Income-Producing Commercial Properties For
118 W Fairmeadows Drive Duncanville, TX 75116
For Sale
$763,000
Two income-producing commercial properties available for sale in Duncanville, Texas.
Property Size5,920 SF
Price / SF$128.89
Days on Market94
Property Features for 118 W Fairmeadows Drive
General Information
- Standard status
- Active
- Size
- 5,920 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1964
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Stan Smith · License #0556555
(214) 354-1679
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 23 at 7:24AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
The properties located at 118 W. Fairmeadows Drive and 122 W. Fairmeadows Drive are being sold together and will close simultaneously. The properties are income producing. The buildings, totaling 5,920 square feet, are being sold AS IS. Each building includes office space at the front and storage space at the back. Each building has two bathrooms in the office space and one bathroom in the storage area.
Key Highlights
- Two income‑producing properties being sold together.
- Simultaneous closing on both properties.
- Two bathrooms in the front of the building.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.1k | $8.12 |
| − Vacancy | −$4.2k | −$0.71 |
| EGI | $43.8k | $7.41 |
| − OpEx | −$6.6k | −$1.11 |
| NOI | $37.3k | $6.29 |
5,920 SF · lease $8.12/SF/yr · vacancy 8.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $83,916 @ 7.0% cap · market cap 11.00%
Second Best
Warehouse
$532.3K
$465.8K – $621.1K
NOI $37,264 @ 7.0% cap · market cap 4.88%
Theoretical Best
Multifamily LT 5
$70.96M
$62.09M – $82.79M
NOI $4,967,268 @ 7.0% cap · market cap 651.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Wolverton Co. Inc.
Hardware & Home Improvement
New Shoo
Warehouse & Storage
FAQs
What type of property is this?
Office units - Two income-producing commercial properties available for sale in Duncanville, Texas.
Where is this office units located?
The property is located at 118 W Fairmeadows Drive Duncanville, TX.
What is the asking price?
The asking price for this property is $763,000.
What are key features of this property?
This property features: Two income‑producing properties being sold together.; Simultaneous closing on both properties.; Two bathrooms in the front of the building.
