Multifamily
For Sale
$374,999
6911 N US HIGHWAY 281, Pleasanton, TX 78064
Multi-Family (2-8 Units), Pleasanton, TX
Property Size4,951 SF
Lot Size0.98 Acres
Price / SF$75.74
Days on Market73
Property Features for 6911 N US HIGHWAY 281
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Pleasanton
Middle school
Pleasanton
High school
Pleasanton
Elementary school district
Pleasanton
Middle school district
Pleasanton
High school district
Pleasanton
Subdivision
2301
Standard status
Active
Size
4,951 SF
Lot size
0.98 Acres
Taxes and HOA fees
Tax Annual Amount
5456
Building Details
Year built
1995
Listing Agency:
MHOMENT Realty LLC
(210) 861-7000
Listed By:
Robert Martinez · License #0595436
(210) 269-3321
Added: Jul 18
Changed: Sep 10
Last Checked: Sep 28 at 9:06PM
MLS# 2001324
Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property at 6911 N US HIGHWAY 281 in Pleasanton, Texas, includes a 4,951-square-foot building constructed in 1995. The site encompasses 0.9765 acres in Atascosa County.
The property is positioned along US Highway 281 and carries a Pleasanton, TX 78064 address. Its building size, established construction date, and nearly one-acre site provide the core physical profile for evaluating the asset.
The property is positioned along US Highway 281 and carries a Pleasanton, TX 78064 address. Its building size, established construction date, and nearly one-acre site provide the core physical profile for evaluating the asset.
Key Highlights
- 4,951‑square‑foot multifamily building
- 0.9765‑acre site
- Constructed in 1995
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
$33,644
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
8.97%
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%
$672,880
$672.9K
Cap Rate 7%
$480,629
$480.6K
Cap Rate 9%
$373,822
$373.8K
Market Conditions
NOI Build-Up for 4,951 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
$69.5K $14.04/SF
− Vacancy
−$8.3K −$1.68/SF
EGI
$61.2K $12.36/SF
− OpEx
−$27.5K −$5.56/SF
NOI
$33.6K $6.80/SF
Area
Atascosa County, TX
Vacancy
12.00%
Lease Rate
$14.04 /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%
$672,880
Cap Rate 7%
$480,629
Cap Rate 9%
$373,822
Alternative Uses
Best Use
Apartment 5plus
$480.6K
$420.6K – $560.7K
NOI $33,644 @ 7.0% cap · market cap 8.97%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$3.73M
$3.26M – $4.35M
NOI $261,041 @ 7.0% cap · market cap 69.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 78064, TX
15,710
Population
6,179
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
83%
High-School Grad
281.4 sq mi
ZIP Area
56
Density / Sq Mi
$69,407
Median Household Income
$36,185
Median Earnings
$1,109
Median Rent
$216,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - 1995-built residential property with a substantial building area and nearly one acre of land.
Where is this multifamily property located?
The property is located at 6911 N US HIGHWAY 281 Pleasanton, TX.
What is the asking price?
The asking price for this property is $374,999.
What are key features of this property?
This property features: 4,951‑square‑foot multifamily building; 0.9765‑acre site; Constructed in 1995
