Six-Unit Apartment
For Sale
$499,900
715 New Laredo Hwy, San Antonio, TX 78211
C-3-zoned property combines residential units with an on-site hair salon in a flexible mixed-use configuration.
Property Size2,579 SF
Price / SF$193.83
Days on Market61
Property Features for 715 New Laredo Hwy
General Information
Standard status
Active
Size
2,579 SF
Property subtype
Multi-Family
Zoning
C-3
Units
Unit Mix
2 x efficiency, 1 x 2BR, 2 x 1BR
Multifamily Units
5
Building Details
Year Built
1955
Buildings
1
Tenancy
Multi
Listing Agency:
White Line Realty LLC
Listed By:
Collin Corrington · License #0706046
(210) 439-4471
Source:
Theswinneygroup
Added: Jul 21
Changed: Sep 18
Last Checked: Sep 18 at 12:48PM
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 White Line Realty LLC
Investment Insights
Based on property information with market context.
This 2,579-square-foot apartment building contains six units arranged for both residential and commercial occupancy. The layout includes a hair salon, two efficiency units, one two-bedroom unit, and two one-bedroom units. Each unit includes one bathroom, and all five residential units have been remodeled.
Built in 1955, the property is located at 715 New Laredo Hwy in San Antonio, Texas. C-3 zoning accommodates the property’s stated commercial and residential configuration, providing a framework for its existing mix of apartment units and salon space.
Built in 1955, the property is located at 715 New Laredo Hwy in San Antonio, Texas. C-3 zoning accommodates the property’s stated commercial and residential configuration, providing a framework for its existing mix of apartment units and salon space.
Key Highlights
- Six‑unit building with a hair salon and five residential units
- Unit mix includes two efficiency units, one two‑bedroom unit, and two one‑bedroom units
- All five residential units have been remodeled
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
$34,523
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
6.91%
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%
$690,460
$690.5K
Cap Rate 7%
$493,186
$493.2K
Cap Rate 9%
$383,589
$383.6K
Market Conditions
NOI Build-Up for 2,579 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
$51.4K $19.92/SF
− Vacancy
−$2.1K −$0.80/SF
EGI
$49.3K $19.12/SF
− OpEx
−$14.8K −$5.74/SF
NOI
$34.5K $13.39/SF
Area
San Antonio, TX
Vacancy
4.00%
Lease Rate
$19.92 /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%
$690,460
Cap Rate 7%
$493,186
Cap Rate 9%
$383,589
Alternative Uses
Best Use
Retail
$493.2K
$431.5K – $575.4K
NOI $34,523 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$376.3K
$329.3K – $439.1K
NOI $26,344 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$657.9K
$575.6K – $767.5K
NOI $46,050 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
Explore this area
Business Placement
Demographics for 78211, TX
29,976
Population
10,516
Households
2.9
Avg Household Size
35
Median Age
7%
College-Educated
63%
High-School Grad
10.2 sq mi
ZIP Area
2,939
Density / Sq Mi
$54,279
Median Household Income
$30,109
Median Earnings
$1,047
Median Rent
$110,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - C-3-zoned property combines residential units with an on-site hair salon in a flexible mixed-use configuration.
Where is this apartment building located?
The property is located at 715 New Laredo Hwy San Antonio, TX.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Six‑unit building with a hair salon and five residential units; Unit mix includes two efficiency units, one two‑bedroom unit, and two one‑bedroom units; All five residential units have been remodeled
