New-Build Quadplex with Open
For Sale
$859,900
7214 John Palmer Dr., San Antonio, TX 78239
Four-unit residential property planned with landscaped outdoor amenities and upgraded kitchen and bathroom finishes.
Property Size5,000 SF
Price / SF$171.98
Days on Market52
Property Features for 7214 John Palmer Dr.
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Amenities
green area
picnic tables
gazebo
grills
Building Details
Year Built
2027
Buildings
1
Listing Agency:
Vortex Realty
Listed By:
Mariana Campos
(210) 306-0674
Source:
Drialtor
Added: Aug 24
Changed: Oct 3
Last Checked: Oct 7 at 1:50PM
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
Investment Insights
Based on property information with market context.
Planned as a four-unit residential property, this 5,000-square-foot quadplex is projected for completion in January 2027. The building includes 12 bedrooms, 8 full bathrooms, and 4 half bathrooms, with an open-concept design, granite countertops in the kitchens and bathrooms, walk-in closets, and a walk-in shower in each primary bedroom. Wood laminate flooring is planned throughout the interiors.
The property is located at 7214 John Palmer Dr. in San Antonio, near shopping, the Forum, Randolph Brooks Federal Credit Union, and IKEA. Outdoor improvements include a green area with picnic tables, a gazebo, and barbecue grills, creating a dedicated space for resident gatherings and recreation.
The property is located at 7214 John Palmer Dr. in San Antonio, near shopping, the Forum, Randolph Brooks Federal Credit Union, and IKEA. Outdoor improvements include a green area with picnic tables, a gazebo, and barbecue grills, creating a dedicated space for resident gatherings and recreation.
Key Highlights
- Four‑unit property with 12 bedrooms, 8 full bathrooms, and 4 half bathrooms
- 5,000‑square‑foot building with estimated January 2027 delivery
- Open‑concept interiors with granite kitchen and bathroom countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,550
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,151,000
$1.2M
Cap Rate 7%
$822,143
$822.1K
Cap Rate 9%
$639,444
$639.4K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$87.0K $17.40/SF
− Vacancy
−$4.8K −$0.96/SF
EGI
$82.2K $16.44/SF
− OpEx
−$24.7K −$4.93/SF
NOI
$57.6K $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 Rate 5%
$1,151,000
Cap Rate 7%
$822,143
Cap Rate 9%
$639,444
Alternative Uses
Best Use
Multifamily LT 5
$822.1K
$719.4K – $959.2K
NOI $57,550 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$729.6K
$638.4K – $851.2K
NOI $51,074 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,279 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Explore this area
Business Placement
Demographics for 78239, TX
31,554
Population
10,639
Households
3
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
6.4 sq mi
ZIP Area
4,930
Density / Sq Mi
$71,455
Median Household Income
$36,235
Median Earnings
$1,401
Median Rent
$215,600
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?
Quadplex - Four-unit residential property planned with landscaped outdoor amenities and upgraded kitchen and bathroom finishes.
Where is this quadplex located?
The property is located at 7214 John Palmer Dr. 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: Four‑unit property with 12 bedrooms, 8 full bathrooms, and 4 half bathrooms; 5,000‑square‑foot building with estimated January 2027 delivery; Open‑concept interiors with granite kitchen and bathroom countertops
