Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    To-Be-Built Fourplex Investment Title is generated by Realmo AI

    7214 John Palmer Drive, San Antonio, TX 78239

    View on Map
    Claim this Listing
    For Sale
    $859,900

    Newly planned fourplex delivers multiple-bedroom units with modern finishes and outdoor entertaining space.

    Type:Multi-Family / Two Story
    Property size:
    5,000 SF
    Price / SF:
    $171/SF
    Added:
    May 22, 2026
    Days on Market:
    17
    Last Refresh:
    Jun 6 at 4:13 am

    Property Features for 7214 John Palmer Drive

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Property subtype
    Multi-Family / Two Story

    Building Details

    Year Built
    2027

    We can help!

    Listing Contact
    Mariana Campos

    Listing agent Mariana Campos

    Listing office Vortex Realty

    Listing date May 22, 2026

    Source Compass

    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 Vortex Realty

    HighLights

    • Newly planned fourplex (4‑plex) with estimated delivery January 2027
    • Proposed terms include Conventional, FHA, VA, Cash, and Investors OK
    • Each unit layout includes 12 bedrooms, 8 full bathrooms, and 4 half baths
    • Planned interior finishes include carpeting, ceramic tile, and laminate flooring; open floor plan
    • Kitchen and bathroom plans feature granite countertops
    • Planned master bedroom includes a walk‑in shower and walk‑in closets; includes patio slab and solar screens

    Overview

    This beautiful fourplex is currently planned for build, with an estimated delivery of January 2027. Each fourplex includes 12 bedrooms, 8 full bathrooms, and 4 half baths, supported by an open floor plan. Interiors are described with granite countertops in the kitchens and bathrooms, wood laminated flooring throughout, and walk-in closets. The master bedroom is noted to include a walk-in shower, and the design includes a green area for entertaining with picnic tables, a gazebo, and grills for BBQ.

    The property is positioned on the sought-after north-east side of San Antonio, near shopping and local amenities including the Forum, Randolph Brooks Federal Credit Union, and IKEA. The listing also characterizes the home as a cash-producing investment opportunity, supported by projected rents of $1,700.

    For buyers considering income-oriented residential property, this planned fourplex layout offers a consolidated unit configuration across multiple bedrooms and bathrooms, paired with in-unit and common-area features intended for everyday livability and resident comfort. Prospective purchasers should review the construction timeline and specifications during underwriting to confirm the final finishes and operating assumptions.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $87.0k $17.40
    − Vacancy −$4.8k −$0.96
    EGI $82.2k $16.44
    − OpEx −$24.7k −$4.93
    NOI $57.6k $11.51
    5,000 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $822.1K
    $719.4K – $959.2K (±1% cap)
    NOI $57,550 @ 7.0% cap · market cap 6.69%
    Second Best
    Apartment 5plus
    $729.6K
    $638.4K – $851.2K (±1% cap)
    NOI $51,074 @ 7.0% cap · market cap 5.94%
    Theoretical Best
    Office A
    $1.28M
    $1.12M – $1.49M (±1% cap)
    NOI $89,279 @ 7.0% cap · market cap 10.38%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Comal
    State
    Texas
    Longitude
    -98.362
    Latitude
    29.5172

    Nearby Similar for Sale

    • $1,199,989
      6,528 SF

      San Antonio Multifamily Investment Opportunity

      Stabilized 8-unit apartment community near Lackland AFB.
      926/930 Drury Lane, San Antonio, TX 78221
      View Details
    • $749,000
      6,432 SF

      San Antonio Multifamily Investment Opportunity

      Six-unit multifamily property in North Central San Antonio.
      602 Chauncey, San Antonio, TX 78216
      View Details
    • $599,000
      7,484 SF

      San Antonio Multifamily Investment Opportunity

      Value-add 8-plex near downtown San Antonio with income upside.
      1409 W Woodlawn, San Antonio, TX 78201
      View Details
    • $580,000
      4,964 SF

      Triplex with Unfinished Fourth Unit

      Three active rental units provide current income, with an unfinished unit ready for completion and expanded use.
      4919 Ty Terrace St, San Antonio, TX 78229
      View Details
    • $560,000
      5,394 SF

      San Antonio Multifamily Investment Opportunity

      Multifamily property with six units, great investment potential.
      1655 Amanda, San Antonio, TX 78210
      View Details
    • $749,000
      4,900 SF

      San Antonio Fourplex with Garages

      Five-year-old fourplex in Northeast San Antonio with strong occupancy.
      6906 CRESTWAY RD, San Antonio, TX 78239
      View Details
    • $575,000
      2,660 SF

      Turnkey Furnished Short-Term Rental Home

      Fully renovated, furnished six-bedroom residence with two full kitchens, well-suited for short- or mid-term stays.
      112 Hill St, San Antonio, TX 78212
      View Details
    • $625,000
      2,947 SF

      Historic Triplex With Shared Terrace

      Three-unit residential income property with a duplex and detached studio, arranged around a shared covered terrace.
      1035 Shook, San Antonio, TX 78212
      View Details
    • $749,000
      4,900 SF

      San Antonio Fourplex with Garages

      Five-year-old fourplex in Northeast San Antonio with strong occupancy.
      6934 CRESTWAY RD, San Antonio, TX 78239
      View Details
    • $565,000
      2,977 SF

      Renovated Triplex Near Downtown San Antonio

      Turnkey triplex with modern updates, close to downtown.
      940 W Mulberry, San Antonio, TX 78201
      View Details
    • $850,000
      5,800 SF

      Renovated Multifamily Building Near Lackland

      Fully renovated 8-unit apartment building in San Antonio, Texas.
      2807 Observation, San Antonio, TX 78227
      View Details
    • $2,750,000

      Self-Serve and Touchless Car Wash

      Upgraded touchless and self-serve wash system with multiple bays and free vacuum equipment, supported by filtration and security.
      8050 Culebra Road, San Antonio, TX 78251
      View Details

    FAQs

    What type of property is this?
    Quadplex - Newly planned fourplex delivers multiple-bedroom units with modern finishes and outdoor entertaining space.
    Where is this quadplex located?
    The property is located at 7214 John Palmer Drive San Antonio, TX.
    What is the asking price?
    The asking price for this property is $859,900.
    What are key features of this property?
    This property features: Newly planned fourplex (4‑plex) with estimated delivery January 2027; Proposed terms include Conventional, FHA, VA, Cash, and Investors OK; Each unit layout includes 12 bedrooms, 8 full bathrooms, and 4 half baths
    (210) 306-0674
    We can help!
    Listing Contact
    Mariana Campos
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7214 John Palmer Drive, San Antonio, TX 78239
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!