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    Wheatland Rd Duncanville, TX 75116

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    Wheatland Rd Duncanville, TX 75116

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    • Lifestyle centers
    • 95,179 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 Wheatland Rd

    Property size
    95,179 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 95,179 square foot shopping center in Duncanville, Texas, presents a compelling investment opportunity. Strategically located at the highly visible intersection of West Wheatland Road and Cedar Ridge Drive, this multi-tenant property boasts excellent accessibility and strong visibility. The center is anchored by a Tom Thumb grocery store, ensuring consistent foot traffic and a robust customer base. Currently, there is 3,320 square feet of vacant space available, offering immediate potential for expansion or lease income. A diverse tenant mix includes both national and regional brands, creating a well-rounded and attractive shopping destination. Existing tenants include Neighborhood Credit Union, Boston Market, Armstrong McCall Professional Beauty Supply, Regional Finance, Dental One, and KP Staffing, demonstrating the center's appeal to a variety of businesses. The property is situated in Dallas County, Texas, with a zip code of 75116, offering convenient access to major transportation routes and a thriving community. The available 2,359 square foot space presents a unique opportunity to capitalize on the existing success of this established shopping center. This property is classified as a retail shopping center in Dallas County, Texas.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Duncanville
    County
    Dallas
    State
    Texas
    Longitude
    -96.9262
    Latitude
    32.6475

    Comparable in this City

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      3.40 Acres

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      111,437 SF

      Camp Wisdom Rd

      Lifestyle centers • 111,437 SF
      0 Camp Wisdom Rd, Duncanville, TX 75116
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    • Value Estimation
      $1,190,000
      52,704 SF

      410 Cp Wisdom Rd

      SHOPPING CENTER, STRIP CENTER • 52,704 SF
      410 Cp Wisdom Rd, Duncanville, TX 75116-2708
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    • Value Estimation by Request
      6,403 SF

      330 Cedar Rdg Dr

      SHOPPING CENTER, STRIP CENTER • 6,403 SF
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    • Value Estimation by Request
      11,372 SF

      102 Main St

      SHOPPING CENTER, STRIP CENTER • 11,372 SF
      102 Main St, Duncanville, TX 75116-3647
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    • Value Estimation by Request
      8,400 SF

      115 Wheatland Rd

      SHOPPING CENTER, STRIP CENTER • 8,400 SF
      115 Wheatland Rd, Duncanville, TX 75116-4725
      View Details

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      Retail Shopping Center For Sale

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    Similar Nearby for Lease

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      High-Visibility Retail Location

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      Duncanville Retail Space For Lease

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      Wheatland Plaza Retail Opportunity

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      Retail Space in Duncanville Center

      Retail space available in a busy, anchored shopping center.
      702-726 W Wheatland Rd, Duncanville, TX 75116
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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
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    Wheatland Rd, Duncanville, TX, 75116

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