Two-Cabin Duplex
For Sale
$195,000
720 County Road 334, Gatesville, TX 76528
Two cabins are fully rented on a 1.2-acre parcel with 2023 construction.
Property Size1,008 SF
Lot Size1.20 Acres
Price / SF$193.45
Days on Market38
Property Features for 720 County Road 334
General Information
Standard status
Active
Size
1,008 SF
Lot size
1.20 Acres
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
2023
Buildings
2
Listing Agency:
Keller Williams Realty
(512) 448-4111
Listed By:
Wendy Papasan (512) 330-1004 · License #0593308
Source:
Magnoliarealtyroundrock
Added: Jul 25
Changed: Aug 30
Last Checked: Aug 30 at 6:17PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This duplex property includes two cabins totaling 1,008 SF on a 1.2-acre parcel. Both cabins are fully rented, providing an occupied configuration for the property. Construction was completed in 2023, and the site includes a septic system sized for three tiny homes.
The property is positioned across from Fort Cavazos North and a couple of miles from its north entrance. Its location between Temple and Gatesville provides a defined regional setting while retaining the existing two-cabin arrangement.
The property is positioned across from Fort Cavazos North and a couple of miles from its north entrance. Its location between Temple and Gatesville provides a defined regional setting while retaining the existing two-cabin arrangement.
Key Highlights
- Two cabins totaling 1,008 SF
- Fully rented property
- 1.2‑acre parcel
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
$8,712
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
4.47%
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%
$174,240
$174.2K
Cap Rate 7%
$124,457
$124.5K
Cap Rate 9%
$96,800
$96.8K
Market Conditions
NOI Build-Up for 1,008 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
$13.3K $13.20/SF
− Vacancy
−$860 −$0.85/SF
EGI
$12.4K $12.35/SF
− OpEx
−$3.7K −$3.70/SF
NOI
$8.7K $8.64/SF
Area
Coryell County, TX
Vacancy
6.46%
Lease Rate
$13.20 /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%
$174,240
Cap Rate 7%
$124,457
Cap Rate 9%
$96,800
Alternative Uses
Best Use
Multifamily LT 5
$124.5K
$108.9K – $145.2K
NOI $8,712 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$115.2K
$100.8K – $134.4K
NOI $8,061 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$242.1K
$211.9K – $282.5K
NOI $16,948 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 76528, TX
18,773
Population
7,311
Households
2.6
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
486.3 sq mi
ZIP Area
39
Density / Sq Mi
$66,989
Median Household Income
$37,705
Median Earnings
$848
Median Rent
$189,900
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 cabins are fully rented on a 1.2-acre parcel with 2023 construction.
Where is this duplex located?
The property is located at 720 County Road 334 Gatesville, TX.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Two cabins totaling 1,008 SF; Fully rented property; 1.2‑acre parcel
