Two-Level Mixed-Use
New
For Sale
$499,999
1400 N Las Vegas Trail #114 114, White Settlement, TX 76108
Garage-oriented space pairs vehicle accommodation with an upper-level living area and private balcony.
Property Size1,904 SF
Price / SF$262.60
Days on Market5
Property Features for 1400 N Las Vegas Trail #114 114
General Information
Standard status
Active
Size
1,904 SF
Property subtype
CommercialSale
Additional Details
Asking Price
$499,999
Highway Access
Yes
Amenities
smart home automation
premium sound system
indoor basketball hoop
private balcony
Listing Agency:
Compass RE Texas, LLC
(214) 814-8100
Listed By:
John Zimmerman · License #0437098
Source:
Pinkston-harris
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 29 at 8:06PM
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 Compass RE Texas, LLC
Investment Insights
Based on property information with market context.
This 1,904-square-foot, two-level autominium combines a garage-style lower floor with an upper-level living area. The open layout includes smart home automation, a premium sound system, and an indoor basketball hoop. The main level is configured for vehicles, hobbies, and entertaining, while the upper floor provides space for relaxation or guests. A private balcony adds outdoor space to the residence.
Located at 1400 N Las Vegas Trail in White Settlement, the property is positioned near major highways and area amenities. Its mixed-use configuration and combination of vehicle-oriented space, living areas, entertainment features, and modern finishes create a distinctive property format.
Located at 1400 N Las Vegas Trail in White Settlement, the property is positioned near major highways and area amenities. Its mixed-use configuration and combination of vehicle-oriented space, living areas, entertainment features, and modern finishes create a distinctive property format.
Key Highlights
- 1,904‑square‑foot, two‑level autominium
- Garage‑style main level accommodates vehicles, hobbies, and entertaining
- Upper‑level living area with private balcony
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
$26,389
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
5.28%
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%
$527,780
$527.8K
Cap Rate 7%
$376,986
$377.0K
Cap Rate 9%
$293,211
$293.2K
Market Conditions
NOI Build-Up for 1,904 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
$45.7K $24.00/SF
− Vacancy
−$10.5K −$5.52/SF
EGI
$35.2K $18.48/SF
− OpEx
−$8.8K −$4.62/SF
NOI
$26.4K $13.86/SF
Area
ZIP 76108
Vacancy
23.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$527,780
Cap Rate 7%
$376,986
Cap Rate 9%
$293,211
Alternative Uses
Best Use
Office B
$377.0K
$329.9K – $439.8K
NOI $26,389 @ 7.0% cap · market cap 5.28%
Second Best
Mixed Use
$359.0K
$314.2K – $418.9K
NOI $25,133 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$502.7K
$439.8K – $586.4K
NOI $35,186 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Explore this area
Business Placement
Demographics for 76108, TX
46,170
Population
18,031
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
89%
High-School Grad
43.1 sq mi
ZIP Area
1,071
Density / Sq Mi
$78,471
Median Household Income
$44,235
Median Earnings
$1,418
Median Rent
$238,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Garage-oriented space pairs vehicle accommodation with an upper-level living area and private balcony.
Where is this mixed-use property located?
The property is located at 1400 N Las Vegas Trail #114 114 White Settlement, TX.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: 1,904‑square‑foot, two‑level autominium; Garage‑style main level accommodates vehicles, hobbies, and entertaining; Upper‑level living area with private balcony
