New Quadplex with Private
For Sale
$420,000
807 E Starr Street, Mercedes, TX 78570
Contemporary four-unit property with furnished kitchens, in-unit laundry appliances, and dedicated covered parking.
Property Size4,050 SF
Days on Market25
Property Features for 807 E Starr Street
General Information
Standard status
Active
Size
4,050 SF
Total Parking Spaces
4
Property subtype
Multi Family Home
Additional Details
Highway Access
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1.00
Amenities
private fenced backyard
refrigerator
stove
microwave
washer
dryer
Building Details
Building Size
4,050 SF
Year Built
2024
Buildings
2
Stories
1
Units
4
Listing Agency:
BIG Realty
(956) 520-4573
Listed By:
Irving N. Kim · License #693229
(956) 520-4573
Source:
Buyingandsellingmcallen
Added: Aug 6
Changed: Aug 28
Last Checked: Aug 28 at 11:29AM
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 BIG Realty
Investment Insights
Based on property information with market context.
Completed in 2024, this quadplex contains four contemporary residential units with open-concept interiors and wood-look tile flooring. Each residence includes a kitchen with ceiling-height custom cabinetry, quartz counters, and a large island. Bedrooms are generously sized, with substantial closet space, while the primary suite includes an expansive bathroom and closet. Private fenced yards serve each unit.
The property is positioned near the expressway and within a short drive of the Rio Grande Valley Premium Outlets. Every unit is equipped with a refrigerator, stove, microwave, washer, and dryer. Eight carport spaces provide covered parking, and tenants are responsible for their own utilities.
The property is positioned near the expressway and within a short drive of the Rio Grande Valley Premium Outlets. Every unit is equipped with a refrigerator, stove, microwave, washer, and dryer. Eight carport spaces provide covered parking, and tenants are responsible for their own utilities.
Key Highlights
- Four‑unit quadplex completed in 2024
- Open‑concept interiors with wood‑like tile flooring throughout
- Kitchens feature ceiling‑high custom cabinets, quartz countertops, and expansive islands
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
$35,417
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
8.43%
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%
$708,340
$708.3K
Cap Rate 7%
$505,957
$506.0K
Cap Rate 9%
$393,522
$393.5K
Market Conditions
NOI Build-Up for 4,050 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
$56.9K $14.04/SF
− Vacancy
−$6.3K −$1.55/SF
EGI
$50.6K $12.49/SF
− OpEx
−$15.2K −$3.75/SF
NOI
$35.4K $8.74/SF
Area
Hidalgo County, TX
Vacancy
11.02%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
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%
$708,340
Cap Rate 7%
$505,957
Cap Rate 9%
$393,522
Alternative Uses
Best Use
Multifamily LT 5
$506.0K
$442.7K – $590.3K
NOI $35,417 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$465.8K
$407.6K – $543.5K
NOI $32,608 @ 7.0% cap · market cap 7.76%
Theoretical Best
Hotel Hospitality
$3.05M
$2.67M – $3.56M
NOI $213,536 @ 7.0% cap · market cap 50.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
Explore this area
Business Placement
Demographics for 78570, TX
32,950
Population
10,701
Households
3.1
Avg Household Size
30
Median Age
12%
College-Educated
61%
High-School Grad
75.2 sq mi
ZIP Area
438
Density / Sq Mi
$39,890
Median Household Income
$22,648
Median Earnings
$686
Median Rent
$83,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Contemporary four-unit property with furnished kitchens, in-unit laundry appliances, and dedicated covered parking.
Where is this quadplex located?
The property is located at 807 E Starr Street Mercedes, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Four‑unit quadplex completed in 2024; Open‑concept interiors with wood‑like tile flooring throughout; Kitchens feature ceiling‑high custom cabinets, quartz countertops, and expansive islands
