22-Unit New Construction Apartment
For Sale
$3,300,000
3502 S Urbahn Ave, Laredo, TX 78046
New construction community offering two-bedroom, two-bath apartment layouts.
Property Size19,826 SF
Price / SF$166.45
Days on Market162
Property Features for 3502 S Urbahn Ave
General Information
Standard status
Active
Size
19,826 SF
Property subtype
Residential Income
Additional Details
Asking Price
$3,300,000
Multifamily Units
22
Taxes and HOA fees
Annual Taxes
$14,421
Listing Agency:
WINNERS CIRCLE
(956) 949-9337
Listed By:
Avinaash Nash Buxani · License #TREC#0712106
(956) 949-9337
Source:
Exprealty
Added: Mar 24
Changed: Aug 31
Last Checked: Aug 31 at 7:22PM
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 WINNERS CIRCLE
Investment Insights
Based on property information with market context.
This 22-unit apartment building is a new construction multifamily asset totaling 19,826 square feet. The community is planned with two-bedroom, two-bath residences, with layouts designed around durability and lower-maintenance operation. May 2026 delivery is identified for the property, which is currently approximately two months from completion.
Located at 3502 S Urbahn Avenue in Laredo, Texas, the asset is positioned as a pre-stabilization multifamily property. The source information identifies the community as a contemporary apartment development intended for lease-up following completion.
Located at 3502 S Urbahn Avenue in Laredo, Texas, the asset is positioned as a pre-stabilization multifamily property. The source information identifies the community as a contemporary apartment development intended for lease-up following completion.
Key Highlights
- 22‑unit new construction apartment community
- 19,826 SF multifamily asset
- Two‑bedroom, two‑bath apartment layouts
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
$156,101
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
4.73%
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%
$3,122,020
$3.1M
Cap Rate 7%
$2,230,014
$2.2M
Cap Rate 9%
$1,734,456
$1.7M
Market Conditions
NOI Build-Up for 19,826 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
$304.5K $15.36/SF
− Vacancy
−$20.7K −$1.04/SF
EGI
$283.8K $14.32/SF
− OpEx
−$127.7K −$6.44/SF
NOI
$156.1K $7.87/SF
Area
Laredo, TX
Vacancy
6.80%
Lease Rate
$15.36 /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%
$3,122,020
Cap Rate 7%
$2,230,014
Cap Rate 9%
$1,734,456
Alternative Uses
Best Use
Apartment 5plus
$2.23M
$1.95M – $2.60M
NOI $156,101 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.88M
$4.27M – $5.69M
NOI $341,689 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
22
Residential units
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
Explore this area
Business Placement
Demographics for 78046, TX
71,956
Population
19,601
Households
3.7
Avg Household Size
27
Median Age
13%
College-Educated
64%
High-School Grad
183.3 sq mi
ZIP Area
393
Density / Sq Mi
$53,601
Median Household Income
$28,062
Median Earnings
$1,038
Median Rent
$142,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - New construction community offering two-bedroom, two-bath apartment layouts.
Where is this apartment building located?
The property is located at 3502 S Urbahn Ave Laredo, TX.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 22‑unit new construction apartment community; 19,826 SF multifamily asset; Two‑bedroom, two‑bath apartment layouts
