Modern Uptown Living with Skyline
For Sale
$699,000
3210 Carlisle Street #65, Dallas, TX 75204
Multi-level end unit near Katy Trail with private rooftop terrace.
Property Size2,057 SF
Lot Size2.57 Acres
Days on Market402
Property Features for 3210 Carlisle Street #65
General Information
Standard status
Active
Size
2,057 SF
Lot size
2.57 Acres
Property subtype
Condominium
Amenities
Cable Ready
Multi Units
Ceiling Fan(s)
Heat Pump
Zoned
Central
Central Air
Some Gas Appliances
Built-In Gas Range
Built-In Refrigerator
Dishwasher
Disposal
Ice Maker
Microwave
Plumbed For Gas
Refrigerator
Tankless Water Heater
Vented Exhaust Fan
Deck, Patio, Sewer Available, Water Available, Cable Available, Built-Up, Flat
Building Details
Building Size
2,057 SF
Year Built
2006
Stories
3
Listing Agency:
Dallas Preston Road
Listed By:
DJ Mack · License #0702463
(214) 680-1479
Source:
Kw
Added: Aug 9, 2025
Changed: Sep 8
Last Checked: Sep 13 at 10:34AM
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 Dallas Preston Road
Investment Insights
Based on property information with market context.
This multi-level end unit offers a blend of modern design, walkability, and private outdoor space. The two-bedroom, three-bath home spans four levels. The open main living area features updated finishes, marble countertops, premium kitchen cabinetry, and stainless steel appliances. An updated half bath and office nook add to the functionality of this floor. The third-level primary suite offers treetop views and a spa-like bath with dual vanities, a soaking tub, separate shower, and a custom walk-in closet. The first-floor guest suite with full bath provides separation for visitors or can double as a quiet home office or flex space. The private rooftop terrace delivers skyline views.
Key Highlights
- Private rooftop terrace with sweeping skyline views.
- Prime location: steps from the Katy Trail and minutes from Knox Henderson and Turtle Creek.
- End unit with extra windows providing abundant natural light.
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
$31,279
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
4.47%
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%
$625,580
$625.6K
Cap Rate 7%
$446,843
$446.8K
Cap Rate 9%
$347,544
$347.5K
Market Conditions
NOI Build-Up for 2,057 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
$63.7K $30.96/SF
− Vacancy
−$6.8K −$3.31/SF
EGI
$56.9K $27.65/SF
− OpEx
−$25.6K −$12.44/SF
NOI
$31.3K $15.21/SF
Area
Dallas, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
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%
$625,580
Cap Rate 7%
$446,843
Cap Rate 9%
$347,544
Alternative Uses
Best Use
Apartment 5plus
$446.8K
$391.0K – $521.3K
NOI $31,279 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $172,776 @ 7.0% cap · market cap 24.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,715
Businesses Nearby
Explore this area
Business Placement
Demographics for 75204, TX
34,012
Population
23,304
Households
1.5
Avg Household Size
31
Median Age
70%
College-Educated
95%
High-School Grad
2.6 sq mi
ZIP Area
13,082
Density / Sq Mi
$93,007
Median Household Income
$71,995
Median Earnings
$1,822
Median Rent
$451,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Multi-level end unit near Katy Trail with private rooftop terrace.
Where is this apartment building located?
The property is located at 3210 Carlisle Street #65 Dallas, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Private rooftop terrace with sweeping skyline views.; Prime location: steps from the Katy Trail and minutes from Knox Henderson and Turtle Creek.; End unit with extra windows providing abundant natural light.
