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    1006 Cedar Ridge Dr Duncanville, TX 75116

    Sponsored
    For Sale
    $335,000

    High-traffic lot, ideal for gas station, restaurant, bar.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional 0.96-acre retail property, located at 1006, 1010, and 1014 Cedar Ridge Drive in Duncanville, Texas (zip code 75116), presents a unique investment opportunity. Situated in Dallas County, this land boasts approximately 276 feet of frontage on Cedar Ridge Drive, offering unparalleled visibility and accessibility. The property benefits from high daily traffic volume, with an estimated 13,575 vehicles passing by daily, according to TxDOT data. Its strategic location across from an established Racetrac gas station further enhances its appeal. The property is zoned Local Retail-2, allowing for a diverse range of uses, including a gas station (with permitted beer and wine sales), fast-food restaurant, coffee shop, and various other retail and office ventures. The asking price is $335,000, translating to a land value of $8.01 per square foot. The surrounding area features dense residential populations, providing a strong customer base for any retail establishment. This prime location, combined with its flexible zoning and high visibility, makes this property an exceptional investment opportunity for discerning buyers seeking a high-return venture in a thriving Texas market.

    Property Features for 1006 Cedar Ridge Dr

    General Information

    Property type
    Restaurants
    Lot Size
    41,818 SF

    We can help!

    Listing Contact
    Sarah Mitchell

    Learn more

    Property Insight Report

    HighLights

    • 0.96‑acre retail lot available for sale in Duncanville.
    • High traffic location with approximately 13,575 vehicles per day on N. Cedar Ridge Dr. (TxDOT data).
    • Excellent visibility and 276 feet of frontage on Cedar Ridge Dr., across from a Racetrack, providing easy access to I‑20 traffic.
    • Strong residential population density in the surrounding area.
    • LR‑2 zoning allows for various uses including gas station (beer and wine permitted), fast food, coffee shop, and other retail/office businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Duncanville
    County
    Dallas
    State
    Texas
    Longitude
    -96.925286
    Latitude
    32.667245

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    FAQs

    What type of property is this?
    Restaurant - High-traffic lot, ideal for gas station, restaurant, bar.
    Where is this restaurant located?
    The property is located at 1006 Cedar Ridge Dr Duncanville, TX.
    What is the asking price?
    The asking price for this property is $335,000.
    What are key features of this property?
    This property features: 0.96-acre retail lot available for sale in Duncanville.; High traffic location with approximately 13,575 vehicles per day on N. Cedar Ridge Dr. (TxDOT data).; Excellent visibility and 276 feet of frontage on Cedar Ridge Dr., across from a Racetrack, providing easy access to I-20 traffic.
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    Duncanville, TX 75116
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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
    1006 Cedar Ridge Dr Duncanville, TX 75116
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    We can help!
    Listing Contact
    Sarah Mitchell
    Real Estate License ID: 509548
    Learn more
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