Building Details

Building Size 4,458 SF

Year Built 2006

Buildings 1

Listing Agency: Keller Williams Heritage West

Listed By: Lane Cooper · License #0750847 Show Phone

Source: Evrealestate

Added: Apr 18 Changed: Oct 7 Last Checked: Oct 14 at 11:04PM

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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 Heritage West

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 / Yr

$67,788

Cap Rate

9.04%

Suggested Prices Based on Cap Rates

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

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 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. How Realmo checks its estimates

Property Analytics

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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

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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

Questions? Ask Rey

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What type of property is this? Where is this residential income properties located? What is the asking price? Find similar properties What are key features of this property?

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