Two-Unit Duplex with Leased
New
For Sale
$399,999
414 N 5th Street #412, Gunter, TX 75058
Built in 2003 with both residences leased through August 31, 2027.
Property Size2,348 SF
Price / SF$170.36
Days on Market2
Property Features for 414 N 5th Street #412
General Information
Standard status
Active
Size
2,348 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
2003
Buildings
1
Tenancy
Multi
Listing Agency:
OmniKey Realty, LLC.
(972) 480-8280
Listed By:
Bernard Bell · License #0718117
(305) 998-9922
Source:
Lonestarluxuryrealty
Added: Sep 12
Last Checked: Sep 12 at 2:45PM
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 OmniKey Realty, LLC.
Investment Insights
Based on property information with market context.
This duplex contains approximately 2,348 total square feet across two residential units and was built in 2003. Each side provides a separate living arrangement, supporting continued rental use or occupancy by an owner and another household.
Both units are currently leased through 8-31-27. The property is situated near central Gunter, with access to local schools, shopping, dining, and major routes. Sherman, Frisco, and other North Texas destinations are within convenient driving distance.
Both units are currently leased through 8-31-27. The property is situated near central Gunter, with access to local schools, shopping, dining, and major routes. Sherman, Frisco, and other North Texas destinations are within convenient driving distance.
Key Highlights
- Two‑unit duplex with approximately 2,348 total square feet
- Constructed in 2003
- Unit #412 leased through 8‑31‑27
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
$17,999
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
4.50%
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%
$359,980
$360.0K
Cap Rate 7%
$257,129
$257.1K
Cap Rate 9%
$199,989
$200.0K
Market Conditions
NOI Build-Up for 2,348 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
$29.0K $12.36/SF
− Vacancy
−$3.3K −$1.41/SF
EGI
$25.7K $10.95/SF
− OpEx
−$7.7K −$3.29/SF
NOI
$18.0K $7.67/SF
Area
Grayson County, TX
Vacancy
11.40%
Lease Rate
$12.36 /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%
$359,980
Cap Rate 7%
$257,129
Cap Rate 9%
$199,989
Alternative Uses
Best Use
Multifamily LT 5
$257.1K
$225.0K – $300.0K
NOI $17,999 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$227.9K
$199.5K – $265.9K
NOI $15,956 @ 7.0% cap · market cap 3.99%
Theoretical Best
Hotel Hospitality
$1.20M
$1.05M – $1.41M
NOI $84,317 @ 7.0% cap · market cap 21.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
Explore this area
Business Placement
Demographics for 75058, TX
3,799
Population
1,265
Households
3
Avg Household Size
37
Median Age
47%
College-Educated
86%
High-School Grad
53.8 sq mi
ZIP Area
71
Density / Sq Mi
$117,689
Median Household Income
$40,000
Median Earnings
$1,398
Median Rent
$467,400
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
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Frequently Asked Questions
What type of property is this?
Duplex - Built in 2003 with both residences leased through August 31, 2027.
Where is this duplex located?
The property is located at 414 N 5th Street #412 Gunter, TX.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Two‑unit duplex with approximately 2,348 total square feet; Constructed in 2003; Unit #412 leased through 8‑31‑27
