Gated Fourplex with Fenced
New
For Sale
$699,000
7113 MICAYLA CV, San Antonio, TX 78244
Multi-Family (2-8 Units), San Antonio, TX
Property Size4,876 SF
Lot Size0.20 Acres
Price / SF$143.36
Days on Market2
Property Features for 7113 MICAYLA CV
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Woodlake
Middle school
Woodlake Hills
High school
Wagner
Elementary school district
Judson
Middle school district
Judson
High school district
Judson
Subdivision
1700
Standard status
Active
Size
4,876 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
11560
HOA Fee
$2,400 Annually
Amenities
gated community
front yard lawn care
privacy fenced backyard
Building Details
Year built
2017
Listing Agency:
Clark Realty & Associates,LLC
(210) 655-5355
Listed By:
Kevin Clark
(210) 655-5355
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 29 at 3:06PM
MLS# 2012227
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.
Built in 2017, this fourplex contains 4,876 square feet across a 0.2-acre parcel and is fully occupied. The gated community setting is complemented by privacy-fenced backyard areas and included front-yard lawn care. Interior details include tray ceilings with crown molding in the living rooms, granite kitchen countertops, and black appliances. Ceramic tile covers the first floor, while carpet is installed upstairs.
The property is located in San Antonio’s Northeast area at 7113 Micayla Cv, with access to Fort Sam Houston and Randolph AFB within minutes. The 78244 property also offers a defined residential income configuration with durable finish selections and separated outdoor space.
The property is located in San Antonio’s Northeast area at 7113 Micayla Cv, with access to Fort Sam Houston and Randolph AFB within minutes. The 78244 property also offers a defined residential income configuration with durable finish selections and separated outdoor space.
Key Highlights
- Fourplex totaling 4,876 square feet on a 0.2‑acre lot
- Fully occupied property in a gated community
- Built in 2017
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
$56,123
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
8.03%
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%
$1,122,460
$1.1M
Cap Rate 7%
$801,757
$801.8K
Cap Rate 9%
$623,589
$623.6K
Market Conditions
NOI Build-Up for 4,876 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
$84.8K $17.40/SF
− Vacancy
−$4.7K −$0.96/SF
EGI
$80.2K $16.44/SF
− OpEx
−$24.1K −$4.93/SF
NOI
$56.1K $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%
$1,122,460
Cap Rate 7%
$801,757
Cap Rate 9%
$623,589
Alternative Uses
Best Use
Multifamily LT 5
$801.8K
$701.5K – $935.4K
NOI $56,123 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$711.5K
$622.6K – $830.1K
NOI $49,807 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $87,065 @ 7.0% cap · market cap 12.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
Explore this area
Business Placement
Demographics for 78244, TX
35,801
Population
12,978
Households
2.8
Avg Household Size
33
Median Age
24%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
4,773
Density / Sq Mi
$67,789
Median Household Income
$36,788
Median Earnings
$1,552
Median Rent
$195,400
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?
Quadplex - Fully occupied fourplex with updated interior finishes and access-controlled community setting.
Where is this quadplex located?
The property is located at 7113 MICAYLA CV San Antonio, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Fourplex totaling 4,876 square feet on a 0.2‑acre lot; Fully occupied property in a gated community; Built in 2017
