Quadplex with New
For Sale
Contact for pricing
3501 N Inspiration Road, Mission, TX 78573
Four-unit residential income property near a park, laundromat, schools, and public transportation.
Property Size3,520 SF
Price / SF$89.49
Days on Market196
Property Features for 3501 N Inspiration Road
General Information
Standard status
Active
Size
3,520 SF
Property subtype
Multifamily
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
4
Building Details
Year Built
2002
Buildings
1
Units
4
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Joshua Benavides
Source:
Crexi
Added: Feb 17
Changed: Aug 31
Last Checked: Aug 31 at 1:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BIG Realty
Investment Insights
Based on property information with market context.
This quadplex contains 3,520 square feet and was built in 2002. A new roof is among the property improvements, providing a recently updated building component for the next owner. The four-unit configuration supports use as a residential income property.
The property is located at 3501 N Inspiration Road in Mission, Texas, just off Mile 2 Road and Inspiration Road. It sits directly across from a park and near a laundromat, with schools, local amenities, and public transportation also located nearby. These surrounding conveniences provide practical access for residents and contribute to the property's residential setting.
The property is located at 3501 N Inspiration Road in Mission, Texas, just off Mile 2 Road and Inspiration Road. It sits directly across from a park and near a laundromat, with schools, local amenities, and public transportation also located nearby. These surrounding conveniences provide practical access for residents and contribute to the property's residential setting.
Key Highlights
- Quadplex with four residential units
- 3,520 square feet of property size
- Built in 2002
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,341
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$566,820
$566.8K
Cap Rate 7%
$404,871
$404.9K
Cap Rate 9%
$314,900
$314.9K
Market Conditions
NOI Build-Up for 3,520 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$58.3K $16.56/SF
− Vacancy
−$6.8K −$1.92/SF
EGI
$51.5K $14.64/SF
− OpEx
−$23.2K −$6.59/SF
NOI
$28.3K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$566,820
Cap Rate 7%
$404,871
Cap Rate 9%
$314,900
Alternative Uses
Best Use
Multifamily LT 5
$439.7K
$384.8K – $513.0K
NOI $30,782 @ 7.0% cap · market cap 9.77%
Second Best
Apartment 5plus
$404.9K
$354.3K – $472.4K
NOI $28,341 @ 7.0% cap · market cap 9.00%
Theoretical Best
Hotel Hospitality
$2.65M
$2.32M – $3.09M
NOI $185,592 @ 7.0% cap · market cap 58.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Explore this area
Business Placement
Demographics for 78573, TX
42,229
Population
13,339
Households
3.2
Avg Household Size
29
Median Age
15%
College-Educated
63%
High-School Grad
36.7 sq mi
ZIP Area
1,151
Density / Sq Mi
$51,185
Median Household Income
$27,730
Median Earnings
$909
Median Rent
$154,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property near a park, laundromat, schools, and public transportation.
Where is this quadplex located?
The property is located at 3501 N Inspiration Road Mission, TX.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Quadplex with four residential units; 3,520 square feet of property size; Built in 2002
