New Construction
For Sale
$799,900
19948 County Road 4118, Lindale, TX 75771
Each residence includes a garage, dedicated laundry room, and open-concept living area.
Property Size6,624 SF
Price / SF$120.76
Days on Market435
Property Features for 19948 County Road 4118
General Information
Standard status
Active
Size
6,624 SF
Total Parking Spaces
4
Property subtype
Multi Family
Zoning
Planned Unit Residential
Units
Unit Mix
4 x 2BR/2.5BA
Multifamily Units
4
Parking per Unit
1
Amenities
laundry room
2 Stories
Central Electric
Vinyl Plank
Composition
Concrete
Slab
Brick Veneer, Concrete Based Siding
Building Details
Year Built
2025
Buildings
1
Units
4
Listing Agency:
Century 21 First Group - Lindale
(903) 920-3868
Listed By:
Nick Allegretto · License #0617733
Source:
Compass
Added: Jun 23, 2025
Changed: Aug 30
Last Checked: Aug 30 at 11:58PM
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 Century 21 First Group - Lindale
Investment Insights
Based on property information with market context.
Completed in 2025, this two-story quadplex contains four residences totaling 6,624 square feet. Each unit measures 1,656 square feet and includes two bedrooms, 2.5 baths, a one-car garage, and a dedicated laundry room. Open-concept interiors feature vinyl plank flooring, central electric service, and storage-focused layouts. Exterior construction includes brick veneer and concrete-based siding over a slab foundation.
The property is located on County Road 4118 on the north side of Lindale, Texas, within Lindale ISD. Planned Unit Residential zoning is in place. The configuration offers four separately designed residences within one recently completed multifamily property.
The property is located on County Road 4118 on the north side of Lindale, Texas, within Lindale ISD. Planned Unit Residential zoning is in place. The configuration offers four separately designed residences within one recently completed multifamily property.
Key Highlights
- Four‑unit quadplex completed in 2025
- 6,624 SF total property size with 1,656 SF per unit
- Each unit offers 2 bedrooms and 2.5 baths
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
$57,245
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
7.16%
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%
$1,144,900
$1.1M
Cap Rate 7%
$817,786
$817.8K
Cap Rate 9%
$636,056
$636.1K
Market Conditions
NOI Build-Up for 6,624 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
$89.4K $13.50/SF
− Vacancy
−$7.6K −$1.15/SF
EGI
$81.8K $12.35/SF
− OpEx
−$24.5K −$3.70/SF
NOI
$57.2K $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 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%
$1,144,900
Cap Rate 7%
$817,786
Cap Rate 9%
$636,056
Alternative Uses
Best Use
Multifamily LT 5
$817.8K
$715.6K – $954.1K
NOI $57,245 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$710.4K
$621.6K – $828.8K
NOI $49,730 @ 7.0% cap · market cap 6.22%
Theoretical Best
Hotel Hospitality
$4.99M
$4.37M – $5.82M
NOI $349,250 @ 7.0% cap · market cap 43.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Explore this area
Business Placement
Demographics for 75771, TX
21,870
Population
9,241
Households
2.4
Avg Household Size
41
Median Age
29%
College-Educated
91%
High-School Grad
146.1 sq mi
ZIP Area
150
Density / Sq Mi
$90,112
Median Household Income
$48,088
Median Earnings
$1,318
Median Rent
$266,000
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?
Quadplex - Each residence includes a garage, dedicated laundry room, and open-concept living area.
Where is this quadplex located?
The property is located at 19948 County Road 4118 Lindale, TX.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Four‑unit quadplex completed in 2025; 6,624 SF total property size with 1,656 SF per unit; Each unit offers 2 bedrooms and 2.5 baths
