Two-Unit Corner Lot
For Sale
$830,000
6260-6262 Lakeshore Drive, Dallas, TX 75214
1931 duplex with two units on a 50 x 150 corner lot, offering 1,718 square feet and a brand new survey.
Property Size1,718 SF
Lot Size0.17 Acres
Price / SF$483.12
Days on Market21
Property Features for 6260-6262 Lakeshore Drive
General Information
Standard status
Active
Size
1,718 SF
Lot size
0.17 Acres
Property subtype
Improved Land
Additional Details
Multifamily Units
2
Building Details
Year Built
1931
Listing Agency:
Allie Beth Allman & Assoc.
(214) 521-7355
Listed By:
Rene Jensen · License #0596809
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Jul 23
Changed: Aug 12
Last Checked: Aug 12 at 6:19AM
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 Allie Beth Allman & Assoc.
Investment Insights
Based on property information with market context.
Built in 1931, this two-unit duplex features separate addresses for 6260 and 6262 and totals 1,718 square feet. The property sits on a 50 x 150 corner lot and includes a brand new survey to support next steps.
Located on Lakeshore Drive in the Lakewood Heights area of East Dallas, the duplex is described as being a few blocks from Tietze Park and Pool and within close proximity to White Rock Lake, Lakewood shopping and dining, and Greenville Avenue.
The layout provides flexibility for buyers seeking to lease both units or pursue renovation and reconfiguration plans, subject to buyer verification and applicable city requirements.
Located on Lakeshore Drive in the Lakewood Heights area of East Dallas, the duplex is described as being a few blocks from Tietze Park and Pool and within close proximity to White Rock Lake, Lakewood shopping and dining, and Greenville Avenue.
The layout provides flexibility for buyers seeking to lease both units or pursue renovation and reconfiguration plans, subject to buyer verification and applicable city requirements.
Key Highlights
- 1931 duplex with two units at 6260 and 6262 Lakeshore Drive
- 50 x 150 corner lot with a total of 1,718 square feet
- Brand new survey available
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
$30,208
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
3.64%
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%
$604,160
$604.2K
Cap Rate 7%
$431,543
$431.5K
Cap Rate 9%
$335,644
$335.6K
Market Conditions
NOI Build-Up for 1,718 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
$48.0K $27.96/SF
− Vacancy
−$4.9K −$2.84/SF
EGI
$43.2K $25.12/SF
− OpEx
−$12.9K −$7.54/SF
NOI
$30.2K $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 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%
$604,160
Cap Rate 7%
$431,543
Cap Rate 9%
$335,644
Alternative Uses
Best Use
Multifamily LT 5
$431.5K
$377.6K – $503.5K
NOI $30,208 @ 7.0% cap · market cap 3.64%
Second Best
Apartment 5plus
$373.2K
$326.6K – $435.4K
NOI $26,124 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$2.06M
$1.80M – $2.41M
NOI $144,302 @ 7.0% cap · market cap 17.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,025
Businesses Nearby
Explore this area
Business Placement
Demographics for 75214, TX
35,664
Population
17,474
Households
2
Avg Household Size
37
Median Age
71%
College-Educated
95%
High-School Grad
7.3 sq mi
ZIP Area
4,885
Density / Sq Mi
$128,917
Median Household Income
$81,149
Median Earnings
$1,536
Median Rent
$707,400
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 - 1931 duplex with two units on a 50 x 150 corner lot, offering 1,718 square feet and a brand new survey.
Where is this duplex located?
The property is located at 6260-6262 Lakeshore Drive Dallas, TX.
What is the asking price?
The asking price for this property is $830,000.
What are key features of this property?
This property features: 1931 duplex with two units at 6260 and 6262 Lakeshore Drive; 50 x 150 corner lot with a total of 1,718 square feet; Brand new survey available
