Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    208 Lauryn Dr San Juan, TX 78589

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    208 Lauryn Dr San Juan, TX 78589

    View on Map
    • Apartment buildings
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 208 Lauryn Dr

    Year built
    2023
    Property type
    Apartment buildings
    Property subtype
    Small apartment buildings

    Description

    This exceptional investment property, located at 208 Lauryn Drive in the desirable Christian Estates subdivision of San Juan, Texas (zip code 78589), presents a rare opportunity. The property consists of two buildings, each housing two modern apartment units. Construction is brand new, with a completion date anticipated within approximately three months. The four units are comprised of two three-bedroom, two-bathroom units and two two-bedroom, two-bathroom units. Each unit boasts a spacious kitchen featuring ample cabinetry and granite countertops. Bedrooms are generously sized and include large closets. Residents enjoy the convenience of two carport spaces per unit and a fenced backyard. All units will be equipped with a range/oven, refrigerator, and washer/dryer. The asking price for this fully leased, turnkey investment is $530,000. This property is situated in Hidalgo County, Texas, at coordinates 26.2284619 latitude and -98.1528051 longitude. This is an ideal investment for those seeking a strong return in a rapidly growing market. Don't miss this chance to acquire a high-quality, income-producing asset.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    San Juan
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1528
    Latitude
    26.2285

    Comparable in this City

    • Value Estimation by Request

      300 Amy Dr

      Multifamily properties
      300 Amy Dr, San Juan, TX 78589
      View Details
    • Value Estimation by Request
      4,120 SF

      104 Lauryn Dr

      Multifamily properties • 4,120 SF
      104 Lauryn Dr, San Juan, TX 78589
      View Details
    • Value Estimation by Request

      916 13Th St

      Multifamily properties
      916 13Th St, San Juan, TX 78589
      View Details
    • Value Estimation by Request
      4,044 SF

      1106 Copper Ave

      Multifamily properties • 4,044 SF
      1106 Copper Ave, San Juan, TX 78589
      View Details
    • Value Estimation by Request

      200 4Th St

      Multifamily properties
      200 4Th St, San Juan, TX 78589
      View Details
    • Value Estimation by Request

      303 Ridge Ln

      Multifamily properties
      303 Ridge Ln, San Juan, TX 78589
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,972 SF

      Multifamily Property Investment Opportunity

      Two buildings with seven units, great investment opportunity.
      5105 N Raul Longoria Rd, San Juan, TX 78589
      View Details
    • Contact for pricing
      3,789 SF

      New Alamo Fourplex Investment Opportunity

      New construction fourplex with modern finishes in Alamo, Texas.
      916 13Th St, Alamo, TX 78589
      View Details
    • $525,000
      4,322 SF

      Modern Fourplex in San Juan

      Contemporary four-unit multifamily property in a desirable location.
      1700 Angelina Dr, San Juan, TX 78589
      View Details
    • $509,000
      4,456 SF

      San Juan Fourplex Investment Opportunity

      Fourplex in San Juan, TX, with strong rental income potential.
      405 Rafael Dr, San Juan, TX 78589
      View Details

    Similar Nearby for Lease

    • $230 SF/Yr
      26 SF

      Raul Longoria Road Food Truck Park

      Prime Food Truck Spaces Available
      00 Raul Longoria Rd, San Juan, TX 78589
      View Details
    • Contact for pricing
      2,400 SF

      Move-in Ready San Benito Office

      Well-maintained 2,400 SF office suite in San Benito, TX.
      2489 400, San Benito, TX 78589
      View Details
    • Contact for pricing

      Land For Lease

      Commercial land available for lease.
      501 Cesar Chavez Rd, San Juan, TX 78589
      View Details
    • Contact for pricing
      393,700 SF

      Industrial Park at Trade Focal Point

      Master-planned industrial park at the intersection of international trade.
      Intersection Of Military Hwy & San Juan Rd, Pharr, TX 78589
      View Details
    • $14 SF/Yr

      San Juan Commercial Property ForRent

      Commercial property with excellent visibility and high traffic.
      801 E Interstate Hwy 2, San Juan, TX 78589
      View Details
    • $15 SF/Yr
      23,700 SF

      San Juan Retail Space Available

      Retail space for lease in a revitalized San Juan center.
      1618 N Veterans Blvd, San Juan, TX 78589
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    208 Lauryn Dr
    San Juan, TX 78589
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!