Duplex with Three-Bedroom
New
For Sale
$535,000
10040 Glenrio Lane, Dallas, TX 75229
Each residence offers three bedrooms and two bathrooms, with tenants in place since 2020.
Property Size2,750 SF
Days on Market6
Property Features for 10040 Glenrio Lane
General Information
Standard status
Active
Size
2,750 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$10,583
Building Details
Building Size
2,750 SF
Year Built
1972
Tenancy
Multi
Listing Agency:
Seeto Realty
Listed By:
Michael Seeto · License #0496025
(972) 980-9393
Source:
Nilesrealtygroup
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 7 at 3:59PM
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 Seeto Realty
Investment Insights
Based on property information with market context.
This duplex, built in 1972, contains two residences, each configured with three bedrooms and two bathrooms. Both units have tenants whose occupancy dates to 2020.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- Built in 1972
- Tenants in place since 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,355
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,100
$967.1K
Cap Rate 7%
$690,786
$690.8K
Cap Rate 9%
$537,278
$537.3K
Market Conditions
NOI Build-Up for 2,750 SF
Gross rent
$76.9K $27.96/SF
− Vacancy
−$7.8K −$2.84/SF
EGI
$69.1K $25.12/SF
− OpEx
−$20.7K −$7.54/SF
NOI
$48.4K $17.58/SF
Area
Dallas, TX
Vacancy
10.16%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,100
Cap Rate 7%
$690,786
Cap Rate 9%
$537,278
Alternative Uses
Best Use
Multifamily LT 5
$690.8K
$604.4K – $805.9K
NOI $48,355 @ 7.0% cap · market cap 9.04%
Second Best
Apartment 5plus
$597.4K
$522.7K – $697.0K
NOI $41,817 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M
NOI $230,984 @ 7.0% cap · market cap 43.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Explore this area
Business Placement
Demographics for 75229, TX
33,168
Population
12,542
Households
2.6
Avg Household Size
37
Median Age
50%
College-Educated
81%
High-School Grad
12.4 sq mi
ZIP Area
2,675
Density / Sq Mi
$121,381
Median Household Income
$52,169
Median Earnings
$1,522
Median Rent
$598,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms and two bathrooms, with tenants in place since 2020.
Where is this duplex located?
The property is located at 10040 Glenrio Lane Dallas, TX.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; Built in 1972; Tenants in place since 2020
