New Construction Fourplex Investment
For Sale
Contact for pricing
905 Hidden Hills Street, Mission, TX 78572
New construction fourplex with modern design and open-concept living.
Property Size4,210 SF
Price / SF$136.58
Days on Market781
Property Features for 905 Hidden Hills Street
General Information
Standard status
Active
Size
4,210 SF
Total Parking Spaces
8
Property subtype
Multifamily
Building Details
Year Built
2023
Buildings
2
Units
4
Listing Agency:
Keller Williams Realty RGV
Listed By:
Dendea Balli · License #TREC # 0598310
(956) 566-8377
Source:
Crexi
Added: Jul 24, 2024
Changed: Aug 27
Last Checked: Sep 12 at 4:23AM
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 Keller Williams Realty RGV
Investment Insights
Based on property information with market context.
This new construction fourplex presents an investment opportunity. The property features a modern design with open-concept living spaces, quartz counters, and tile flooring throughout. The property consists of two buildings, with a total of four units. Each building includes one 2-bedroom, 2-bathroom unit measuring 939 square feet and one 3-bedroom, 2-bathroom unit measuring 1,181 square feet. The total property size is 4,210 square feet.
Key Highlights
- Brand‑new construction (2023)
- Fourplex with two buildings and four units total
- Modern design with open‑concept living
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
$36,816
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
6.40%
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%
$736,320
$736.3K
Cap Rate 7%
$525,943
$525.9K
Cap Rate 9%
$409,067
$409.1K
Market Conditions
NOI Build-Up for 4,210 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
$59.1K $14.04/SF
− Vacancy
−$6.5K −$1.55/SF
EGI
$52.6K $12.49/SF
− OpEx
−$15.8K −$3.75/SF
NOI
$36.8K $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%
$736,320
Cap Rate 7%
$525,943
Cap Rate 9%
$409,067
Alternative Uses
Best Use
Multifamily LT 5
$525.9K
$460.2K – $613.6K
NOI $36,816 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$484.2K
$423.7K – $565.0K
NOI $33,897 @ 7.0% cap · market cap 5.90%
Theoretical Best
Hotel Hospitality
$3.17M
$2.77M – $3.70M
NOI $221,972 @ 7.0% cap · market cap 38.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Explore this area
Business Placement
Demographics for 78572, TX
78,280
Population
32,696
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
75%
High-School Grad
53.7 sq mi
ZIP Area
1,458
Density / Sq Mi
$54,029
Median Household Income
$30,004
Median Earnings
$900
Median Rent
$121,900
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?
Quadplex - New construction fourplex with modern design and open-concept living.
Where is this quadplex located?
The property is located at 905 Hidden Hills Street Mission, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Brand‑new construction (2023); Fourplex with two buildings and four units total; Modern design with open‑concept living
