9-Unit Apartment Building with
For Sale
Contact for pricing
4739 Gretna St, Dallas, TX 75207
Newly built, gated urban residences offer private balconies, top-floor offices, and proximity to Dallas’ Medical District.
Property Size17,052 SF
Price / SF$348.93
Days on Market195
Property Features for 4739 Gretna St
General Information
Standard status
Active
Size
17,052 SF
Class
A
Total Parking Spaces
18
Property subtype
Multifamily
Zoning
MU-3
Additional Details
Sprinkler System
Yes
Multifamily Units
1
Amenities
private balcony
gated community
landscaped grounds
ambient lighting
benches
Building Details
Year Built
2025
Buildings
2
Stories
4
Units
9
Listing Agency:
Krystal Womble Elite Realty
Listed By:
Krystal Womble · License #0574611
(972) 824-3872
Source:
Crexi
Added: Feb 20
Changed: Aug 30
Last Checked: Aug 31 at 8:51PM
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 Krystal Womble Elite Realty
Investment Insights
Based on property information with market context.
Completed in 2025, this nine-residence apartment property consists of modern four-story town homes with two bedrooms, two-and-a-half baths, and a private office on the top level. Each home includes an open living area, 10-foot ceilings, hardwood flooring, a kitchen with Thor appliances, and a private balcony oriented toward Downtown Dallas and the Trinity River. Primary suites feature spa-style baths with combined soaking tubs and walk-in wet areas, while guest bedrooms have vaulted ceilings.
The gated development is adjacent to Dallas’ Medical District, including UT Southwestern, Children’s Hospital, and Parkland. Downtown Dallas and Love Field Airport are also minutes away. Additional site features include landscaped grounds, exterior lighting, benches, and an automatic sprinkler system. The property is zoned MU-3.
The gated development is adjacent to Dallas’ Medical District, including UT Southwestern, Children’s Hospital, and Parkland. Downtown Dallas and Love Field Airport are also minutes away. Additional site features include landscaped grounds, exterior lighting, benches, and an automatic sprinkler system. The property is zoned MU-3.
Key Highlights
- Nine modern four‑story town homes completed in 2025
- Downtown Dallas and Trinity River views from private balconies
- Each residence includes 2 bedrooms, 2.5 baths, and a private top‑floor office
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
$259,293
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
4.36%
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%
$5,185,860
$5.2M
Cap Rate 7%
$3,704,186
$3.7M
Cap Rate 9%
$2,881,033
$2.9M
Market Conditions
NOI Build-Up for 17,052 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
$527.9K $30.96/SF
− Vacancy
−$56.5K −$3.31/SF
EGI
$471.4K $27.65/SF
− OpEx
−$212.1K −$12.44/SF
NOI
$259.3K $15.21/SF
Area
Dallas, 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%
$5,185,860
Cap Rate 7%
$3,704,186
Cap Rate 9%
$2,881,033
Alternative Uses
Best Use
Apartment 5plus
$3.70M
$3.24M – $4.32M
NOI $259,293 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$20.46M
$17.90M – $23.87M
NOI $1,432,270 @ 7.0% cap · market cap 24.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,107
Businesses Nearby
Explore this area
Business Placement
Demographics for 75207, TX
7,116
Population
2,465
Households
2.9
Avg Household Size
33
Median Age
30%
College-Educated
81%
High-School Grad
3.9 sq mi
ZIP Area
1,825
Density / Sq Mi
$84,149
Median Household Income
$45,903
Median Earnings
$1,789
Median Rent
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Newly built, gated urban residences offer private balconies, top-floor offices, and proximity to Dallas’ Medical District.
Where is this apartment building located?
The property is located at 4739 Gretna St Dallas, TX.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: Nine modern four‑story town homes completed in 2025; Downtown Dallas and Trinity River views from private balconies; Each residence includes 2 bedrooms, 2.5 baths, and a private top‑floor office
