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 Market169
Property Features for 803 Gemini Ave
General Information
Standard status
Active
Size
12,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
Options Real Estate
Listed By:
Monte Anderson
(972) 283-1111
Source:
Moodyscre
Added: Apr 2
Changed: Sep 5
Last Checked: Sep 16 at 5:23PM
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
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
$75,535
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
6.29%
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%
$1,510,700
$1.5M
Cap Rate 7%
$1,079,071
$1.1M
Cap Rate 9%
$839,278
$839.3K
Market Conditions
NOI Build-Up for 12,000 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
$97.4K $8.12/SF
− Vacancy
−$8.6K −$0.71/SF
EGI
$88.9K $7.41/SF
− OpEx
−$13.3K −$1.11/SF
NOI
$75.5K $6.29/SF
Area
Dallas County, TX
Vacancy
8.80%
Lease Rate
$8.12 /SF/Yr
Expense Ratio
15.00%
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%
$1,510,700
Cap Rate 7%
$1,079,071
Cap Rate 9%
$839,278
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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
887
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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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
