Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    118 W Fairmeadows Dr Duncanville, TX 75116

    View on Map
    Sponsored
    Picture of Mixed-use properties at W Fairmeadows Dr 118, Duncanville, TX
    For Sale
    $793,000

    Business - Duncanville, TX

    Type:Business
    Lot size:
    0.34 Acres
    Days on Market:
    59
    Last Refresh:
    Mar 20 at 1:06 pm

    Property Features for 118 W Fairmeadows Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    22029500010120000
    Parking features
    Unassigned
    Lot size
    0.34 Acres

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1964
    Flooring type
    Linoleum, Tile
    Building materials
    Brick, Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Stan Smith

    eXp Realty, LLC

    Listing agent Stan Smith License #0245026

    Listing date Jan 20, 2026

    MLS# 21159789 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Income-Producing Mixed-Use Properties in Duncanville

    The properties located at 118 W. Fairmeadows Drive and 122 W. Fairmeadows Drive in Duncanville, Texas, are being sold together and will close simultaneously. These are income-producing properties being sold AS IS. The buildings feature office space at the front, accompanied by two bathrooms. The rear of the buildings includes storage space and one bathroom. The combined lot size is 0.3375 acres. Note that 114 W. Fairmeadows is still in probate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wolverton Co. Inc. Hardware & Home Improvement New Shoo Warehouse & Storage

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Duncanville
    County
    Dallas
    State
    Texas
    Longitude
    -96.907067
    Latitude
    32.666002

    Nearby Similar for Sale

    • $969,000
      5,790 SF

      Spacious Office Building on Large Lot

      Expansive office property with detached building and excellent highway access.
      722 E Wheatland Rd, Duncanville, TX 75116
      View Details
    • New
      $553,000
      0.34 Acres

      Duncanville Office Buildings For Sale

      Two income-producing office buildings, plus one vacant lot, for sale.
      114 W Fairmeadows Dr, Duncanville, TX 75116
      View Details
    • New
      $425,000
      0.64 Acres

      Established Transmission Shop Opportunity

      Prime commercial property with highway frontage and development potential.
      1211 Crestdell Dr, Duncanville, TX 75137
      View Details
    • $1,795,000
      5,200 SF

      Income-Producing Nail Salon Investment

      Stabilized commercial property with long-term tenants in Duncanville, TX.
      220 S Cedar Ridge Dr, Duncanville, TX 75116
      View Details
    • $1,200,000
      7,245 SF

      Duncanville Office Investment Opportunity

      7,245 SF commercial property with five suites, ideal for medical/professional.
      529 W Wheatland Rd, Duncanville, TX 75116
      View Details
    • New
      $245,000
      0.37 Acres

      Established Transmission Shop on Highway

      Prime commercial property with highway frontage and development potential.
      1218 Crestdell Dr, Duncanville, TX 75137
      View Details
    • $825,000
      0.50 Acres

      Duncanville Office Complex For Sale

      Office complex with individual offices or classrooms in Duncanville, TX.
      619 Mercury Ave, Duncanville, TX 75137
      View Details
    • New
      $348,000
      0.26 Acres

      Duncanville Duplex with Garages, Yards

      Duplex in Duncanville with 3-bedroom units, garages, and yards.
      1507 Crescent Ln, Duncanville, TX 75137
      View Details
    • $625,000
      0.28 Acres

      Updated Quadruplex in Duncanville, TX

      Spacious, updated quadplex with income potential in a growing market.
      315 N Merrill Ave, Duncanville, TX 75116
      View Details
    • $1,900,000
      2.00 Acres

      Renovated Church in Duncanville, TX

      Beautifully renovated church with modern upgrades in the heart of Duncanville.
      200 E Carr Ln, Duncanville, TX 75116
      View Details
    • $353,000
      0.30 Acres

      Duncanville Business Opportunity For Sale

      Two commercial properties in Duncanville, Texas, being sold together.
      122 W Fairmeadows Dr, Duncanville, TX 75116
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Two income-producing mixed-use properties for sale in Duncanville, Texas.
    Where is this mixed-use property located?
    The property is located at 118 W Fairmeadows Dr Duncanville, TX.
    What is the asking price?
    The asking price for this property is $793,000.
    What are key features of this property?
    This property features: - Two income-producing properties being sold together.; - Each building features office space in the front and storage space in the back.; - Two bathrooms are located in the front and one in the back of each building.
    (888) 519-7431
    Request Owner's contact information
    118 W Fairmeadows Dr Duncanville, TX 75116
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    118 W Fairmeadows Dr
    Duncanville, TX 75116
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    118 W Fairmeadows Dr Duncanville, TX 75116
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Stan Smith
    Real Estate License ID: 0245026
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!