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    New Duplex Near Downtown Gunter Title is generated by Realmo AI

    516-518 Wood Drive, Gunter, TX 75058

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    Claim this Listing
    For Sale
    $480,000

    2021 duplex with designer finishes, ideal for investment.

    Type:Multi-Family / Full Duplex
    Property size:
    2,554 SF
    Price / SF:
    $187/SF
    Added:
    Nov 27, 2025
    Days on Market:
    188
    Last Refresh:
    Mar 13 at 1:34 pm

    Property Features for 516-518 Wood Drive

    General Information

    Standard status
    Active
    Size
    2,554 SF
    Property subtype
    Multi-Family / Full Duplex

    Building Details

    Year Built
    2021

    We can help!

    Listing Contact
    Charles Mauzy

    Listing agent Charles Mauzy License #0425036

    Listing office Mauzy Realty

    Listing date Nov 27, 2025

    Source Compass

    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 Mauzy Realty

    HighLights

    • Full duplex: Live in one unit and rent the other for income.
    • Excellent investment opportunity, ideal for a 1031 exchange.
    • Located a few blocks from Downtown Gunter, a rapidly growing town.
    • Each unit has 3 bedrooms, 2 bathrooms, and designer finishes.
    • Spacious primary suite with dual sinks and two walk‑in closets.
    • Granite countertops and stainless steel appliances in the kitchen.

    Overview

    This one-story brick full duplex, constructed in 2021, is situated on a large lot a few blocks from Downtown Gunter. Each unit features an identical three-bedroom, two-bathroom floor plan with designer finishes. The property is suitable as an investment opportunity or for an owner-occupant looking to rent one unit while residing in the other. Interior features include tall ceilings and a spacious primary suite located in the rear, complete with dual sinks and two large walk-in closets. The kitchens are equipped with stylish cabinetry, granite countertops, and stainless steel appliances, including a built-in microwave. The backyard provides space for outdoor activities and includes a covered rear porch and wood fence. Located in Gunter, Texas, the property benefits from its location in a rapidly growing small town with a family-friendly atmosphere, offering a tranquil rural feel with modern amenities, excellent schools, and proximity to Sherman, Frisco & US 75, the Dallas North Tollway, and Highway 289.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gunter
    County
    Grayson
    State
    Texas
    Longitude
    -96.7451147
    Latitude
    33.4570193

    Nearby Similar for Sale

    • $1,895,000
      1,745 SF

      Gunter Ranch with Modern Farmhouse

      Ag-exempt 12-acre ranch featuring a custom rebuilt farmhouse.
      2196 Bledsoe Road, Gunter, TX 75058
      View Details

    FAQs

    What type of property is this?
    Duplex - 2021 duplex with designer finishes, ideal for investment.
    Where is this duplex located?
    The property is located at 516-518 Wood Drive Gunter, TX.
    What is the asking price?
    The asking price for this property is $480,000.
    What are key features of this property?
    This property features: Full duplex: **Live in one unit and rent the other for income.**; Excellent investment opportunity, ideal for a 1031 exchange.; Located a few blocks from Downtown Gunter, a rapidly growing town.
    (214) 356-8710
    We can help!
    Listing Contact
    Charles Mauzy
    Real Estate License ID: 0425036
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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