Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    202 Center St Duncanville, TX 75116

    Sponsored
    For Lease
    $25 SF/Yr

    Prime Duncanville location, flexible spaces.

    Lot size:
    14,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This Duncanville, TX property, located at 202 W Center St, offers 14,400 square feet of retail space across two buildings on a 3.35-acre lot. The property boasts a recently completed (2024) renovation and features a 4,000 square foot building ideal for a restaurant, and an 8,400 square foot building suitable for various uses, including retail or office space. Currently, 12,400 square feet is available, with spaces divisible to a minimum of 1,500 square feet and a maximum contiguous space of 8,400 square feet. The property includes 50 parking spaces and benefits from a 10-foot ceiling height. Built in 1977, this Class B property is zoned Downtown Duncanville DD (APN: 22000500080010000) and offers excellent visibility and accessibility in a thriving commercial area. The property's large lot size presents opportunities for future expansion. The load factor is 1.04, and the building has a FAR of 1.2. This is a single-story property with single-phase power. The property is located in the Dallas Fort Worth submarket, specifically the Duncanville cluster, and has a zip code of 75116. This versatile property is perfect for businesses seeking a prominent location with ample space and parking.

    Property Features for 202 Center St

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,400 SF
    Class
    B
    Total Rate
    30000

    Building Details

    Year Built/Renovated
    1977/2024
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    14,400 SF
    Rate per SF
    $25

    We can help!

    Listing Contact
    Darrin Coles CCIM
    Darrin Coles CCIM

    Learn more

    Property Insight Report

    HighLights

    • High‑traffic Duncanville, TX location with excellent visibility and accessibility.
    • Two buildings totaling 12,400 square feet: 4,000 SF ideal for restaurant; 8,400 SF suitable for office, retail, or restaurant use.
    • Large 3.35‑acre lot allows for ample parking, expansion, and future development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Zoe Learning Academy School HFF of DFW Church

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Duncanville
    County
    Dallas
    State
    Texas
    Longitude
    -96.911314590004
    Latitude
    32.651729060984

    Nearby Similar for Lease

    • $1,995 /Mo
      55,975 SF

      Versatile Commercial Space on Wheatland Road

      1,995 SF commercial property suitable for retail, office, or service businesses.
      539 W Wheatland Rd, Duncanville, TX 75116
      View Details
    • $869 /Mo
      7,245 SF

      Duncanville Office Space For Lease

      Versatile 869 SF commercial property ideal for medical or service businesses.
      529 W Wheatland Rd, Duncanville, TX 75116
      View Details
    • $1,915 /Mo
      7,245 SF

      Versatile Commercial Property on Wheatland Road

      1,915 SF commercial property ideal for retail or office use.
      527 W Wheatland Rd, Duncanville, TX 75116
      View Details
    • $2,000 /Mo
      87,120 SF

      Renovated Church with Modern Updates

      Updated church near I-20 and I-35E available for lease.
      200 E Carr Ln, Duncanville, TX 75116
      View Details
    • Contact for pricing
      3,775 SF

      Duncanville Retail Space Available

      Prime location with high visibility and flexible layout options.
      1420 S Clark Rd, Duncanville, TX 75137
      View Details
    • $6 SF/Yr
      5,921 SF

      Duncanville Office Space Available

      Flexible Offices in Dallas County
      111 Cedar Ridge Dr, Duncanville, TX 75116
      View Details
    • Contact for pricing
      8,554 SF

      Duncanville Retail Center Opportunity

      8,554 SF Retail Space Available in Texas
      270 Highway 67, Duncanville, TX 75137
      View Details
    • $144 SF/Yr
      2,500 SF

      Duncanville Office Space For Lease

      Prime Office Space, High Visibility
      1414 Main St, Duncanville, TX 75116
      View Details
    • Contact for pricing
      95,179 SF

      Duncanville Shopping Center Investment

      Thriving Retail Center, Dallas County
      0 Wheatland Rd, Duncanville, TX 75116
      View Details
    • $12 SF/Yr
      3,100 SF

      Retail Space in High-Visibility Center

      Retail spaces available in a busy Dallas suburb shopping center.
      700 N Clark Rd, Duncanville, TX 75116
      View Details
    • Contact for pricing
      27,278 SF

      Westgate Plaza Retail Space Available

      Duncanville Retail Center, High Traffic Area
      102 Camp Wisdom Rd, Duncanville, TX 75116
      View Details
    • $16 SF/Yr
      24,150 SF

      Fair North Shopping Center: Duncanville Retail

      Prime Duncanville Retail/Office Space Available
      511 Camp Wisdom Rd, Duncanville, TX 75116
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Prime Duncanville location, flexible spaces.
    Where is this lifestyle center located?
    The property is located at 202 Center St Duncanville, TX.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: High-traffic Duncanville, TX location with excellent visibility and accessibility.; Two buildings totaling 12,400 square feet: 4,000 SF ideal for restaurant; 8,400 SF suitable for office, retail, or restaurant use.; Large 3.35-acre lot allows for ample parking, expansion, and future development.
    Request Owner's contact information
    202 Center St 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.
    202 Center St
    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
    202 Center St 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
    Darrin Coles CCIM
    Darrin Coles CCIM
    Real Estate License ID: 0755167
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.