Six-Unit Mixed-Use
For Sale
$499,900
715 New Laredo Hwy, San Antonio, TX 78211
Multi-Family (2-8 Units), San Antonio, TX
Property Size2,579 SF
Lot Size0.14 Acres
Price / SF$193.83
Days on Market108
Property Features for 715 New Laredo Hwy
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Call District
Middle school
Call District
High school
Call District
Elementary school district
South San Antonio.
Middle school district
South San Antonio.
High school district
South San Antonio.
Subdivision
2200
Standard status
Active
Size
2,579 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
5707
Utilities
Cooling system
Central Air
Building Details
Year built
1955
Listing Agency:
White Line Realty LLC
(210) 951-3478
Listed By:
Collin Corrington · License #0706046
(210) 439-4471
Added: Jun 9
Changed: Sep 18
Last Checked: Sep 24 at 9:06AM
MLS# 1964639
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 2,579-square-foot mixed-use property contains six units arranged for both commercial and residential occupancy. The configuration includes a hair salon, two efficiency units, one two-bedroom residence, and two one-bedroom residences. Each residential unit has one bathroom, and all five residential units have been remodeled. Central air serves the building, which was constructed in 1955.
Positioned at 715 New Laredo Hwy in San Antonio, the property occupies 0.141 acres and carries C-3 zoning. Its existing combination of salon and residential spaces provides a defined mixed-use layout within the building.
Positioned at 715 New Laredo Hwy in San Antonio, the property occupies 0.141 acres and carries C-3 zoning. Its existing combination of salon and residential spaces provides a defined mixed-use layout within the building.
Key Highlights
- Six‑unit mixed‑use building with a hair salon and five residential units
- 2,579 square feet on a 0.141‑acre lot
- Residential mix includes two efficiencies, one two‑bedroom unit, and two one‑bedroom units
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
$33,076
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
6.62%
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%
$661,520
$661.5K
Cap Rate 7%
$472,514
$472.5K
Cap Rate 9%
$367,511
$367.5K
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
$58.8K $22.80/SF
− Vacancy
−$5.9K −$2.28/SF
EGI
$52.9K $20.52/SF
− OpEx
−$19.8K −$7.70/SF
NOI
$33.1K $12.83/SF
Area
San Antonio, TX
Vacancy
10.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
37.50%
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%
$661,520
Cap Rate 7%
$472,514
Cap Rate 9%
$367,511
Alternative Uses
Best Use
Mixed Use
$472.5K
$413.5K – $551.3K
NOI $33,076 @ 7.0% cap · market cap 6.62%
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
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?
Mixed-use property - C-3-zoned property combines a salon with remodeled residential units in a flexible mixed-use configuration.
Where is this mixed-use property 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 mixed‑use building with a hair salon and five residential units; 2,579 square feet on a 0.141‑acre lot; Residential mix includes two efficiencies, one two‑bedroom unit, and two one‑bedroom units
