Four-Unit Quadplex with Private
For Sale
$760,000
121-127 Sunburst Ct, Weatherford, TX 76087
Fenced outdoor areas serve each residence, while primary suites include private baths.
Property Size4,370 SF
Price / SF$173.91
Days on Market45
Property Features for 121-127 Sunburst Ct
General Information
Standard status
Active
Size
4,370 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Average Monthly Rent
$1,400
Multifamily Units
4
Building Details
Year Built
2009
Buildings
1
Listing Agency:
The Michael Group Real Estate
Listed By:
Angela Hague · License #0698538
(817) 577-9000
Source:
Christenberrygroup
Added: Jul 20
Changed: Aug 30
Last Checked: Sep 1 at 9:12PM
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 The Michael Group Real Estate
Investment Insights
Based on property information with market context.
This 4,370-square-foot quadplex contains four occupied residences on a 1+ acre parcel in Weatherford. Constructed in 2009, the property combines stained concrete in the living and kitchen areas with carpeted bedrooms. Each unit includes a kitchen equipped with a dishwasher, electric range, microwave, refrigerator, and electric water heater. Primary suites have private baths with showers and dual sinks, and central air supports interior comfort.
Individual chain-link enclosures define the outdoor areas for each residence, providing separate yard space. The property is located at 121-127 Sunburst Court in Weatherford, Texas. Lawn maintenance is handled by the landlord, and current lease end dates extend through October 2026 and February 2027.
Individual chain-link enclosures define the outdoor areas for each residence, providing separate yard space. The property is located at 121-127 Sunburst Court in Weatherford, Texas. Lawn maintenance is handled by the landlord, and current lease end dates extend through October 2026 and February 2027.
Key Highlights
- Four‑unit property is fully occupied
- 4,370 SF quadplex built in 2009
- Situated on a 1+ acre lot in Weatherford
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
$66,450
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
8.74%
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%
$1,329,000
$1.3M
Cap Rate 7%
$949,286
$949.3K
Cap Rate 9%
$738,333
$738.3K
Market Conditions
NOI Build-Up for 4,370 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
$135.3K $30.96/SF
− Vacancy
−$14.5K −$3.31/SF
EGI
$120.8K $27.65/SF
− OpEx
−$54.4K −$12.44/SF
NOI
$66.5K $15.21/SF
Area
Parker County, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
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%
$1,329,000
Cap Rate 7%
$949,286
Cap Rate 9%
$738,333
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$960.5K – $1.28M
NOI $76,840 @ 7.0% cap · market cap 10.11%
Second Best
Apartment 5plus
$949.3K
$830.6K – $1.11M
NOI $66,450 @ 7.0% cap · market cap 8.74%
Theoretical Best
Industrial
$4.34M
$3.80M – $5.07M
NOI $303,961 @ 7.0% cap · market cap 39.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
Business Placement
Demographics for 76087, TX
33,346
Population
13,290
Households
2.5
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
185.5 sq mi
ZIP Area
180
Density / Sq Mi
$108,499
Median Household Income
$59,622
Median Earnings
$1,775
Median Rent
$352,000
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?
Quadplex - Fenced outdoor areas serve each residence, while primary suites include private baths.
Where is this quadplex located?
The property is located at 121-127 Sunburst Ct Weatherford, TX.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Four‑unit property is fully occupied; 4,370 SF quadplex built in 2009; Situated on a 1+ acre lot in Weatherford
