Updated Full Duplex
For Sale
$457,500
3040 Navarro Lane, Grand Prairie, TX 75052
Both units have recently been updated with new flooring, cabinets, countertops, appliances, and updated bathrooms.
Property Size2,802 SF
Price / SF$163.28
Days on Market172
Property Features for 3040 Navarro Lane
General Information
Standard status
Active
Size
2,802 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Full Duplex
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
2
Amenities
fireplace
covered patio
Central Air
Central, Fireplace(s), Natural Gas
Luxury Vinyl Plank
Dishwasher, Disposal, Electric Range, Microwave
Eat-in Kitchen, Open Floorplan
No
Composition
One
1
Slab
Owner
2
Brick
Building Details
Year Built
1984
Buildings
1
Listing Agency:
Post Oak Realty, LLC
(214) 215-1779
Listed By:
Wenqian Zhao · License #0671445
(214) 215-1779
Source:
Compass
Added: Feb 21
Changed: Aug 8
Last Checked: Jul 22 at 5:53AM
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 Post Oak Realty, LLC
Investment Insights
Based on property information with market context.
This full duplex offers two updated units with fresh paint throughout. Living rooms feature high ceilings and a fireplace, and each side includes a large closet and ample storage. Interior updates include new LVP flooring, new cabinets, quartz countertops, new appliances, and new vanities and toilets.
Outside, the property features a fenced yard with mature trees and a covered patio. There is an attached 1-car garage in the back with a wide driveway.
The location provides easy access to major highways, schools, and a shopping center. The duplex configuration supports either owner-occupant use or income-generating occupancy.
Outside, the property features a fenced yard with mature trees and a covered patio. There is an attached 1-car garage in the back with a wide driveway.
The location provides easy access to major highways, schools, and a shopping center. The duplex configuration supports either owner-occupant use or income-generating occupancy.
Key Highlights
- Full duplex with 2 units in a 1‑story brick building built in 1984
- Both units updated with new LVP flooring, new cabinets, quartz countertops, and new appliances
- Updated bathrooms including new vanities and toilets in both units
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
$27,803
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
6.08%
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%
$556,060
$556.1K
Cap Rate 7%
$397,186
$397.2K
Cap Rate 9%
$308,922
$308.9K
Market Conditions
NOI Build-Up for 2,802 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
$42.0K $15.00/SF
− Vacancy
−$2.3K −$0.83/SF
EGI
$39.7K $14.17/SF
− OpEx
−$11.9K −$4.25/SF
NOI
$27.8K $9.92/SF
Area
Grand Prairie, TX
Vacancy
5.50%
Lease Rate
$15.00 /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%
$556,060
Cap Rate 7%
$397,186
Cap Rate 9%
$308,922
Alternative Uses
Best Use
Multifamily LT 5
$397.2K
$347.5K – $463.4K
NOI $27,803 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$369.7K
$323.5K – $431.3K
NOI $25,880 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$787.8K
$689.3K – $919.1K
NOI $55,143 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
Explore this area
Business Placement
Demographics for 75052, TX
96,225
Population
33,386
Households
2.9
Avg Household Size
35
Median Age
33%
College-Educated
87%
High-School Grad
26.4 sq mi
ZIP Area
3,645
Density / Sq Mi
$87,320
Median Household Income
$48,619
Median Earnings
$1,680
Median Rent
$282,100
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 - Both units have recently been updated with new flooring, cabinets, countertops, appliances, and updated bathrooms.
Where is this duplex located?
The property is located at 3040 Navarro Lane Grand Prairie, TX.
What is the asking price?
The asking price for this property is $457,500.
What are key features of this property?
This property features: Full duplex with 2 units in a 1‑story brick building built in 1984; Both units updated with new LVP flooring, new cabinets, quartz countertops, and new appliances; Updated bathrooms including new vanities and toilets in both units
