25-Unit Apartment
For Sale
$1,747,500
613 Gastel Cir, Edinburg, TX 78539
The property includes a mix of one- and two-bedroom apartments, with one bathroom per unit.
Property Size13,356 SF
Price / SF$130.84
Days on Market33
Property Features for 613 Gastel Cir
General Information
Standard status
Active
Size
13,356 SF
Property subtype
Residential Income
Units
Unit Mix
18 x 1BR/1BA, 7 x 2BR/1BA
Multifamily Units
25
Taxes and HOA fees
Annual Taxes
$27,467
Listing Agency:
Select Properties
(956) 821-1939
Listed By:
Vicki Lynn Chrysler
(956) 821-1939
Source:
Exprealty
Added: Jul 13
Changed: Aug 11
Last Checked: Aug 14 at 9:29AM
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 Select Properties
Investment Insights
Based on property information with market context.
This apartment property contains 25 residential units arranged as eighteen one-bedroom, one-bathroom apartments and seven two-bedroom, one-bathroom apartments. The unit mix provides a clear combination of smaller and larger floor plans within one multifamily asset.
Gastel Circle Apartments is located at 613 Gastel Cir in Edinburg, Texas. The property is presented as a stabilized rental community with an established tenant history and current rental income.
Gastel Circle Apartments is located at 613 Gastel Cir in Edinburg, Texas. The property is presented as a stabilized rental community with an established tenant history and current rental income.
Key Highlights
- 25‑unit apartment property in Edinburg, Texas
- Unit mix includes eighteen 1BR/1BA apartments
- Seven 2BR/1BA apartments included
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
$112,127
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
6.42%
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%
$2,242,540
$2.2M
Cap Rate 7%
$1,601,814
$1.6M
Cap Rate 9%
$1,245,856
$1.2M
Market Conditions
NOI Build-Up for 13,356 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
$210.0K $15.72/SF
− Vacancy
−$6.1K −$0.46/SF
EGI
$203.9K $15.26/SF
− OpEx
−$91.7K −$6.87/SF
NOI
$112.1K $8.40/SF
Area
Edinburg, TX
Vacancy
2.90%
Lease Rate
$15.72 /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%
$2,242,540
Cap Rate 7%
$1,601,814
Cap Rate 9%
$1,245,856
Alternative Uses
Best Use
Apartment 5plus
$1.60M
$1.40M – $1.87M
NOI $112,127 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.47M
$3.03M – $4.04M
NOI $242,588 @ 7.0% cap · market cap 13.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
25
Residential units
Location Intelligence
Trade Area within ½ mile
847
Businesses Nearby
Explore this area
Business Placement
Demographics for 78539, TX
37,686
Population
15,759
Households
2.4
Avg Household Size
34
Median Age
37%
College-Educated
84%
High-School Grad
12.2 sq mi
ZIP Area
3,089
Density / Sq Mi
$64,864
Median Household Income
$38,413
Median Earnings
$1,034
Median Rent
$198,300
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 - The property includes a mix of one- and two-bedroom apartments, with one bathroom per unit.
Where is this apartment building located?
The property is located at 613 Gastel Cir Edinburg, TX.
What is the asking price?
The asking price for this property is $1,747,500.
What are key features of this property?
This property features: 25‑unit apartment property in Edinburg, Texas; Unit mix includes eighteen 1BR/1BA apartments; Seven 2BR/1BA apartments included
