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    Property profile & analytics

    302 Main St Duncanville, TX 75116-3651

    • Retail space
    • 9,499 SF
    • 0.38 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1961105
    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

    • Jespersen Family Drug Inc / Pharmacy
    • Amazon Hub Counter - Health Mart Pharmacy / Mailing Service / E-Commerce Service

    Property Details for 302 Main St

    Year built
    1955
    Construction
    TILT-UP CONCRETE
    Lot size
    0.38 lot acres
    Property size
    9,499 SF
    Zone code
    Z27
    Property type
    Retail space
    APN
    22000500010080000
    APU
    22000500010080000

    Description

    This exceptional 12,661 square foot retail property, located at 302 N Main Street in Duncanville, Texas, presents a unique investment opportunity. Situated on a 0.38-acre lot in the heart of Historic Downtown Duncanville, this landmark building boasts unparalleled visibility along Main Street. For decades, it has served as a community anchor, witnessing and contributing to the growth of Duncanville and Southwest Dallas. The property's timeless elegance is evident in its architectural details, including a grand clock tower. Ample parking is available, complemented by prominent pylon and monument signage, ensuring maximum exposure for any business. The versatile space is suitable for a variety of uses, including retail, medical offices, general office space, or even a special events center. The property's prime location and historical significance offer significant redevelopment potential. Furthermore, economic incentives are available, making this an attractive proposition for discerning investors seeking a high-impact property in a thriving community. The asking price is $2,500,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Duncanville
    County
    Dallas
    State
    Texas
    Longitude
    -96.9078
    Latitude
    32.6539
    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
    $10,220
    $67,000
    $382,400
    $449,400
    -
    $67,000
    $382,400
    $449,400

    Comparable in this City

    • Value Estimation by Request
      3,090 SF

      220 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,090 SF
      220 Main St, Duncanville, TX 75116-3649
      View Details
    • Value Estimation by Request
      2,398 SF

      102 Cedar Rdg Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,398 SF
      102 Cedar Rdg Dr, Duncanville, TX 75116-3139
      View Details
    • Value Estimation by Request
      1,620 SF

      738 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,620 SF
      738 Main St, Duncanville, TX 75116
      View Details
    • Value Estimation by Request
      1,245 SF

      819 Oriole Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,245 SF
      819 Oriole Blvd, Duncanville, TX 75116-2727
      View Details
    • Value Estimation by Request
      510 SF

      316 Main St

      RETAIL STORES (PERSONAL SERVICES) • 510 SF
      316 Main St, Duncanville, TX 75116-3651
      View Details
    • Value Estimation
      $2,140,000
      14,604 SF

      750 Wheatland Rd

      RETAIL STORES (PERSONAL SERVICES) • 14,604 SF
      750 Wheatland Rd, Duncanville, TX 75116-4521
      View Details

    Similar Nearby for Sale

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      Established Pet Store and Salon

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      NNN Lease Retail Investment

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    • $1,450,000

      Corner Lot in Duncanville

      Prime location with parking, ideal for retail or office.
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      Prime Duncanville Retail Trio

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    Similar Nearby for Lease

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      Duncanville Retail Space For Lease

      Retail space available in Red Bird Village Shopping Center.
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      Retail Space in Duncanville, Texas

      Retail suite available for lease in Duncanville, Texas.
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    • New
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      7,245 SF

      Versatile Commercial Space on Wheatland

      Adaptable commercial property suitable for retail, office, or service businesses.
      527 W Wheatland Rd, Duncanville, TX 75116
      View Details
    • New
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      55,975 SF

      Versatile Commercial Property on Wheatland Road

      1,995 SF commercial property ideal for retail, office, or service-based businesses.
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    • $12 SF/Yr
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      Retail Space in High-Visibility Center

      Retail spaces available in a busy Dallas suburb shopping center.
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    • $8 SF/Yr
      3,578 SF

      Retail Space on Camp Wisdom

      Retail space available in busy Duncanville shopping center.
      306-328 E Camp Wisdom Rd, Duncanville, TX 75116
      View Details
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    302 Main St
    Duncanville, TX 75116-3651
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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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