Gated Duplex
New
For Sale
$790,000
4832 - 4834 Pinemont Drive, Houston, TX 77092
Two residences offer contemporary finishes, gourmet kitchens, and Samsung appliances within a gated community.
Property Size4,008 SF
Days on Market7
Property Features for 4832 - 4834 Pinemont Drive
General Information
Standard status
Active
Size
4,008 SF
Property subtype
Multi Family,Duplex
Amenities
gated community
Building Details
Building Size
4,008 SF
Year Built
2026
Listing Agency:
New Age
(713) 373-7401
Listed By:
Ashwin Kewalramani · License #0700464
(713) 373-7401
Source:
Mpowerrealtygroup
Added: Aug 18
Changed: Aug 24
Last Checked: Aug 23 at 9:11AM
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 New Age
Investment Insights
Based on property information with market context.
This duplex property includes two residences designed with contemporary interiors and detailed finish packages. The homes feature flooring, gourmet kitchens, and Samsung appliances, with each residence incorporating a modern design approach. Construction is identified for 2026.
The property is located within the Oak Forest community at 4832 - 4834 Pinemont Dr in Houston. The surrounding area is described as having tree-lined streets, nearby parks, and local amenities. WalkScore is 64, indicating a somewhat walkable setting; BikeScore is 52, and TransitScore is 40.
The property is located within the Oak Forest community at 4832 - 4834 Pinemont Dr in Houston. The surrounding area is described as having tree-lined streets, nearby parks, and local amenities. WalkScore is 64, indicating a somewhat walkable setting; BikeScore is 52, and TransitScore is 40.
Key Highlights
- Duplex property at 4832 - 4834 Pinemont Dr, Houston, TX 77092
- Year built: 2026
- Located within a gated community in Oak Forest
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
$52,496
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
6.65%
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%
$1,049,920
$1.0M
Cap Rate 7%
$749,943
$749.9K
Cap Rate 9%
$583,289
$583.3K
Market Conditions
NOI Build-Up for 4,008 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
$79.4K $19.80/SF
− Vacancy
−$4.4K −$1.09/SF
EGI
$75.0K $18.71/SF
− OpEx
−$22.5K −$5.61/SF
NOI
$52.5K $13.10/SF
Area
Houston, TX
Vacancy
5.50%
Lease Rate
$19.80 /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%
$1,049,920
Cap Rate 7%
$749,943
Cap Rate 9%
$583,289
Alternative Uses
Best Use
Multifamily LT 5
$749.9K
$656.2K – $874.9K
NOI $52,496 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$648.7K
$567.6K – $756.8K
NOI $45,407 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$1.03M
$901.8K – $1.20M
NOI $72,144 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
Explore this area
Business Placement
Demographics for 77092, TX
34,903
Population
16,158
Households
2.2
Avg Household Size
34
Median Age
27%
College-Educated
75%
High-School Grad
8.1 sq mi
ZIP Area
4,309
Density / Sq Mi
$56,741
Median Household Income
$34,895
Median Earnings
$1,228
Median Rent
$222,800
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 residences offer contemporary finishes, gourmet kitchens, and Samsung appliances within a gated community.
Where is this duplex located?
The property is located at 4832 - 4834 Pinemont Drive Houston, TX.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Duplex property at 4832 - 4834 Pinemont Dr, Houston, TX 77092; Year built: 2026; Located within a gated community in Oak Forest
