Multifamily Property with Unit
For Sale
$725,000
7774 Skolout Street, San Antonio, TX 78227
One- and two-bedroom units feature carpeting, ceramic tile, and mature trees.
Property Size5,292 SF
Price / SF$136
Days on Market382
Property Features for 7774 Skolout Street
General Information
Standard status
Active
Size
5,292 SF
Property subtype
Multi-Family / One Story
Net Operating Income
$28,536
Taxes and HOA fees
Annual Taxes
$11,450
Amenities
Carpeting, Ceramic Tile
Composition
Slab
Conventional, FHA, VA, Cash, Investors OK
Mature Trees
Building Details
Year Built
1970
Listing Agency:
Davidson Properties, Inc.
Listed By:
Sandra Schultz
(210) 826-1616
Source:
Compass
Added: Aug 18, 2025
Changed: Aug 29
Last Checked: Aug 29 at 1:46PM
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 Davidson Properties, Inc.
Investment Insights
Based on property information with market context.
This multifamily property includes a mix of one- and two-bedroom units within a community built in 1970. Interior finishes include carpeting and ceramic tile, while the grounds feature mature trees. The property uses composition and slab exterior elements.
Located off Loop 410 and Highway 90 in San Antonio, the community has access to Lackland AFB, Port San Antonio, major employers, and logistics hubs. These surrounding employment and transportation connections are identified as key sources of tenant demand. The property is described as stabilized and includes an opportunity for interior upgrades.
Located off Loop 410 and Highway 90 in San Antonio, the community has access to Lackland AFB, Port San Antonio, major employers, and logistics hubs. These surrounding employment and transportation connections are identified as key sources of tenant demand. The property is described as stabilized and includes an opportunity for interior upgrades.
Key Highlights
- Mix of one- and two‑bedroom units
- Built in 1970
- Located off Loop 410 and Highway 90
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
$54,057
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
7.46%
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%
$1,081,140
$1.1M
Cap Rate 7%
$772,243
$772.2K
Cap Rate 9%
$600,633
$600.6K
Market Conditions
NOI Build-Up for 5,292 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
$104.8K $19.80/SF
− Vacancy
−$6.5K −$1.23/SF
EGI
$98.3K $18.57/SF
− OpEx
−$44.2K −$8.36/SF
NOI
$54.1K $10.21/SF
Area
San Antonio, TX
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
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%
$1,081,140
Cap Rate 7%
$772,243
Cap Rate 9%
$600,633
Alternative Uses
Best Use
Apartment 5plus
$772.2K
$675.7K – $901.0K
NOI $54,057 @ 7.0% cap · market cap 7.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,493 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
Explore this area
Business Placement
Demographics for 78227, TX
46,594
Population
16,008
Households
2.9
Avg Household Size
33
Median Age
10%
College-Educated
77%
High-School Grad
19.1 sq mi
ZIP Area
2,439
Density / Sq Mi
$48,049
Median Household Income
$28,857
Median Earnings
$1,112
Median Rent
$151,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - One- and two-bedroom units feature carpeting, ceramic tile, and mature trees.
Where is this multifamily property located?
The property is located at 7774 Skolout Street San Antonio, TX.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Mix of one- and two‑bedroom units; Built in 1970; Located off Loop 410 and Highway 90
