Leased Duplex with
For Sale
$360,000
4508 Halyard Court 4508-4512, Fort Worth, TX 76135
Occupied two-unit property with recent interior and exterior improvements, convenient access to shopping, dining, and 820.
Property Size2,056 SF
Price / SF$175.10
Days on Market26
Property Features for 4508 Halyard Court 4508-4512
General Information
Standard status
Active
Size
2,056 SF
Property subtype
Multi-Family
Building Details
Year Built
1985
Listing Agency:
Polo Club Management, Inc.
Listed By:
Tabbatha Costanza Konen · License #0459138
(817) 605-5911
Source:
Brandeekelley
Added: Aug 16
Changed: Sep 8
Last Checked: Sep 9 at 11:46PM
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 Polo Club Management, Inc.
Investment Insights
Based on property information with market context.
Built in 1985, this duplex contains two separately leased residences, each offering two bedrooms, two bathrooms, and a one-car garage. One side received new interior paint and carpet before a March 2023 tenant move-in, while the other has been occupied by the same tenant since June 2018. Both units are currently leased.
The exterior has been refreshed with full paint and wood replacement completed within the past two years. The property is located on Halyard Court in Fort Worth, with access to 820 and nearby shopping and dining. It is served by the Eagle Mountain-Saginaw school district. Tenant access is restricted, with showings permitted during the option period.
The exterior has been refreshed with full paint and wood replacement completed within the past two years. The property is located on Halyard Court in Fort Worth, with access to 820 and nearby shopping and dining. It is served by the Eagle Mountain-Saginaw school district. Tenant access is restricted, with showings permitted during the option period.
Key Highlights
- Two‑unit duplex with 2 bedrooms, 2 bathrooms, and a 1‑car garage per side
- Both units are leased
- New interior paint and carpet completed before March 2023 tenant move‑in
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
$31,264
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
8.68%
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%
$625,280
$625.3K
Cap Rate 7%
$446,629
$446.6K
Cap Rate 9%
$347,378
$347.4K
Market Conditions
NOI Build-Up for 2,056 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
$63.7K $30.96/SF
− Vacancy
−$6.8K −$3.31/SF
EGI
$56.8K $27.65/SF
− OpEx
−$25.6K −$12.44/SF
NOI
$31.3K $15.21/SF
Area
Fort Worth, 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%
$625,280
Cap Rate 7%
$446,629
Cap Rate 9%
$347,378
Alternative Uses
Best Use
Multifamily LT 5
$514.2K
$450.0K – $599.9K
NOI $35,996 @ 7.0% cap · market cap 10.00%
Second Best
Apartment 5plus
$446.6K
$390.8K – $521.1K
NOI $31,264 @ 7.0% cap · market cap 8.68%
Theoretical Best
Office A
$746.9K
$653.5K – $871.3K
NOI $52,280 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
Explore this area
Business Placement
Demographics for 76135, TX
22,009
Population
8,148
Households
2.7
Avg Household Size
37
Median Age
22%
College-Educated
90%
High-School Grad
25.6 sq mi
ZIP Area
860
Density / Sq Mi
$70,590
Median Household Income
$41,535
Median Earnings
$1,210
Median Rent
$250,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Occupied two-unit property with recent interior and exterior improvements, convenient access to shopping, dining, and 820.
Where is this duplex located?
The property is located at 4508 Halyard Court 4508-4512 Fort Worth, TX.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms, 2 bathrooms, and a 1‑car garage per side; Both units are leased; New interior paint and carpet completed before March 2023 tenant move‑in
