Complete Duplex with Fenced
For Sale
$674,900
400-402 Trailhead Lane, Denton, TX 76205
New, ready-to-close duplex with two 3-bed units, private 1-car garages, and fenced-in backyards.
Property Size3,336 SF
Price / SF$202.31
Days on Market38
Property Features for 400-402 Trailhead Lane
General Information
Standard status
Active
Size
3,336 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Additional Details
HOA Fee
$50
Amenities
private fenced-in backyard
Building Details
Building Size
3,336 SF
Year Built
2025
Buildings
1
Listing Agency:
HomesUSA.com
Listed By:
Ben Caballero · License #0096651
(888) 872-6006
Source:
Sociallivingre
Added: Jul 30
Changed: Aug 24
Last Checked: Sep 5 at 8:39AM
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 HomesUSA.com
Investment Insights
Based on property information with market context.
A complete duplex ready to close, built in 2025 by New Global. The property provides a total of 3,336 SF, with each half offering 1,668 SF. Each side features three bedrooms and 2.5 bathrooms, along with a 1-car garage with a private layout and a fenced-in backyard.
The community is described as investor friendly, and the home is positioned close to UNT and TWU. The remarks also note it is near retail, with 100 retail stores within 5 minutes. Dallas-Fort Worth Airport is described as about 27 miles away, with Downtown Dallas about 39 miles and Downtown Fort Worth about 35 miles.
Construction includes a 10-year structural warranty, plus a 2-year electrical and plumbing warranty. There is also a new appliance warranty and a 1-year builder warranty.
The community is described as investor friendly, and the home is positioned close to UNT and TWU. The remarks also note it is near retail, with 100 retail stores within 5 minutes. Dallas-Fort Worth Airport is described as about 27 miles away, with Downtown Dallas about 39 miles and Downtown Fort Worth about 35 miles.
Construction includes a 10-year structural warranty, plus a 2-year electrical and plumbing warranty. There is also a new appliance warranty and a 1-year builder warranty.
Key Highlights
- 3,336 SF total duplex with two equal halves
- 1,668 SF per half
- Each unit: 3 bedrooms and 2.5 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
$57,861
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
8.57%
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%
$1,157,220
$1.2M
Cap Rate 7%
$826,586
$826.6K
Cap Rate 9%
$642,900
$642.9K
Market Conditions
NOI Build-Up for 3,336 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
$92.9K $27.84/SF
− Vacancy
−$10.2K −$3.06/SF
EGI
$82.7K $24.78/SF
− OpEx
−$24.8K −$7.43/SF
NOI
$57.9K $17.34/SF
Area
Denton, TX
Vacancy
11.00%
Lease Rate
$27.84 /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%
$1,157,220
Cap Rate 7%
$826,586
Cap Rate 9%
$642,900
Alternative Uses
Best Use
Multifamily LT 5
$826.6K
$723.3K – $964.4K
NOI $57,861 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$724.7K
$634.1K – $845.5K
NOI $50,727 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$1.04M
$912.0K – $1.22M
NOI $72,959 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
Explore this area
Business Placement
Demographics for 76205, TX
18,969
Population
8,114
Households
2.3
Avg Household Size
29
Median Age
39%
College-Educated
88%
High-School Grad
8.3 sq mi
ZIP Area
2,285
Density / Sq Mi
$65,322
Median Household Income
$31,173
Median Earnings
$1,368
Median Rent
$307,900
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 - New, ready-to-close duplex with two 3-bed units, private 1-car garages, and fenced-in backyards.
Where is this duplex located?
The property is located at 400-402 Trailhead Lane Denton, TX.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: 3,336 SF total duplex with two equal halves; 1,668 SF per half; Each unit: 3 bedrooms and 2.5 bathrooms
