One-Level
New
For Sale
$289,000
8683 Daisy Dallas Rd, Hixson, TN 37343
Both residences include two bedrooms, an eat-in kitchen, laundry closet, and access to a shared deck and backyard.
Property Size1,826 SF
Lot Size0.43 Acres
Price / SF$158.27
Days on Market7
Property Features for 8683 Daisy Dallas Rd
General Information
Standard status
Active
Size
1,826 SF
Lot size
0.43 Acres
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1991
Buildings
1
Listing Agency:
Greater Downtown Realty dba Keller Williams Realty
Listed By:
Jay Robinson 4239036404 · License #TN255994
(423) 903-6404
Source:
Midtnhomefinders
Added: Sep 21
Changed: Sep 26
Last Checked: Sep 26 at 2:56PM
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 Greater Downtown Realty dba Keller Williams Realty
Investment Insights
Based on property information with market context.
This 1,826-square-foot duplex, built in 1991, sits on a .43 +/- acre lot. The one-level layout places two residences above a two-bay garage. Each side has a living room, eat-in kitchen with a laundry closet, two bedrooms, and a full hall bath. A shared deck connects to the backyard. Each residence also has a large single-bay garage, with an additional parking pad alongside the driveway.
Key Highlights
- Two residences, each with two bedrooms and a full hall bath
- 1,826 square feet on a .43 +/- acre lot
- One‑level duplex above a two‑bay garage
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
$15,341
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
5.31%
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%
$306,820
$306.8K
Cap Rate 7%
$219,157
$219.2K
Cap Rate 9%
$170,456
$170.5K
Market Conditions
NOI Build-Up for 1,826 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
$24.8K $13.56/SF
− Vacancy
−$2.8K −$1.56/SF
EGI
$21.9K $12.00/SF
− OpEx
−$6.6K −$3.60/SF
NOI
$15.3K $8.40/SF
Area
Hamilton County, TN
Vacancy
11.49%
Lease Rate
$13.56 /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%
$306,820
Cap Rate 7%
$219,157
Cap Rate 9%
$170,456
Alternative Uses
Best Use
Multifamily LT 5
$219.2K
$191.8K – $255.7K
NOI $15,341 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$201.3K
$176.1K – $234.8K
NOI $14,089 @ 7.0% cap · market cap 4.88%
Theoretical Best
Healthcare Medical
$303.2K
$265.3K – $353.8K
NOI $21,226 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 37343, TN
43,626
Population
19,031
Households
2.3
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
42.1 sq mi
ZIP Area
1,036
Density / Sq Mi
$79,177
Median Household Income
$45,151
Median Earnings
$1,258
Median Rent
$275,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences include two bedrooms, an eat-in kitchen, laundry closet, and access to a shared deck and backyard.
Where is this duplex located?
The property is located at 8683 Daisy Dallas Rd Hixson, TN.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Two residences, each with two bedrooms and a full hall bath; 1,826 square feet on a .43 +/- acre lot; One‑level duplex above a two‑bay garage
