Light-Filled Corner Unit in
For Sale
$225,000
5335 Bent Tree Forest Drive #273, Dallas, TX 75248
Charming 2-bedroom condo with updates and community amenities.
Property Size1,137 SF
Price / SF$197.89
Days on Market411
Property Features for 5335 Bent Tree Forest Drive #273
General Information
Standard status
Active
Size
1,137 SF
Property subtype
Condominium
Amenities
Fireplace
Security System
Cable Ready
Ceiling Fan(s)
Central Air
Central
Dryer
Dishwasher
Electric Range
Disposal
Microwave
Refrigerator
Washer
Patio, Pool, Porch, Sewer Available, Water Available, Cable Available, Composition, Shingle
Building Details
Building Size
1,137 SF
Year Built
1981
Listing Agency:
Guildford LTD dba Keller Williams Realty
Listed By:
Sally Reed · License #0638543
(817) 658-1212
Source:
Kw
Added: Jul 31, 2025
Changed: Aug 18
Last Checked: May 19 at 9:06PM
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 Guildford LTD dba Keller Williams Realty
Investment Insights
Based on property information with market context.
Located in Far North Dallas, this light-filled corner unit features 2 bedrooms and is situated in a quiet section of the complex. The spacious living area includes a stone fireplace and a sliding glass door that opens to a private balcony with treetop views. The unit has laminate flooring throughout, with marble in the primary bath. The split bedroom layout offers privacy, and the primary suite includes 2 large closets. The interior has been freshly painted and includes key updates such as new attic insulation installed in 2022, along with new windows and a new roof in 2024. A bonus 5x5 storage area is located off the utility room. The property includes 2 assigned parking spaces, one of which is covered. Community amenities include a pool, tennis court, and clubhouse. The property is conveniently located near the Dallas North Tollway, restaurants, and shopping. The property size is 1137 square feet.
Key Highlights
- Prime location in Far North Dallas, near Dallas North Tollway, restaurants, and shopping.
- New windows and roof (2024) and new attic insulation (2022).
- Light‑filled 2‑bedroom corner unit with private balcony and treetop views.
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
$17,289
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
7.68%
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%
$345,780
$345.8K
Cap Rate 7%
$246,986
$247.0K
Cap Rate 9%
$192,100
$192.1K
Market Conditions
NOI Build-Up for 1,137 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
$35.2K $30.96/SF
− Vacancy
−$3.8K −$3.31/SF
EGI
$31.4K $27.65/SF
− OpEx
−$14.1K −$12.44/SF
NOI
$17.3K $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%
$345,780
Cap Rate 7%
$246,986
Cap Rate 9%
$192,100
Alternative Uses
Best Use
Apartment 5plus
$247.0K
$216.1K – $288.2K
NOI $17,289 @ 7.0% cap · market cap 7.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,501 @ 7.0% cap · market cap 42.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,564
Businesses Nearby
Explore this area
Business Placement
Demographics for 75248, TX
38,210
Population
18,531
Households
2.1
Avg Household Size
41
Median Age
65%
College-Educated
97%
High-School Grad
7.4 sq mi
ZIP Area
5,164
Density / Sq Mi
$103,063
Median Household Income
$61,677
Median Earnings
$1,602
Median Rent
$543,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Charming 2-bedroom condo with updates and community amenities.
Where is this apartment building located?
The property is located at 5335 Bent Tree Forest Drive #273 Dallas, TX.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Prime location in Far North Dallas, near Dallas North Tollway, restaurants, and shopping.; New windows and roof (2024) and new attic insulation (2022).; Light‑filled 2‑bedroom corner unit with private balcony and treetop views.
