Tenant-Occupied
For Sale
$405,000
3700 Country Club Drive West, Irving, TX 75038
Each unit includes three bedrooms, two full bathrooms, central air, and central natural-gas heating.
Property Size1,420 SF
Price / SF$285.21
Days on Market207
Property Features for 3700 Country Club Drive West
General Information
Standard status
Active
Size
1,420 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Full Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
Central Air, Electric
Central, Natural Gas
Carpet
Other
Cable TV Available
No
Composition
One
1
Slab
Public Records
2
Block
Building Details
Year Built
1981
Buildings
1
Listing Agency:
Elite4Realty, LLC
(323) 806-8777
Listed By:
Katsura Ito · License #0647411
(323) 806-8777
Source:
Compass
Added: Feb 5
Changed: Aug 30
Last Checked: Aug 30 at 3:44PM
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 Elite4Realty, LLC
Investment Insights
Based on property information with market context.
This duplex includes two residential units, with each side configured with 3 bedrooms and 2 full bathrooms. Both units are currently tenant occupied. Interior features include central air powered by electricity, central natural-gas heating, carpet, and cable TV availability.
The property is located at 3700 and 3702 Country Club Drive West in Irving, Texas. Constructed in 1981, the building has a composition exterior, slab foundation, and block construction elements.
The property is located at 3700 and 3702 Country Club Drive West in Irving, Texas. Constructed in 1981, the building has a composition exterior, slab foundation, and block construction elements.
Key Highlights
- Both units are tenant occupied
- Each side has 3 bedrooms and 2 full bathrooms
- Central air with electric service
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
$24,969
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
6.17%
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%
$499,380
$499.4K
Cap Rate 7%
$356,700
$356.7K
Cap Rate 9%
$277,433
$277.4K
Market Conditions
NOI Build-Up for 1,420 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
$39.7K $27.96/SF
− Vacancy
−$4.0K −$2.84/SF
EGI
$35.7K $25.12/SF
− OpEx
−$10.7K −$7.54/SF
NOI
$25.0K $17.58/SF
Area
Irving, TX
Vacancy
10.16%
Lease Rate
$27.96 /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%
$499,380
Cap Rate 7%
$356,700
Cap Rate 9%
$277,433
Alternative Uses
Best Use
Multifamily LT 5
$356.7K
$312.1K – $416.2K
NOI $24,969 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$308.5K
$269.9K – $359.9K
NOI $21,593 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$364.2K
$318.7K – $424.9K
NOI $25,492 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
850
Businesses Nearby
Explore this area
Business Placement
Demographics for 75038, TX
32,928
Population
15,385
Households
2.1
Avg Household Size
32
Median Age
45%
College-Educated
93%
High-School Grad
7.6 sq mi
ZIP Area
4,333
Density / Sq Mi
$69,013
Median Household Income
$47,093
Median Earnings
$1,467
Median Rent
$391,900
Median Home Value
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?
Duplex - Each unit includes three bedrooms, two full bathrooms, central air, and central natural-gas heating.
Where is this duplex located?
The property is located at 3700 Country Club Drive West Irving, TX.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Both units are tenant occupied; Each side has 3 bedrooms and 2 full bathrooms; Central air with electric service
