Updated Duplex with Solar
For Sale
$269,999
1320 Briarwood Dr, Garland, TX 75041
Two-unit residential property with remodeled interiors, a large yard, and access to Garland-area neighboring cities.
Property Size1,118 SF
Price / SF$241.50
Days on Market29
Property Features for 1320 Briarwood Dr
General Information
Standard status
Active
Size
1,118 SF
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Amenities
solar panels
water treatment system
yard
Listing Agency:
Grey Square
Listed By:
Selling Dallas Stephens
(214) 239-2869
Source:
Exprealty
Added: Aug 6
Changed: Aug 24
Last Checked: Sep 2 at 12:04AM
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 Grey Square
Investment Insights
Based on property information with market context.
This duplex features updated interiors with tile, granite countertops, quality cabinetry, updated flooring, fixtures, a stove, built-in microwave, and refrigerator. Both mounted televisions convey unless the buyer or tenant requests their removal. The property also includes a RainSoft water treatment system and solar panels considered in annual operating expenses. A large yard provides outdoor space, while the two-unit layout offers flexibility for an owner-occupant or separate residential tenancy.
Located at 1320 Briarwood Dr in Garland, the property is minutes from I-635, with access to Dallas and Mesquite. The home has had one owner since its remodel and includes 1118 of property size.
Located at 1320 Briarwood Dr in Garland, the property is minutes from I-635, with access to Dallas and Mesquite. The home has had one owner since its remodel and includes 1118 of property size.
Key Highlights
- Duplex with 1118 property size
- Remodeled interiors with tile, granite countertops, cabinetry, and updated flooring
- Solar panels included and considered in annual expenses
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
$19,658
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
7.28%
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%
$393,160
$393.2K
Cap Rate 7%
$280,829
$280.8K
Cap Rate 9%
$218,422
$218.4K
Market Conditions
NOI Build-Up for 1,118 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
$31.3K $27.96/SF
− Vacancy
−$3.2K −$2.84/SF
EGI
$28.1K $25.12/SF
− OpEx
−$8.4K −$7.54/SF
NOI
$19.7K $17.58/SF
Area
Garland, 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%
$393,160
Cap Rate 7%
$280,829
Cap Rate 9%
$218,422
Alternative Uses
Best Use
Multifamily LT 5
$280.8K
$245.7K – $327.6K
NOI $19,658 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$242.9K
$212.5K – $283.3K
NOI $17,000 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$1.34M
$1.17M – $1.57M
NOI $93,906 @ 7.0% cap · market cap 34.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
Demographics for 75041, TX
32,219
Population
10,378
Households
3.1
Avg Household Size
33
Median Age
15%
College-Educated
70%
High-School Grad
7.9 sq mi
ZIP Area
4,078
Density / Sq Mi
$68,692
Median Household Income
$35,027
Median Earnings
$1,368
Median Rent
$214,600
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 - Two-unit residential property with remodeled interiors, a large yard, and access to Garland-area neighboring cities.
Where is this duplex located?
The property is located at 1320 Briarwood Dr Garland, TX.
What is the asking price?
The asking price for this property is $269,999.
What are key features of this property?
This property features: Duplex with 1118 property size; Remodeled interiors with tile, granite countertops, cabinetry, and updated flooring; Solar panels included and considered in annual expenses
