Duplex with 3-Bedroom
For Sale
$489,000
9216 Cagnon Rd, San Antonio, TX 78252
Two separately arranged residences offer private outdoor areas, attached garages, and adaptable occupancy options.
Property Size2,702 SF
Price / SF$180.98
Days on Market9
Property Features for 9216 Cagnon Rd
General Information
Standard status
Active
Size
2,702 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$10,660
Listing Agency:
Redfin Corporation
(210) 899-5499
Listed By:
Jim Seifert
(210) 289-2015
Source:
Exprealty
Added: Aug 28
Changed: Sep 3
Last Checked: Sep 5 at 11:01AM
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 Redfin Corporation
Investment Insights
Based on property information with market context.
This duplex contains two independent residences, each measuring 1,351 square feet. Both interiors use open-plan layouts with generous living areas and kitchens designed with substantial counter and storage space. Each residence includes 3 bedrooms, 2 full bathrooms, and a 2-car garage, creating a consistent configuration across the property.
Outdoor space is provided through a private covered patio and backyard for each unit. Separate living areas support rental use, multigenerational occupancy, or an owner-occupied arrangement with additional household space. The property is positioned near Randolph Air Force Base, Loop 1604, I-10, shopping, dining, and everyday services.
Outdoor space is provided through a private covered patio and backyard for each unit. Separate living areas support rental use, multigenerational occupancy, or an owner-occupied arrangement with additional household space. The property is positioned near Randolph Air Force Base, Loop 1604, I-10, shopping, dining, and everyday services.
Key Highlights
- Two‑unit duplex totaling 2,702 square feet
- Each unit measures 1,351 square feet
- Both units include 3 bedrooms and 2 full bathrooms
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
$31,100
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
6.36%
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%
$622,000
$622.0K
Cap Rate 7%
$444,286
$444.3K
Cap Rate 9%
$345,556
$345.6K
Market Conditions
NOI Build-Up for 2,702 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
$47.0K $17.40/SF
− Vacancy
−$2.6K −$0.96/SF
EGI
$44.4K $16.44/SF
− OpEx
−$13.3K −$4.93/SF
NOI
$31.1K $11.51/SF
Area
San Antonio, TX
Vacancy
5.50%
Lease Rate
$17.40 /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%
$622,000
Cap Rate 7%
$444,286
Cap Rate 9%
$345,556
Alternative Uses
Best Use
Multifamily LT 5
$444.3K
$388.8K – $518.3K
NOI $31,100 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$394.3K
$345.0K – $460.0K
NOI $27,600 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$689.2K
$603.1K – $804.1K
NOI $48,246 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 78252, TX
17,156
Population
5,943
Households
2.9
Avg Household Size
30
Median Age
19%
College-Educated
80%
High-School Grad
28.1 sq mi
ZIP Area
611
Density / Sq Mi
$79,635
Median Household Income
$45,526
Median Earnings
$1,825
Median Rent
$242,000
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?
Duplex - Two separately arranged residences offer private outdoor areas, attached garages, and adaptable occupancy options.
Where is this duplex located?
The property is located at 9216 Cagnon Rd San Antonio, TX.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,702 square feet; Each unit measures 1,351 square feet; Both units include 3 bedrooms and 2 full bathrooms
