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    Property profile & analytics

    1002 Cedar Rdg Dr Duncanville, TX 75137-3017

    • Gas stations
    • 4,650 SF
    • 0.53 lot acres
    OFF-MARKET
    Last Sale
    Jun 04, 2024
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1930478
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Brakes Plus / Auto Repair Shop
    • City Garage by Brakes Plus / Auto Repair Shop

    Property Details for 1002 Cedar Rdg Dr

    Year built
    1994
    Construction
    TILT-UP CONCRETE
    Lot size
    0.53 lot acres
    Property size
    4,650 SF
    Zone code
    Z109
    Property type
    Gas stations
    APN
    22119450000040000
    APU
    22119450000040000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $571,000
      Market price range: $202k - $743k

    • Alternative Use

      Use
      Estimation
      SERVICE STATION (FULL SERVICE)
      $570,000
      Current use
      COMMERCIAL (GENERAL)
      $780,000
      Change: +36% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $545,000
      Change: -4% Conversion: Difficult
      MEDICAL BUILDING
      $530,000
      Change: -7% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Duncanville
    County
    Dallas
    State
    Texas
    Longitude
    -96.9249
    Latitude
    32.6418
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,159
    $0.00
    $0.00
    $267,700
    -
    $0.00
    $0.00
    $267,700

    Comparable in this City

    • Value Estimation by Request
      2,325 SF

      1015 Cedar Rdg Dr

      SERVICE STATION (FULL SERVICE) • 2,325 SF
      1015 Cedar Rdg Dr, Duncanville, TX 75137-3018
      View Details
    • Value Estimation by Request
      1,176 SF

      803 Main St

      SERVICE STATION (FULL SERVICE) • 1,176 SF
      803 Main St, Duncanville, TX 75137-2315
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    • Value Estimation by Request
      1,395 SF

      819 Main St

      SERVICE STATION (FULL SERVICE) • 1,395 SF
      819 Main St, Duncanville, TX 75137-2315
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    • Value Estimation by Request
      2,108 SF

      1213 Alexander Ave

      SERVICE STATION (FULL SERVICE) • 2,108 SF
      1213 Alexander Ave, Duncanville, TX 75137
      View Details
    • Value Estimation
      $725,000
      10,414 SF

      703 Hwy 67

      SERVICE STATION (FULL SERVICE) • 10,414 SF
      703 Hwy 67, Duncanville, TX 75137-3407
      View Details
    • Value Estimation by Request
      2,392 SF

      1040 Main St

      SERVICE STATION (FULL SERVICE) • 2,392 SF
      1040 Main St, Duncanville, TX 75137-2320
      View Details

    Similar Nearby for Sale

    • New
      $425,000
      0.64 Acres

      Established Transmission Shop Opportunity

      Prime commercial property with highway frontage and development potential.
      1211 Crestdell Dr, Duncanville, TX 75137
      View Details
    • New
      $1,610,000
      2.42 Acres

      Highway Frontage Commercial Land Opportunity

      2+ acres with highway frontage, ideal for automotive or redevelopment.
      723 Highway 67 E, Duncanville, TX 75137
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    • New
      $245,000
      0.37 Acres

      Established Transmission Shop on Highway

      Prime commercial property with highway frontage and development potential.
      1218 Crestdell Dr, Duncanville, TX 75137
      View Details
    • New
      $370,000
      0.56 Acres

      Commercial Land in Duncanville, TX

      Prime commercial land opportunity in a high-traffic location.
      1207 Crestdell Dr, Duncanville, TX 75137
      View Details
    • Contact for pricing

      Highway 67 Service Road Property

      Property with potential for various business uses on Highway 67.
      719 Highway 67 E, Duncanville, TX 75137
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      3,434 SF

      Duncanville Warehouse with Oversized Door

      Warehouse with office space and convenient location in Duncanville, TX.
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    Similar Nearby for Lease

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      Duncanville Retail Space Available

      Prime location with high visibility and flexible layout options.
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      1 SF

      Duncanville Retail Pad - Hwy 67

      High-traffic retail pad, Costco-anchored.
      250 Highway 67, Duncanville, TX 75137
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      1,059 SF

      Retail Space Near WinCo Foods

      Retail space with high visibility and easy highway access.
      901 Highway 67 E, Duncanville, TX 75137
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    • Contact for pricing
      2,178 SF

      Retail Space in Duncanville, TX

      Retail space available in mixed-use development near Highway 67.
      150 Highway 67 E, Duncanville, TX 75137
      View Details
    • Contact for pricing
      8,554 SF

      Duncanville Retail Center Opportunity

      8,554 SF Retail Space Available in Texas
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    • $1.20 SF/Yr
      2,500 SF

      Prime Duncanville Flex Space

      100'+ Tower, Cell/Radio Ready, Lease
      0 Cockrell Hill Rd, Duncanville, TX 75137
      View Details

    Property Visit Statistics

    • Visits by month
      33.3k
    • Visitors by month
      20.4k
    • Avg Time on site
      6 min
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    Duncanville, TX 75137-3017
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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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