Building Details

Building Size 2,424 SF

Year Built 1999

Stories 2

Units 2

Listing Agency: Ebby Halliday Realtors d***@debbiefrench.com Show Phone

Listed By: Debbie French · License #0529891 Show Phone

Source: Signaturere

Added: Apr 22 Changed: Aug 8 Last Checked: Aug 10 at 10:48AM

Report an Issue

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 duplex property is located in Trinidad and features recent remodeling. Situated on over 3 acres of land, the property includes a two-car garage. An RV pad with electric hook-up is also present. The 3.5-acre lot offers the potential to add more RV sites. Located on State Highway 274, the property benefits from high visibility and proximity to Cedar Creek Lake. The property is approximately 75 miles from Dallas. The property size is 2424 square feet.

Key Highlights

• High income potential as a duplex with additional RV pad income.
• Large 3.5‑acre lot allows for expansion of RV sites.
• Recently remodeled duplex units are new, clean, and large.

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

$19,990

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

5.00%

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%

$399,800 $399.8K

Cap Rate 7%

$285,571 $285.6K

Cap Rate 9%

$222,111 $222.1K

Market Conditions

NOI Build-Up for 2,424 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

$30.5K $12.60/SF

− Vacancy

−$2.0K −$0.82/SF

EGI

$28.6K $11.78/SF

− OpEx

−$8.6K −$3.53/SF

NOI

$20.0K $8.25/SF

Area

Henderson County, TX

Vacancy

6.50%

Lease Rate

$12.60 /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%

$399,800

Cap Rate 7%

$285,571

Cap Rate 9%

$222,111

Alternative Uses

Best Use

Multifamily LT 5

$285.6K

$249.9K – $333.2K (±1% cap)

NOI $19,990 @ 7.0% cap · market cap 5.00%

Second Best

Apartment 5plus

$247.4K

$216.5K – $288.6K (±1% cap)

NOI $17,317 @ 7.0% cap · market cap 4.33%

Theoretical Best

Office A

$852.7K

$746.1K – $994.8K (±1% cap)

NOI $59,689 @ 7.0% cap · market cap 14.92%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Building Supply Auto Repair Shop Dental Office Travel Agency Department Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

7

Businesses Nearby

Explore this area Business Placement

Demographics for 75163, TX

2,317

Population

1,596

Households

1.5

Avg Household Size

54

Median Age

15%

College-Educated

89%

High-School Grad

33.9 sq mi

ZIP Area

68

Density / Sq Mi

$57,989

Median Household Income

$36,815

Median Earnings

$950

Median Rent

$192,600

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Frequently Asked Questions

What type of property is this?

Duplex - Remodeled duplex on 3+ acres near Cedar Creek Lake.

Where is this duplex located?

The property is located at 4582 State Highway 274 Trinidad, TX.

What is the asking price?

The asking price for this property is $400,000.

What are key features of this property?

This property features: High income potential as a duplex with additional RV pad income.; Large 3.5‑acre lot allows for expansion of RV sites.; Recently remodeled duplex units are new, clean, and large.