Building Details

Building Size 4,458 SF

Year Built 2006

Buildings 1

Listing Agency: Keller Williams Heritage West L***@kw.com Show Phone

Listed By: Lane Cooper · License #0750847 Show Phone

Source: Evrealestate

Added: Jan 26 Changed: Aug 29 Last Checked: Aug 30 at 2:22PM

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Investment Insights

Based on property information with market context.

This residential income property was built in 2006 and includes central air, central heating, a dishwasher, and a kitchen island. Exterior features include a backyard and carport.

The property is located at 771 Olive Branch in Brock, Parker County, Texas. Access from I-20 includes Exit 397, followed by Wolf Hollow, FM 1189N, and Olive Branch Road.

Key Highlights

• Built in 2006
• Central air and central heating
• Kitchen with island and dishwasher

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

$67,788

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

9.04%

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%

$1,355,760 $1.4M

Cap Rate 7%

$968,400 $968.4K

Cap Rate 9%

$753,200 $753.2K

Market Conditions

NOI Build-Up for 4,458 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

$138.0K $30.96/SF

− Vacancy

−$14.8K −$3.31/SF

EGI

$123.3K $27.65/SF

− OpEx

−$55.5K −$12.44/SF

NOI

$67.8K $15.21/SF

Area

Parker County, 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 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%

$1,355,760

Cap Rate 7%

$968,400

Cap Rate 9%

$753,200

Alternative Uses

Best Use

Apartment 5plus

$968.4K

$847.4K – $1.13M (±1% cap)

NOI $67,788 @ 7.0% cap · market cap 9.04%

Second Best

—

—

no second resolved use

Theoretical Best

Industrial

$4.43M

$3.88M – $5.17M (±1% cap)

NOI $310,082 @ 7.0% cap · market cap 41.34%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Residential income properties

Suggested Use

Top Pick Parking Lot & Garage Auto Repair Shop Dental Office Garden Center Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

71

Businesses Nearby

Explore this area Business Placement

Demographics for 76087, TX

33,346

Population

13,290

Households

2.5

Avg Household Size

41

Median Age

40%

College-Educated

92%

High-School Grad

185.5 sq mi

ZIP Area

180

Density / Sq Mi

$108,499

Median Household Income

$59,622

Median Earnings

$1,775

Median Rent

$352,000

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential income property - Residential property featuring central air, a dishwasher, kitchen island, backyard, and carport.

Where is this residential income property located?

The property is located at 771 Olive Branch Brock, TX.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: Built in 2006; Central air and central heating; Kitchen with island and dishwasher