Updated Quadplex with Open
For Sale
$350,000
507 Oregon St, San Antonio, TX 78211
Four-unit property built in 2008 near schools, Sam’s Club, Home Depot, and additional shopping centers.
Property Size2,860 SF
Price / SF$122.38
Days on Market23
Property Features for 507 Oregon St
General Information
Standard status
Active
Size
2,860 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Building Details
Year Built
2008
Listing Agency:
Luxterra Realty
(210) 493-3030
Listed By:
Christian Hernandez
Source:
Thebranchinc
Added: Aug 9
Changed: Aug 31
Last Checked: Aug 31 at 6:47PM
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 Luxterra Realty
Investment Insights
Based on property information with market context.
Built in 2008, this four-unit property contains 2,860 square feet across four open-plan units. One unit features updated granite countertops, backsplash, appliances, and interior paint, while most of the remaining units have also been freshly painted. Three units include washer and dryer connections or equipment, and master bedrooms and living rooms feature ceiling fans.
The property is near schools, Sam’s Club, Home Depot, and other shopping centers, providing convenient access to nearby retail and everyday services.
The property is near schools, Sam’s Club, Home Depot, and other shopping centers, providing convenient access to nearby retail and everyday services.
Key Highlights
- Four‑unit property with 2,860 square feet
- Built in 2008
- Open floor plans across all units
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
$29,214
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
8.35%
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%
$584,280
$584.3K
Cap Rate 7%
$417,343
$417.3K
Cap Rate 9%
$324,600
$324.6K
Market Conditions
NOI Build-Up for 2,860 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
$56.6K $19.80/SF
− Vacancy
−$3.5K −$1.23/SF
EGI
$53.1K $18.57/SF
− OpEx
−$23.9K −$8.36/SF
NOI
$29.2K $10.21/SF
Area
San Antonio, TX
Vacancy
6.20%
Lease Rate
$19.80 /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%
$584,280
Cap Rate 7%
$417,343
Cap Rate 9%
$324,600
Alternative Uses
Best Use
Multifamily LT 5
$470.3K
$411.5K – $548.7K
NOI $32,919 @ 7.0% cap · market cap 9.41%
Second Best
Apartment 5plus
$417.3K
$365.2K – $486.9K
NOI $29,214 @ 7.0% cap · market cap 8.35%
Theoretical Best
Office A
$729.5K
$638.4K – $851.1K
NOI $51,068 @ 7.0% cap · market cap 14.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
817
Businesses Nearby
Explore this area
Business Placement
Demographics for 78211, TX
29,976
Population
10,516
Households
2.9
Avg Household Size
35
Median Age
7%
College-Educated
63%
High-School Grad
10.2 sq mi
ZIP Area
2,939
Density / Sq Mi
$54,279
Median Household Income
$30,109
Median Earnings
$1,047
Median Rent
$110,200
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?
Quadplex - Four-unit property built in 2008 near schools, Sam’s Club, Home Depot, and additional shopping centers.
Where is this quadplex located?
The property is located at 507 Oregon St San Antonio, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Four‑unit property with 2,860 square feet; Built in 2008; Open floor plans across all units
