Five-Unit Apartment
For Sale
$480,000
8207 Silverado N, Mission, TX 78573
Multifamily property with two-bedroom units and conveying kitchen and laundry appliances.
Property Size4,510 SF
Lot Size1.00 Acre
Price / SF$106.43
Days on Market505
Property Features for 8207 Silverado N
General Information
Standard status
Active
Size
4,510 SF
Lot size
1.00 Acre
Property subtype
Residential Income
Additional Details
Road Access
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$9,721
Listing Agency:
SENDERO REALTY
(956) 458-5839
Listed By:
Fernando Reyes
(956) 458-5839
Source:
Exprealty
Added: Apr 14, 2025
Changed: Aug 30
Last Checked: Aug 30 at 11:28PM
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 SENDERO REALTY
Investment Insights
Based on property information with market context.
This five-unit apartment property in Mission contains a combined 4,510 square feet. The units are configured with two bedrooms and one bathroom, and conveying appliances include a washer, dryer, stove, and refrigerator.
The property occupies 1 acre at the southeast corner of La Homa Rd and Silverado Circle, providing substantial land area within the parcel. Its apartment-building configuration and existing appliances support continued residential income use.
The property occupies 1 acre at the southeast corner of La Homa Rd and Silverado Circle, providing substantial land area within the parcel. Its apartment-building configuration and existing appliances support continued residential income use.
Key Highlights
- Five‑unit apartment property in Mission
- 4,510 square feet of combined property size
- Two‑bedroom, one‑bathroom unit configuration
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
$36,312
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
7.56%
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%
$726,240
$726.2K
Cap Rate 7%
$518,743
$518.7K
Cap Rate 9%
$403,467
$403.5K
Market Conditions
NOI Build-Up for 4,510 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
$74.7K $16.56/SF
− Vacancy
−$8.7K −$1.92/SF
EGI
$66.0K $14.64/SF
− OpEx
−$29.7K −$6.59/SF
NOI
$36.3K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /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%
$726,240
Cap Rate 7%
$518,743
Cap Rate 9%
$403,467
Alternative Uses
Best Use
Apartment 5plus
$518.7K
$453.9K – $605.2K
NOI $36,312 @ 7.0% cap · market cap 7.56%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$3.40M
$2.97M – $3.96M
NOI $237,790 @ 7.0% cap · market cap 49.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
80
Businesses Nearby
Explore this area
Business Placement
Demographics for 78573, TX
42,229
Population
13,339
Households
3.2
Avg Household Size
29
Median Age
15%
College-Educated
63%
High-School Grad
36.7 sq mi
ZIP Area
1,151
Density / Sq Mi
$51,185
Median Household Income
$27,730
Median Earnings
$909
Median Rent
$154,800
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?
Apartment building - Multifamily property with two-bedroom units and conveying kitchen and laundry appliances.
Where is this apartment building located?
The property is located at 8207 Silverado N Mission, TX.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Five‑unit apartment property in Mission; 4,510 square feet of combined property size; Two‑bedroom, one‑bathroom unit configuration
