Remodeled Cash-Flowing
For Sale
$529,000
9954 Brockbank Drive, Dallas, TX 75220
Well-cared-for duplex with recently remodeled units, including updated kitchens and bathrooms, and both units currently occupied.
Property Size2,940 SF
Days on Market52
Property Features for 9954 Brockbank Drive
General Information
Standard status
Active
Size
2,940 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$11,117
Building Details
Building Size
2,940 SF
Year Built
1966
Listing Agency:
Couch Realty, Inc.
(214) 943-7110
Listed By:
Juanita Couch · License #0392516
Source:
Nilesrealtygroup
Added: Jul 10
Changed: Aug 25
Last Checked: Aug 29 at 3:00PM
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 Couch Realty, Inc.
Investment Insights
Based on property information with market context.
This cash-flowing duplex is ready for new ownership. The property has been well cared for over the years, and both units have been recently remodeled with fresh paint, new flooring, and updated kitchens and bathrooms. Both units are currently occupied.
As a residential income property, the duplex offers two separate living units within one building configuration. The updates throughout the interiors may support continued rental readiness for the next ownership group.
For buyers seeking an occupied duplex with recent interior renovations, this property provides two in-place units with updated finishes, while remaining a straightforward, income-producing multifamily asset.
As a residential income property, the duplex offers two separate living units within one building configuration. The updates throughout the interiors may support continued rental readiness for the next ownership group.
For buyers seeking an occupied duplex with recent interior renovations, this property provides two in-place units with updated finishes, while remaining a straightforward, income-producing multifamily asset.
Key Highlights
- Duplex built in 1966 with both units currently occupied
- Recently remodeled units with fresh paint and new flooring throughout
- Updates include renovated kitchens and bathrooms in both units
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
$44,706
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
8.45%
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%
$894,120
$894.1K
Cap Rate 7%
$638,657
$638.7K
Cap Rate 9%
$496,733
$496.7K
Market Conditions
NOI Build-Up for 2,940 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
$91.0K $30.96/SF
− Vacancy
−$9.7K −$3.31/SF
EGI
$81.3K $27.65/SF
− OpEx
−$36.6K −$12.44/SF
NOI
$44.7K $15.21/SF
Area
Dallas, 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%
$894,120
Cap Rate 7%
$638,657
Cap Rate 9%
$496,733
Alternative Uses
Best Use
Multifamily LT 5
$738.5K
$646.2K – $861.6K
NOI $51,695 @ 7.0% cap · market cap 9.77%
Second Best
Apartment 5plus
$638.7K
$558.8K – $745.1K
NOI $44,706 @ 7.0% cap · market cap 8.45%
Theoretical Best
Office A
$3.53M
$3.09M – $4.12M
NOI $246,943 @ 7.0% cap · market cap 46.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
995
Businesses Nearby
Explore this area
Business Placement
Demographics for 75220, TX
39,627
Population
15,589
Households
2.5
Avg Household Size
32
Median Age
23%
College-Educated
61%
High-School Grad
11.3 sq mi
ZIP Area
3,507
Density / Sq Mi
$57,787
Median Household Income
$33,127
Median Earnings
$1,164
Median Rent
$449,500
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 - Well-cared-for duplex with recently remodeled units, including updated kitchens and bathrooms, and both units currently occupied.
Where is this duplex located?
The property is located at 9954 Brockbank Drive Dallas, TX.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Duplex built in 1966 with both units currently occupied; Recently remodeled units with fresh paint and new flooring throughout; Updates include renovated kitchens and bathrooms in both units
