One-Story Duplex With Fenced
For Sale
$489,900
393 Orbit Drive, Lavon, TX 75166
Two-side, one-story duplex offers separate utility rooms, 2-car tandem garages, and private fenced back yards.
Property Size2,532 SF
Price / SF$193.48
Days on Market287
Property Features for 393 Orbit Drive
General Information
Standard status
Active
Size
2,532 SF
Total Parking Spaces
8
Property subtype
Multi-Family / Full Duplex
Occupancy
100%
Additional Details
Fenced Yard
Yes
Sprinkler System
Yes
Multifamily Units
2
Amenities
clubhouse
large community pool
splash pad
playground-park
fitness center
business center
private fenced back yards
Ceiling Fan(s), Central Air
Central
No
Carpet, Ceramic Tile
Dishwasher, Disposal
2532.0
Window Coverings
Built-in Features, Cable TV Available, Chandelier, Decorative Lighting, Eat-in Kitchen, High Speed Internet Available, Pantry, Tile Counters, Vaulted Ceiling(s), Walk-In Closet(s)
Composition
One
Back Yard, Wood
Covered Patio/Porch
1
Slab
Assessor
2
Frame, Siding
Covered, Front Porch, Patio
Building Details
Year Built
2011
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Ebby Halliday, Realtors
Listed By:
Johanna Mattox · License #0630948
(214) 532-2438
Source:
Compass
Added: Nov 24, 2025
Changed: Aug 8
Last Checked: Jul 23 at 5:31AM
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.
Listing is for the full duplex at 393-395 Orbit Dr., including both sides. The property is a one-story duplex configured as separate homes on either side, each featuring 3 bedrooms, 2 bathrooms, a separate utility room, and a single 2-car tandem garage. Interior features include wood-look tile flooring and upgraded fixtures, with tile kitchen countertops and backsplash.
Each unit also includes a private fenced back yard and the duplex has a full sprinkler system.
The duplex is located within the Grand Heritage West community, which includes access to a clubhouse, large community pool, splash pad, and playground/park areas, along with a fitness and business center. The community is close to Lavonia Park and provides access to Lake Lavon.
Each unit also includes a private fenced back yard and the duplex has a full sprinkler system.
The duplex is located within the Grand Heritage West community, which includes access to a clubhouse, large community pool, splash pad, and playground/park areas, along with a fitness and business center. The community is close to Lavonia Park and provides access to Lake Lavon.
Key Highlights
- Full duplex for sale: 393–395 Orbit Dr., including both sides
- One‑story 2‑unit duplex built in 2011 with 2‑car tandem garages on each side
- Each side offers 3 bedrooms, 2 bathrooms, a separate utility room, and a private fenced back yard
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
$44,521
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
9.09%
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%
$890,420
$890.4K
Cap Rate 7%
$636,014
$636.0K
Cap Rate 9%
$494,678
$494.7K
Market Conditions
NOI Build-Up for 2,532 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
$70.8K $27.96/SF
− Vacancy
−$7.2K −$2.84/SF
EGI
$63.6K $25.12/SF
− OpEx
−$19.1K −$7.54/SF
NOI
$44.5K $17.58/SF
Area
Collin County, 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%
$890,420
Cap Rate 7%
$636,014
Cap Rate 9%
$494,678
Alternative Uses
Best Use
Multifamily LT 5
$636.0K
$556.5K – $742.0K
NOI $44,521 @ 7.0% cap · market cap 9.09%
Second Best
Apartment 5plus
$550.0K
$481.3K – $641.7K
NOI $38,502 @ 7.0% cap · market cap 7.86%
Theoretical Best
Industrial
$2.52M
$2.20M – $2.94M
NOI $176,117 @ 7.0% cap · market cap 35.95%
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
Yes
Sprinkler system
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
91
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 - Two-side, one-story duplex offers separate utility rooms, 2-car tandem garages, and private fenced back yards.
Where is this duplex located?
The property is located at 393 Orbit Drive Lavon, TX.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Full duplex for sale: 393–395 Orbit Dr., including both sides; One‑story 2‑unit duplex built in 2011 with 2‑car tandem garages on each side; Each side offers 3 bedrooms, 2 bathrooms, a separate utility room, and a private fenced back yard
