New Construction
600A APT 1 10th, Bandera, TX 78003
For Sale
$475,000
Each residence has separate water and electric meters, granite surfaces, and a complete stainless steel kitchen appliance package.
Property Size2,356 SF
Price / SF$201.61
Days on Market278
Property Features for 600A APT 1 10th
General Information
Standard status
Size
Property subtype
Units
Multifamily Units
Parking per Unit
Individually Metered Utilities
Additional Details
Utilities to Site
Building Details
Buildings
Listing Agency:
The San Antonio Real Estate Company
Listed By:
Kevin Kiser
(210) 410-2747
Source:
Exprealty
Added: Feb 3
Changed: Nov 7
Last Checked: Nov 7 at 5:52PM
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 The San Antonio Real Estate Company
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,356-square-foot duplex contains two-bedroom units with bedrooms located upstairs. Each residence includes a kitchen with granite countertops and stainless steel appliances: refrigerator, stove, microwave, and dishwasher. Water and electric service are separately metered for each unit, and each has a two-space parking pad.
The property is across the street from Bandera Middle School, with the courthouse, shops, and restaurants described as walkable destinations nearby.
The property is across the street from Bandera Middle School, with the courthouse, shops, and restaurants described as walkable destinations nearby.
Key Highlights
- 2,356‑square‑foot duplex with two‑bedroom units
- Separate water and electric meters for each residence
- Stainless steel refrigerator, stove, microwave, and dishwasher in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,179
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,580
$483.6K
Cap Rate 7%
$345,414
$345.4K
Cap Rate 9%
$268,656
$268.7K
Market Conditions
NOI Build-Up for 2,356 SF
Gross rent
$38.2K $16.20/SF
− Vacancy
−$3.6K −$1.54/SF
EGI
$34.5K $14.66/SF
− OpEx
−$10.4K −$4.40/SF
NOI
$24.2K $10.26/SF
Area
Bandera County, TX
Vacancy
9.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,580
Cap Rate 7%
$345,414
Cap Rate 9%
$268,656
Alternative Uses
Best Use
Multifamily LT 5
$345.4K
$302.2K – $403.0K
NOI $24,179 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$299.9K
$262.4K – $349.9K
NOI $20,992 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$601.0K
$525.9K – $701.1K
NOI $42,068 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
Explore this area
Business Placement
Demographics for 78003, TX
9,595
Population
5,194
Households
1.8
Avg Household Size
53
Median Age
24%
College-Educated
91%
High-School Grad
226.7 sq mi
ZIP Area
42
Density / Sq Mi
$54,500
Median Household Income
$35,179
Median Earnings
$1,096
Median Rent
$233,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has separate water and electric meters, granite surfaces, and a complete stainless steel kitchen appliance package.
Where is this duplex located?
The property is located at 600A APT 1 10th Bandera, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,356‑square‑foot duplex with two‑bedroom units; Separate water and electric meters for each residence; Stainless steel refrigerator, stove, microwave, and dishwasher in each unit
