Warehousing
For Sale
Contact for pricing
803 Gemini Ave, Duncanville, TX 75137
12,000 SF industrial building with flexibility to occupy all or lease portions.
Property Size12,000 SF
Price / SF$100
Days on Market120
Property Features for 803 Gemini Ave
General Information
Standard status
Active
Size
12,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
Options Real Estate
(972) 283-1111
Listed By:
Monte Anderson
(972) 283-1111
Source:
Moodyscre
Added: Apr 2
Changed: Jul 30
Last Checked: Jul 30 at 10:44AM
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 Options Real Estate
Investment Insights
Based on property information with market context.
This warehousing facility offers flexibility for an owner-user or tenant that wants to control space. The building is set up to allow occupancy of all or a portion of the premises, while leasing excess space to generate additional revenue.
The property is located at 803 Gemini Ave in Duncanville, Texas. With a 12,000 SF size, it can be evaluated as an industrial base for operations that require warehouse space, with room to scale by holding additional space for lease or future use.
The offering also highlights potential to enhance income through lease-up, rent growth, or repositioning, supported by limited small-bay supply in the submarket and stable industrial fundamentals.
The property is located at 803 Gemini Ave in Duncanville, Texas. With a 12,000 SF size, it can be evaluated as an industrial base for operations that require warehouse space, with room to scale by holding additional space for lease or future use.
The offering also highlights potential to enhance income through lease-up, rent growth, or repositioning, supported by limited small-bay supply in the submarket and stable industrial fundamentals.
Key Highlights
- 12,000 SF warehousing facility
- Owner‑user flexibility to occupy all or lease a portion
- Can lease excess space while using part 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 | $97.4k | $8.12 |
| − Vacancy | −$8.6k | −$0.71 |
| EGI | $88.9k | $7.41 |
| − OpEx | −$13.3k | −$1.11 |
| NOI | $75.5k | $6.29 |
12,000 SF · lease $8.12/SF/yr · vacancy 8.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.08M
$944.2K – $1.26M
NOI $75,535 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$143.84M
$125.86M – $167.81M
NOI $10,068,786 @ 7.0% cap · market cap 839.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
846
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75137, TX
20,023
Population
7,198
Households
2.8
Avg Household Size
39
Median Age
30%
College-Educated
85%
High-School Grad
6.0 sq mi
ZIP Area
3,337
Density / Sq Mi
$85,485
Median Household Income
$40,235
Median Earnings
$1,756
Median Rent
$260,800
Median Home Value
Market
Properties on Market for Warehouses in Dallas County
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - 12,000 SF industrial building with flexibility to occupy all or lease portions.
Where is this warehouse located?
The property is located at 803 Gemini Ave Duncanville, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 12,000 SF warehousing facility; Owner‑user flexibility to occupy all or lease a portion; Can lease excess space while using part of the building
