New Duplex with Granite
For Sale
$480,000
5111 Candy Pl, San Antonio, TX 78214
Brand-new duplex community offering contemporary interiors, stainless steel appliances, and low-maintenance landscaped grounds.
Property Size2,968 SF
Price / SF$161.73
Days on Market16
Property Features for 5111 Candy Pl
General Information
Standard status
Active
Size
2,968 SF
Property subtype
Residential Income
Listing Agency:
TRU Real Estate Group
Listed By:
Joshua Gutierrez
(210) 505-2600
Source:
Exprealty
Added: Aug 21
Changed: Aug 31
Last Checked: Sep 5 at 12:49PM
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 TRU Real Estate Group
Investment Insights
Based on property information with market context.
Morgans Ridge is a newly built duplex community with approximately 2,968 square feet of property area. The residences feature open kitchen layouts centered on oversized granite islands, complemented by matching granite countertops and recessed lighting. Eleven-foot ceilings extend throughout the homes, creating a spacious interior character.
Stainless steel appliances, including refrigerators, are included for move-in convenience. Exterior improvements include full sod, xeriscaping, and an irrigation system designed to support the landscaped grounds. The property is positioned near restaurant and shopping options, with Alamo Ranch and Dove Creek shopping centers identified nearby.
Stainless steel appliances, including refrigerators, are included for move-in convenience. Exterior improvements include full sod, xeriscaping, and an irrigation system designed to support the landscaped grounds. The property is positioned near restaurant and shopping options, with Alamo Ranch and Dove Creek shopping centers identified nearby.
Key Highlights
- Brand‑new duplex community known as Morgans Ridge
- Approximately 2,968 square feet of property area
- 11‑foot ceilings throughout the home
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
$34,162
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
7.12%
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%
$683,240
$683.2K
Cap Rate 7%
$488,029
$488.0K
Cap Rate 9%
$379,578
$379.6K
Market Conditions
NOI Build-Up for 2,968 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
$51.6K $17.40/SF
− Vacancy
−$2.8K −$0.96/SF
EGI
$48.8K $16.44/SF
− OpEx
−$14.6K −$4.93/SF
NOI
$34.2K $11.51/SF
Area
San Antonio, TX
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
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%
$683,240
Cap Rate 7%
$488,029
Cap Rate 9%
$379,578
Alternative Uses
Best Use
Multifamily LT 5
$488.0K
$427.0K – $569.4K
NOI $34,162 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$433.1K
$379.0K – $505.3K
NOI $30,318 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$757.1K
$662.5K – $883.3K
NOI $52,996 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Explore this area
Business Placement
Demographics for 78214, TX
22,664
Population
8,447
Households
2.7
Avg Household Size
37
Median Age
9%
College-Educated
69%
High-School Grad
8.3 sq mi
ZIP Area
2,731
Density / Sq Mi
$41,334
Median Household Income
$31,397
Median Earnings
$934
Median Rent
$121,600
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?
Duplex - Brand-new duplex community offering contemporary interiors, stainless steel appliances, and low-maintenance landscaped grounds.
Where is this duplex located?
The property is located at 5111 Candy Pl San Antonio, TX.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Brand‑new duplex community known as Morgans Ridge; Approximately 2,968 square feet of property area; 11‑foot ceilings throughout the home
