Building Details

Year Built 2016

Construction brick

Listing Agency: Prestige Realty

Listed By: Thomas Ogg

Source: Searsrealty

Added: Oct 13 Changed: Nov 1 Last Checked: Nov 1 at 3:46PM

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Investment Insights

Based on property information with market context.

This 2016 duplex has a brick exterior and custom interior details, including stained concrete flooring, crown molding, and arched openings. The kitchen features custom cabinetry, granite countertops, a tile backsplash, and stainless steel appliances. The remarks describe a two-bedroom, two-bath residence with connected common areas, a one-car garage, and a yard.

Key Highlights

• Built in 2016 with a brick exterior
• Kitchen has custom cabinetry, granite countertops, tile backsplash, and stainless steel appliances
• Stained concrete floors, crown molding, and arched openings

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,148

Cap Rate

5.42%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$362,960 $363.0K

Cap Rate 7%

$259,257 $259.3K

Cap Rate 9%

$201,644 $201.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,100 SF

Gross rent

$28.4K $13.50/SF

− Vacancy

−$2.4K −$1.15/SF

EGI

$25.9K $12.35/SF

− OpEx

−$7.8K −$3.70/SF

NOI

$18.1K $8.64/SF

Area

Smith County, TX

Vacancy

8.55%

Lease Rate

$13.50 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$362,960

Cap Rate 7%

$259,257

Cap Rate 9%

$201,644

Alternative Uses

Best Use

Multifamily LT 5

$259.3K

$226.9K – $302.5K (±1% cap)

NOI $18,148 @ 7.0% cap · market cap 5.42%

Second Best

Apartment 5plus

$225.2K

$197.1K – $262.8K (±1% cap)

NOI $15,766 @ 7.0% cap · market cap 4.71%

Theoretical Best

Hotel Hospitality

$1.58M

$1.38M – $1.85M (±1% cap)

NOI $110,723 @ 7.0% cap · market cap 33.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

6

Businesses Nearby

Explore this area Business Placement

Demographics for 75792, TX

3,595

Population

1,434

Households

2.5

Avg Household Size

43

Median Age

11%

College-Educated

87%

High-School Grad

80.1 sq mi

ZIP Area

45

Density / Sq Mi

$53,173

Median Household Income

$33,429

Median Earnings

$1,112

Median Rent

$140,900

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Completed in 2016, the property features stained concrete floors, crown molding, and arched interior openings.

Where is this duplex located?

The property is located at 14254 Timberidge Ln Winona, TX.

What is the asking price?

The asking price for this property is $335,000.

What are key features of this property?

This property features: Built in 2016 with a brick exterior; Kitchen has custom cabinetry, granite countertops, tile backsplash, and stainless steel appliances; Stained concrete floors, crown molding, and arched openings