Two-Story Duplex
For Sale
$489,000
375 Orbit Drive, Lavon, TX 75166
Full two-story duplex with both sides tenant occupied, offering residential income in Lavon.
Property Size2,724 SF
Price / SF$179.52
Days on Market118
Property Features for 375 Orbit Drive
General Information
Standard status
Active
Size
2,724 SF
Total Parking Spaces
8
Property subtype
Multi-Family / Full Duplex
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
resort-style pool
fitness center
clubhouse community center
playgrounds
parks
walking areas
Ceiling Fan(s), Central Air, Electric
Central, Electric
Carpet, Ceramic Tile
Dishwasher, Disposal, Electric Range, Microwave
Window Coverings
Cable TV Available, Decorative Lighting, High Speed Internet Available, Pantry, Tile Counters, Walk-In Closet(s)
No
Composition
Two
Back Yard, Wood
Covered Patio/Porch, Rain Gutters, Lighting, Private Yard
2
Slab
Assessor
Brick, Frame
Covered, Front Porch, Patio
Building Details
Year Built
2013
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Ebby Halliday, Realtors
Listed By:
Johanna Mattox · License #0630948
(214) 532-2438
Source:
Compass
Added: May 13
Changed: Aug 8
Last Checked: Jul 22 at 12:03PM
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 Ebby Halliday, Realtors
Investment Insights
Based on property information with market context.
This full two-story duplex includes two tenant-occupied sides, providing residential income through existing occupancy. The property is described as having comfortable living spaces and functional layouts on each side.
The duplex is located in Lavon, TX, in Collin County. The area is noted for access to community amenities including a resort-style pool, fitness center, clubhouse/community center, playgrounds, parks, and walking areas, along with proximity to schools, shopping, dining, and major commuter routes.
The offering is positioned as an investment with potential flexibility for an owner-occupant, while maintaining the ability to rent one or both sides based on future needs.
The duplex is located in Lavon, TX, in Collin County. The area is noted for access to community amenities including a resort-style pool, fitness center, clubhouse/community center, playgrounds, parks, and walking areas, along with proximity to schools, shopping, dining, and major commuter routes.
The offering is positioned as an investment with potential flexibility for an owner-occupant, while maintaining the ability to rent one or both sides based on future needs.
Key Highlights
- Full two‑story duplex in Lavon with 2 total units; both sides are currently tenant occupied
- Built in 2013 with brick and frame construction and slab foundation
- Each unit includes central electric HVAC, ceiling fans, and window coverings
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
$41,421
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
8.47%
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%
$828,420
$828.4K
Cap Rate 7%
$591,729
$591.7K
Cap Rate 9%
$460,233
$460.2K
Market Conditions
NOI Build-Up for 2,724 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
$84.3K $30.96/SF
− Vacancy
−$9.0K −$3.31/SF
EGI
$75.3K $27.65/SF
− OpEx
−$33.9K −$12.44/SF
NOI
$41.4K $15.21/SF
Area
Collin County, 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%
$828,420
Cap Rate 7%
$591,729
Cap Rate 9%
$460,233
Alternative Uses
Best Use
Multifamily LT 5
$684.2K
$598.7K – $798.3K
NOI $47,897 @ 7.0% cap · market cap 9.79%
Second Best
Apartment 5plus
$591.7K
$517.8K – $690.4K
NOI $41,421 @ 7.0% cap · market cap 8.47%
Theoretical Best
Industrial
$2.71M
$2.37M – $3.16M
NOI $189,471 @ 7.0% cap · market cap 38.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Explore this area
Business Placement
Demographics for 75166, TX
5,457
Population
2,186
Households
2.5
Avg Household Size
35
Median Age
36%
College-Educated
96%
High-School Grad
12.9 sq mi
ZIP Area
423
Density / Sq Mi
$129,130
Median Household Income
$60,916
Median Earnings
$1,780
Median Rent
$385,000
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?
Duplex - Full two-story duplex with both sides tenant occupied, offering residential income in Lavon.
Where is this duplex located?
The property is located at 375 Orbit Drive Lavon, TX.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Full two‑story duplex in Lavon with 2 total units; both sides are currently tenant occupied; Built in 2013 with brick and frame construction and slab foundation; Each unit includes central electric HVAC, ceiling fans, and window coverings
