Two-Unit Duplex with
For Sale
$225,000
612 West Byrd Boulevard, Universal City, TX 78148
Level duplex near Randolph Air Force Base with ceramic tile interiors and access to shopping, dining, and major highways.
Property Size1,536 SF
Price / SF$146.48
Days on Market164
Property Features for 612 West Byrd Boulevard
General Information
Standard status
Active
Size
1,536 SF
Property subtype
Multi-Family / One Story
Net Operating Income
$15,430
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,799
Amenities
Ceramic Tile
Composition
Slab
Conventional, FHA, VA, Cash
Cable TV Available, Level
Building Details
Year Built
1965
Listing Agency:
eXp Realty
(210) 367-3498
Listed By:
Laura Grau
(210) 367-3498
Source:
Compass
Added: Mar 22
Changed: Aug 31
Last Checked: Aug 30 at 5:51AM
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 eXp Realty
Investment Insights
Based on property information with market context.
Located at 612 West Byrd Boulevard in Universal City, this duplex contains 1,536 square feet arranged as two separate units. Each unit includes 2 bedrooms and 1 bathroom, with practical living areas, spacious bedrooms, and ceramic tile flooring. The property was built in 1965 and features a composition exterior, slab foundation, and a level site.
The duplex is situated minutes from Randolph Air Force Base, major highways, shopping, dining, and everyday amenities. Cable TV is available, adding an additional utility feature for the two-unit residential configuration.
The duplex is situated minutes from Randolph Air Force Base, major highways, shopping, dining, and everyday amenities. Cable TV is available, adding an additional utility feature for the two-unit residential configuration.
Key Highlights
- Two‑unit duplex with 1,536 square feet
- Each unit offers 2 bedrooms and 1 bathroom
- Ceramic tile interior flooring
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
$16,178
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
7.19%
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%
$323,560
$323.6K
Cap Rate 7%
$231,114
$231.1K
Cap Rate 9%
$179,756
$179.8K
Market Conditions
NOI Build-Up for 1,536 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
$24.9K $16.20/SF
− Vacancy
−$1.8K −$1.15/SF
EGI
$23.1K $15.05/SF
− OpEx
−$6.9K −$4.51/SF
NOI
$16.2K $10.53/SF
Area
Bexar County, TX
Vacancy
7.12%
Lease Rate
$16.20 /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%
$323,560
Cap Rate 7%
$231,114
Cap Rate 9%
$179,756
Alternative Uses
Best Use
Multifamily LT 5
$231.1K
$202.2K – $269.6K
NOI $16,178 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$200.9K
$175.8K – $234.4K
NOI $14,066 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$415.7K
$363.8K – $485.0K
NOI $29,101 @ 7.0% cap · market cap 12.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
511
Businesses Nearby
Explore this area
Business Placement
Demographics for 78148, TX
21,569
Population
8,597
Households
2.5
Avg Household Size
37
Median Age
34%
College-Educated
96%
High-School Grad
9.6 sq mi
ZIP Area
2,247
Density / Sq Mi
$75,395
Median Household Income
$40,850
Median Earnings
$1,252
Median Rent
$249,400
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 - Level duplex near Randolph Air Force Base with ceramic tile interiors and access to shopping, dining, and major highways.
Where is this duplex located?
The property is located at 612 West Byrd Boulevard Universal City, TX.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,536 square feet; Each unit offers 2 bedrooms and 1 bathroom; Ceramic tile interior flooring
