Two-Unit Duplex with Granite
New
For Sale
$410,000
134 Shady Springs Drive, Runaway Bay, TX 76426
ResidentialIncome, Runaway Bay, TX
Property Size2,900 SF
Lot Size0.23 Acres
Price / SF$141.38
Days on Market7
Property Features for 134 Shady Springs Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 2, Bedroom 8, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 5, Bathroom 3, Bedroom 7, Bedroom 6
Parking
4
Parking features
Driveway
Patio and Porch features
Patio
Interior features
BuiltInFeatures, DecorativeDesignerLightingFixtures, GraniteCounters, KitchenIsland, OpenFloorplan, Pantry, WalkInClosets
Exterior features
RainGutters
Appliances
Dishwasher, ElectricRange, Microwave
Subdivision
Runaway Bay Unit 7A
Lot features
Acreage, Interior Lot
Elementary school
Jacksboro
Middle school
Jacksboro
High school
Jacksboro
Elementary school district
Jacksboro ISD
Middle school district
Jacksboro ISD
High school district
Jacksboro ISD
Directions
From Bridgeport take US-380 W, turn right onto Jasper Creek, turn onto Shady Springs Drive, continue to 134 Shady Springs Dr. The property will be on the right side of the road.
Standard status
Active
APN
790204
Size
2,900 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
Lot 9 Blk 4 SUBD: Runaway Bay unit 7A
Legal Description
Lot 9 Blk 4 SUBD: Runaway Bay unit 7A
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
2026
Floors in Building
1
Number of units
2
Flooring type
Laminate
Roof type
Composition
Listing Agency:
House Brokerage
(817) 718-2202
Listed By:
Jasmine Sellers
(888) 455-6040
Added: Sep 15
Changed: Sep 18
Last Checked: Sep 21 at 11:06PM
MLS# 21384030
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,900-square-foot duplex on a 0.23-acre lot is being developed with two distinct residences identified as Suite 100 and Suite 200. Each unit includes a kitchen with granite countertops, an island, pantry, electric range, dishwasher, and microwave. Granite counters also extend into the bathrooms, while laminate flooring, walk-in closets, central heating and cooling, decorative lighting, and an open floor plan add practical interior features. Each suite includes bedrooms and two bathrooms, with room details varying across the property.
The property is located at 134 Shady Springs Drive in Runaway Bay, Texas. City-provided water and public sewer serve the property. Additional features include a composition roof, driveway parking, patio space, and rain gutters. The property condition is listed as under construction, with a 2026 year built designation.
The property is located at 134 Shady Springs Drive in Runaway Bay, Texas. City-provided water and public sewer serve the property. Additional features include a composition roof, driveway parking, patio space, and rain gutters. The property condition is listed as under construction, with a 2026 year built designation.
Key Highlights
- Two separate suites: Suite 100 and Suite 200
- 2,900 square feet on a 0.23‑acre lot
- Granite countertops in kitchens and 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
$21,846
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
5.33%
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%
$436,920
$436.9K
Cap Rate 7%
$312,086
$312.1K
Cap Rate 9%
$242,733
$242.7K
Market Conditions
NOI Build-Up for 2,900 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
$35.1K $12.12/SF
− Vacancy
−$3.9K −$1.36/SF
EGI
$31.2K $10.76/SF
− OpEx
−$9.4K −$3.23/SF
NOI
$21.8K $7.53/SF
Area
Wise County, TX
Vacancy
11.21%
Lease Rate
$12.12 /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%
$436,920
Cap Rate 7%
$312,086
Cap Rate 9%
$242,733
Alternative Uses
Best Use
Multifamily LT 5
$312.1K
$273.1K – $364.1K
NOI $21,846 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$271.3K
$237.4K – $316.5K
NOI $18,992 @ 7.0% cap · market cap 4.63%
Theoretical Best
Hotel Hospitality
$2.18M
$1.91M – $2.55M
NOI $152,903 @ 7.0% cap · market cap 37.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 76426, TX
11,727
Population
4,435
Households
2.6
Avg Household Size
39
Median Age
23%
College-Educated
82%
High-School Grad
130.9 sq mi
ZIP Area
90
Density / Sq Mi
$84,759
Median Household Income
$40,995
Median Earnings
$1,172
Median Rent
$257,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Under-construction duplex with two suites, upgraded kitchens, public utilities, and convenient individual living or leasing flexibility.
Where is this duplex located?
The property is located at 134 Shady Springs Drive Runaway Bay, TX.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Two separate suites: Suite 100 and Suite 200; 2,900 square feet on a 0.23‑acre lot; Granite countertops in kitchens and bathrooms
