Charming Duplex in North
For Sale
$349,999
7316 Davis Boulevard, North Richland Hills, TX 76182
Well-maintained duplex with spacious living areas and convenient location.
Property Size2,066 SF
Price / SF$169.41
Days on Market114
Property Features for 7316 Davis Boulevard
General Information
Standard status
Active
Size
2,066 SF
Property subtype
Multi-Family / Full Duplex
Building Details
Year Built
1985
Listing Agency:
The Cao Realty Group
(817) 896-0243
Listed By:
Martha Cao · License #0501784
(817) 896-0243
Source:
Compass
Added: Apr 16
Changed: Jul 10
Last Checked: Aug 4 at 12:20PM
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 The Cao Realty Group
Investment Insights
Based on property information with market context.
This full duplex, located at 7316 & 7318 Davis Blvd, features identical sides and offers a blend of comfort and convenience. The property includes spacious living areas with abundant natural light, creating a warm atmosphere. An open-concept living and dining space, complete with a wood-burning fireplace, is suitable for both relaxation and entertaining. The kitchen provides ample cabinetry and granite counter space. Bedrooms are comfortably sized with walk-in closets, offering plenty of storage. A side yard space is available for outdoor gatherings or relaxation. The property's location provides easy access to major roads, shopping, dining, and local amenities. The property size is 2066 square feet.
Key Highlights
- Full duplex with identical units.
- Granite counters in the kitchen.
- Enjoy the wood burning fireplace.
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
$15,563
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
4.45%
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%
$311,260
$311.3K
Cap Rate 7%
$222,329
$222.3K
Cap Rate 9%
$172,922
$172.9K
Market Conditions
NOI Build-Up for 2,066 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
$25.0K $12.12/SF
− Vacancy
−$2.8K −$1.36/SF
EGI
$22.2K $10.76/SF
− OpEx
−$6.7K −$3.23/SF
NOI
$15.6K $7.53/SF
Area
Tarrant County, TX
Vacancy
11.21%
Lease Rate
$12.12 /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%
$311,260
Cap Rate 7%
$222,329
Cap Rate 9%
$172,922
Alternative Uses
Best Use
Multifamily LT 5
$222.3K
$194.5K – $259.4K
NOI $15,563 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$193.3K
$169.1K – $225.5K
NOI $13,530 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$726.8K
$635.9K – $847.9K
NOI $50,873 @ 7.0% cap · market cap 14.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
Explore this area
Business Placement
Demographics for 76182, TX
31,117
Population
11,845
Households
2.6
Avg Household Size
43
Median Age
40%
College-Educated
95%
High-School Grad
8.7 sq mi
ZIP Area
3,577
Density / Sq Mi
$119,722
Median Household Income
$60,589
Median Earnings
$1,821
Median Rent
$364,100
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 - Well-maintained duplex with spacious living areas and convenient location.
Where is this duplex located?
The property is located at 7316 Davis Boulevard North Richland Hills, TX.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: Full duplex with identical units.; Granite counters in the kitchen.; Enjoy the wood burning fireplace.
