Updated Two-Unit
For Sale
$849,000
9027-9029 Villa Park Circle, Dallas, TX 75225
Each residence offers open-plan living, updated kitchens, en-suite primary baths, and covered outdoor space.
Property Size3,224 SF
Price / SF$263.34
Days on Market228
Property Features for 9027-9029 Villa Park Circle
General Information
Standard status
Active
Size
3,224 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Full Duplex
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
Central Air
Central
Bamboo, Ceramic Tile, Granite, Travertine Stone
Gas Cooktop, Gas Oven, Plumbed For Gas in Kitchen, Vented Exhaust Fan
2
Decorative Lighting, Flat Screen Wiring, Kitchen Island, Open Floorplan, Walk-In Closet(s)
Brick, Gas Logs
No
Composition
One
Wood
Covered Patio/Porch
1
Pillar/Post/Pier
Public Records
Brick
Covered
Building Details
Year Built
1965
Buildings
1
Listing Agency:
Compass
Listed By:
Rubyanne Rutledge · License #0807941
(214) 799-8599
Source:
Compass
Added: Jan 18
Changed: Aug 31
Last Checked: Aug 30 at 7:56PM
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 Compass
Investment Insights
Based on property information with market context.
This two-unit duplex includes 3,224 square feet, with both residences included in the offering. Each side provides two bedrooms, two full baths, and two living areas, along with an open floor plan, updated kitchen, bamboo flooring, and an en-suite primary bath. Kitchen details include granite, ceramic tile, travertine stone, a gas cooktop, gas oven, island, and vented exhaust fan. Central air and central heating serve the units.
Outdoor features include pergola-covered patios and wood privacy fences, creating dedicated exterior living areas for each residence. The property was built in 1965 and is located at 9027-9029 Villa Park Circle in Dallas, near NorthPark Mall and convenient to restaurants and shops.
Outdoor features include pergola-covered patios and wood privacy fences, creating dedicated exterior living areas for each residence. The property was built in 1965 and is located at 9027-9029 Villa Park Circle in Dallas, near NorthPark Mall and convenient to restaurants and shops.
Key Highlights
- Two‑unit duplex totaling 3,224 square feet
- Each unit includes 2 bedrooms, 2 full baths, and 2 living areas
- Updated kitchens with granite, gas cooking, islands, and vented exhaust fans
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
$56,689
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
6.68%
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%
$1,133,780
$1.1M
Cap Rate 7%
$809,843
$809.8K
Cap Rate 9%
$629,878
$629.9K
Market Conditions
NOI Build-Up for 3,224 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
$90.1K $27.96/SF
− Vacancy
−$9.2K −$2.84/SF
EGI
$81.0K $25.12/SF
− OpEx
−$24.3K −$7.54/SF
NOI
$56.7K $17.58/SF
Area
Dallas, TX
Vacancy
10.16%
Lease Rate
$27.96 /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%
$1,133,780
Cap Rate 7%
$809,843
Cap Rate 9%
$629,878
Alternative Uses
Best Use
Multifamily LT 5
$809.8K
$708.6K – $944.8K
NOI $56,689 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$700.3K
$612.8K – $817.1K
NOI $49,024 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$3.87M
$3.38M – $4.51M
NOI $270,797 @ 7.0% cap · market cap 31.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,880
Businesses Nearby
Explore this area
Business Placement
Demographics for 75225, TX
22,635
Population
9,839
Households
2.3
Avg Household Size
46
Median Age
84%
College-Educated
99%
High-School Grad
4.7 sq mi
ZIP Area
4,816
Density / Sq Mi
$189,985
Median Household Income
$114,600
Median Earnings
$2,406
Median Rent
$1,489,200
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 - Each residence offers open-plan living, updated kitchens, en-suite primary baths, and covered outdoor space.
Where is this duplex located?
The property is located at 9027-9029 Villa Park Circle Dallas, TX.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 3,224 square feet; Each unit includes 2 bedrooms, 2 full baths, and 2 living areas; Updated kitchens with granite, gas cooking, islands, and vented exhaust fans
