New Construction
For Sale
$859,900
7215 John Palmer Dr., San Antonio, TX 78239
Planned four-unit property with open layouts, granite finishes, private primary suites, and shared outdoor amenities.
Property Size5,000 SF
Price / SF$171.98
Days on Market73
Property Features for 7215 John Palmer Dr.
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Northeast
Additional Details
Multifamily Units
4
Building Details
Year Built
2027
Buildings
1
Listing Agency:
Vortex Realty
Listed By:
Mariana Campos
(210) 306-0674
Source:
Shebaramos
Added: Aug 17
Changed: Oct 25
Last Checked: Oct 7 at 4:01PM
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
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Investment Insights
Based on property information with market context.
Planned delivery is January 2027 for this four-unit residential income property. The configuration includes 12 bedrooms, 8 full bathrooms, and 4 half baths, with open-concept interiors, granite countertops in the kitchens and bathrooms, walk-in closets, and primary bedrooms with walk-in showers. Wood laminate flooring is specified throughout the units.
Shared exterior features include a green area with picnic tables, a gazebo, and barbecue grills. The property is positioned near shopping, The Forum, Randolph Brooks Federal Credit Union, and IKEA in San Antonio’s northeast side.
Shared exterior features include a green area with picnic tables, a gazebo, and barbecue grills. The property is positioned near shopping, The Forum, Randolph Brooks Federal Credit Union, and IKEA in San Antonio’s northeast side.
Key Highlights
- Estimated delivery January 2027
- Four‑unit configuration with 12 bedrooms
- 8 full bathrooms and 4 half baths
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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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Planned four-unit property with open layouts, granite finishes, private primary suites, and shared outdoor amenities.
Where is this quadplex located?
The property is located at 7215 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: Estimated delivery January 2027; Four‑unit configuration with 12 bedrooms; 8 full bathrooms and 4 half baths
