Building Details

Building Size 1,137 SF

Year Built 1981

Listing Agency: Guildford LTD dba Keller Williams Realty

Listed By: Sally Reed · License #0638543 Show Phone

Source: Kw

Added: Jul 31, 2025 Changed: Aug 18 Last Checked: May 19 at 9:06PM

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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

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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 / Yr

$17,289

Cap Rate

7.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$345,780 $345.8K

Cap Rate 7%

$246,986 $247.0K

Cap Rate 9%

$192,100 $192.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,137 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $95,501 @ 7.0% cap · market cap 42.44%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Power Concepts Business Management Consultant

Suggested Use

Top Pick Daycare Center (Bike/Boat/Book/etc) Store Grocery & Convenience Store Butcher Pet Grooming Service Florist

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

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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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.