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    Freestanding Commercial Building with Parking Title is generated by Realmo AI

    109 W Midway Drive, Euless, TX 76039

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    For Lease
    $4,700/Mo $9 SF/Yr (calc)

    COMMERCIAL - Euless, TX

    Type:Retail
    Property size:
    6,259 SF
    Lot size:
    0.15 Acres
    Added:
    Sep 29, 2025
    Days on Market:
    248
    Last Refresh:
    Jun 3 at 6:06 pm

    Property Features for 109 W Midway Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    APN
    04650271
    Size
    6,259 SF
    Lot size
    0.15 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1960
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Vinyl
    Roof type
    Composition

    We can help!

    Listing Contact
    Anu Tamang
    Anu Tamang

    Listing agent Anu Tamang License #0768474

    Listing office Keller Williams Fort Worth Fort Worth, TX

    Listing date Sep 29, 2025

    MLS# 21044410

    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.

    HighLights

    • 3,329 sq ft commercial building built in 1960 in Euless, available now for lease.
    • Large private parking lot with plenty of spaces for customer and business access.
    • Previously used as a day care center, with a layout suited to educational, community, medical, or professional offices.
    • Central heating and central air conditioning.
    • Public utilities: public water and public sewer.
    • Vinyl flooring and a composition roof.

    Overview

    This spacious commercial building offers 3,329 square feet of flexible interior space designed to accommodate a wide range of business needs. The property was previously operated as a day care center, and its generous layout can be reconfigured for different uses. A large private parking lot provides convenient on-site parking for employees and visitors, supporting businesses that benefit from straightforward access and customer convenience.

    Located at 109 W Midway Drive in Euless, TX, the site is positioned near major roads, shopping, and residential neighborhoods. The combination of visibility and practical access makes the building a strong fit for organizations that need to serve both local walk-in activity and regular customer or client visits.

    For tenants or operators seeking a ready-to-lease facility with adaptable space, this building may work well for educational facilities, community centers, medical offices, and professional services. Its flexible floor plan supports custom layouts, while the ample private parking helps improve day-to-day operations for staff, clients, and families. The property is available now for lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tree Leaf Kids Daycare Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Lionheart Children's Academy at Cross City Church — 1000 Airport Fwy, Euless, TX 76039
    • Little Tyke Learning Centers — 1000 Villa Dr, Euless, TX 76040
    • 1st Kids Academy — 1000 airport fwy, euless, tx 76039
    • Tree Leaf Kids — 109 W Midway Dr, Euless, TX 76039
    • Mid Cities Christian Academy — 709 W Midway Dr, Euless, TX 76039

    Location Insight

    • Map
    • Local Demand
    City
    Euless
    County
    Tarrant
    State
    Texas
    Longitude
    -97.083528
    Latitude
    32.843685

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    FAQs

    What type of property is this?
    Day care center - Versatile building with ample private parking, formerly a day care center, suitable for education or professional use.
    Where is this day care center located?
    The property is located at 109 W Midway Drive Euless, TX.
    What is the lease rate?
    The lease rate is $4,700 /Mo.
    What are key features of this property?
    This property features: 3,329 sq ft commercial building built in 1960 in Euless, available now for lease.; Large private parking lot with plenty of spaces for customer and business access.; Previously used as a day care center, with a layout suited to educational, community, medical, or professional offices.
    (817) 920-7700
    We can help!
    Listing Contact
    Anu Tamang
    Anu Tamang
    Real Estate License ID: 0768474
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    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
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