706 Thompson Road Mission, TX 78573
Four-unit property with modern amenities and excellent rental history.
Property Features for 706 Thompson Road
General Information
- Standard status
- Active
- Size
- 3,266 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2021
Listing office Bryan Bjerke - Office
Listing date Mar 14, 2024
Source Crexi
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 Bryan Bjerke - Office
Investment Insights
Based on property information with market context.
Key Highlights
- Income‑producing property with excellent rental history.
- Fully rented, ensuring immediate cash flow.
- Relatively new construction (built in 2021) with recent updates (1‑year‑old shingles and paint).
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.9k | $14.04 |
| − Vacancy | −$5.1k | −$1.55 |
| EGI | $40.8k | $12.49 |
| − OpEx | −$12.2k | −$3.75 |
| NOI | $28.6k | $8.74 |
