Leased Brick
New
For Sale
$825,000
7113 Pleasant View Drive, Dallas, TX 75231
Both residences are occupied and offer three-bedroom layouts with attached garages.
Property Size3,212 SF
Days on Market6
Property Features for 7113 Pleasant View Drive
General Information
Standard status
Active
Size
3,212 SF
Total Parking Spaces
4
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$15,769
Amenities
fireplace
skylights
workshop
Building Details
Building Size
3,212 SF
Year Built
1979
Buildings
1
Stories
1
Construction
brick
Listing Agency:
RE/MAX DFW Associates
Listed By:
Al Meyer · License #0486512
(214) 753-8457
Source:
Baerealty
Added: Sep 28
Last Checked: Oct 3 at 1:51AM
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 RE/MAX DFW Associates
Investment Insights
Based on property information with market context.
This single-story brick duplex, built in 1979, contains two residences of approximately 1,606 square feet each. Both layouts include three bedrooms, two full bathrooms, a brick fireplace, skylights and an attached two-car garage. The units are currently leased.
Improvements include a replacement roof with new decking and a radiant barrier, updated HVAC systems, retextured ceilings and laminate flooring. One residence also has a walk-in closet and an enclosed, climate-controlled sunroom. A separate workshop with electricity and air conditioning provides additional functional space.
Improvements include a replacement roof with new decking and a radiant barrier, updated HVAC systems, retextured ceilings and laminate flooring. One residence also has a walk-in closet and an enclosed, climate-controlled sunroom. A separate workshop with electricity and air conditioning provides additional functional space.
Key Highlights
- Two leased residences, each approximately 1,606 square feet
- Each unit has 3 bedrooms, 2 full baths, skylights, a brick fireplace and an attached two‑car garage
- Roof replaced with new decking and a radiant barrier; both HVAC systems replaced
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
$56,478
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
6.85%
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%
$1,129,560
$1.1M
Cap Rate 7%
$806,829
$806.8K
Cap Rate 9%
$627,533
$627.5K
Market Conditions
NOI Build-Up for 3,212 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
$89.8K $27.96/SF
− Vacancy
−$9.1K −$2.84/SF
EGI
$80.7K $25.12/SF
− OpEx
−$24.2K −$7.54/SF
NOI
$56.5K $17.58/SF
Area
Dallas, TX
Vacancy
10.16%
Lease Rate
$27.96 /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%
$1,129,560
Cap Rate 7%
$806,829
Cap Rate 9%
$627,533
Alternative Uses
Best Use
Multifamily LT 5
$806.8K
$706.0K – $941.3K
NOI $56,478 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$697.7K
$610.5K – $814.0K
NOI $48,842 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$3.85M
$3.37M – $4.50M
NOI $269,789 @ 7.0% cap · market cap 32.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 75231, TX
40,754
Population
21,412
Households
1.9
Avg Household Size
32
Median Age
39%
College-Educated
82%
High-School Grad
5.5 sq mi
ZIP Area
7,410
Density / Sq Mi
$54,884
Median Household Income
$40,100
Median Earnings
$1,220
Median Rent
$466,200
Median Home Value
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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?
Duplex - Both residences are occupied and offer three-bedroom layouts with attached garages.
Where is this duplex located?
The property is located at 7113 Pleasant View Drive Dallas, TX.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Two leased residences, each approximately 1,606 square feet; Each unit has 3 bedrooms, 2 full baths, skylights, a brick fireplace and an attached two‑car garage; Roof replaced with new decking and a radiant barrier; both HVAC systems replaced
