Duplex With Attached
New
For Sale
$192,000
93 Twining Drive, Denison, TX 75020
Two-unit residential property with central air, gas and electric service, and covered vehicle parking.
Property Size2,247 SF
Days on Market4
Property Features for 93 Twining Drive
General Information
Standard status
Active
Size
2,247 SF
Total Parking Spaces
2
Property subtype
Residential Income
Net Operating Income
$1.00
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$3,332
Amenities
Central Air, Electric
Central, Natural Gas
Electric Range, Gas Range, Gas Water Heater
Chain Link, Partial
Attached Carport
Building Details
Building Size
2,247 SF
Year Built
1945
Buildings
1
Listing Agency:
(516) 474-4255
Listed By:
Colletta Harper · License #0648822
(516) 474-4255
Source:
Evrealestate
Added: Aug 3
Changed: Aug 5
Last Checked: Aug 6 at 3:32AM
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 Colletta Harper
Investment Insights
Based on property information with market context.
This duplex at 93 Twining Drive in Denison, Texas, was built in 1945 and includes an attached carport. Interior systems and equipment include central air, central heating, electric and natural gas service, electric and gas ranges, and a gas water heater. Exterior features include partial chain-link fencing.
Access is available from Highway 75 via US 82 West, Exit 640, N Heritage Parkway (FM 1417), FM 691, and Twining Drive. The property is located in Grayson County.
Access is available from Highway 75 via US 82 West, Exit 640, N Heritage Parkway (FM 1417), FM 691, and Twining Drive. The property is located in Grayson County.
Key Highlights
- Duplex built in 1945
- Attached carport
- Central air and central heating
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
$17,225
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
8.97%
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%
$344,500
$344.5K
Cap Rate 7%
$246,071
$246.1K
Cap Rate 9%
$191,389
$191.4K
Market Conditions
NOI Build-Up for 2,247 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
$27.8K $12.36/SF
− Vacancy
−$3.2K −$1.41/SF
EGI
$24.6K $10.95/SF
− OpEx
−$7.4K −$3.29/SF
NOI
$17.2K $7.67/SF
Area
Grayson County, TX
Vacancy
11.40%
Lease Rate
$12.36 /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%
$344,500
Cap Rate 7%
$246,071
Cap Rate 9%
$191,389
Alternative Uses
Best Use
Multifamily LT 5
$246.1K
$215.3K – $287.1K
NOI $17,225 @ 7.0% cap · market cap 8.97%
Second Best
Apartment 5plus
$218.1K
$190.9K – $254.5K
NOI $15,269 @ 7.0% cap · market cap 7.95%
Theoretical Best
Hotel Hospitality
$1.15M
$1.01M – $1.34M
NOI $80,690 @ 7.0% cap · market cap 42.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Explore this area
Business Placement
Demographics for 75020, TX
23,782
Population
10,802
Households
2.2
Avg Household Size
42
Median Age
19%
College-Educated
90%
High-School Grad
61.0 sq mi
ZIP Area
390
Density / Sq Mi
$66,308
Median Household Income
$38,656
Median Earnings
$1,136
Median Rent
$187,200
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 - Two-unit residential property with central air, gas and electric service, and covered vehicle parking.
Where is this duplex located?
The property is located at 93 Twining Drive Denison, TX.
What is the asking price?
The asking price for this property is $192,000.
What are key features of this property?
This property features: Duplex built in 1945; Attached carport; Central air and central heating
