Duplex with Wood-Burning
New
For Sale
$350,000
7316 Davis Boulevard, North Richland Hills, TX 76182
Matching residences feature open living and dining areas, granite kitchen counters, and walk-in bedroom closets.
Property Size2,066 SF
Days on Market3
Property Features for 7316 Davis Boulevard
General Information
Standard status
Active
Size
2,066 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,830
Amenities
wood burning fireplace
walk-in closets
side yard
granite counter space
Building Details
Building Size
2,066 SF
Year Built
1985
Buildings
1
Listing Agency:
The Cao Realty Group
Listed By:
Martha Cao · License #0501784
(817) 896-0243
Source:
Soldbywes
Added: Oct 1
Changed: Oct 2
Last Checked: Oct 3 at 12:31AM
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.
Built in 1985, this duplex has two matching sides, each arranged with an open living and dining area. A wood-burning fireplace anchors the shared living space, while the kitchen includes granite countertops and ample cabinetry. Bedrooms have walk-in closets, and a side yard provides outdoor space.
The property offers access to major roads, shopping, dining, and local amenities.
The property offers access to major roads, shopping, dining, and local amenities.
Key Highlights
- Two matching residences in a full duplex
- Wood‑burning fireplace in the open living and dining area
- Kitchen with granite countertops and ample cabinetry
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
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Current Use
Lease Details
2
Residential units
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
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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 - Matching residences feature open living and dining areas, granite kitchen counters, and walk-in bedroom closets.
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 $350,000.
What are key features of this property?
This property features: Two matching residences in a full duplex; Wood‑burning fireplace in the open living and dining area; Kitchen with granite countertops and ample cabinetry
