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    Property profile & analytics

    515 N Cedar Ridge Dr Duncanville, TX 75116

    • Office buildings
    • 15,218 SF
    • 0.96 lot acres
    For Lease
    View listing
    $1,931 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3690076
    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

    • Lynda R. Johnson, LPC / Counselor
    • Haylow Insurance Group / Auto Insurance Agency / Commercial Agent
    • Taxes On the Go / Tax Preparation Service
    • Renee L. Frazier, LPC / Doctor

    Property Details for 515 N Cedar Ridge Dr

    Year built
    1985
    Construction
    TILT-UP CONCRETE
    Lot size
    0.96 lot acres
    Property size
    15,218 SF
    Zone code
    Z95
    Property type
    Office buildings
    APN
    602535000117A0000
    APU
    602535000117A0000

    Description

    American Plaza II, a 15,218-square-foot multi-tenant office building in Duncanville, Texas, offers executive office suites for lease. Located at 515 N Cedar Ridge Dr, 75116, this property boasts a prime location approximately one mile south of I-20 and with easy access from Highway 67. The building underwent renovations in 2017, resulting in an upscale finish featuring ceramic tile and a wood staircase. Currently, several tenants occupy the space, including Allegiance Title Company and Manifested Evidence, Inc. Available spaces range from a minimum of 198 square feet to a maximum contiguous space of 2,145 square feet, with a total of 3,921 square feet currently vacant. Ample parking is provided with approximately 75 spaces, offering a 4.93 parking ratio. The building offers prominent signage opportunities, including monument signage facing Cedar Ridge Drive and façade space available for larger suites. Lease rates are inclusive of utilities, maintenance, and common area janitorial services. The property is situated in Dallas County and offers a convenient and well-maintained workspace. This is an excellent opportunity for businesses seeking high-quality office space in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,295,000
      Current use
      RETAIL STORES
      $1,500,000
      Change: +16% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Duncanville
    County
    Dallas
    State
    Texas
    Longitude
    -96.9262
    Latitude
    32.657
    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
    $33,315
    $210,000
    $1,255,000
    $1,465,000
    -
    $210,000
    $1,255,000
    $1,465,000

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

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      $810,000
      10,356 SF

      606 Oriole Blvd

      OFFICE BUILDING • 10,356 SF
      606 Oriole Blvd, Duncanville, TX 75116-3500
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      $555,000
      8,800 SF

      614 Wheatland Rd

      OFFICE BUILDING • 8,800 SF
      614 Wheatland Rd, Duncanville, TX 75116-4518
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    • Value Estimation by Request
      3,409 SF

      204 Cedar Rdg Dr

      OFFICE BUILDING • 3,409 SF
      204 Cedar Rdg Dr, Duncanville, TX 75116-4529
      View Details
    • Value Estimation by Request
      2,500 SF

      111 Davis St

      OFFICE BUILDING • 2,500 SF
      111 Davis St, Duncanville, TX 75116-3614
      View Details
    • Value Estimation by Request
      6,771 SF

      1019 Duncanville Rd

      OFFICE BUILDING • 6,771 SF
      1019 Duncanville Rd, Duncanville, TX 75116-2213
      View Details

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      Duncanville Office Investment Opportunity

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    Similar Nearby for Lease

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      Duncanville Office Space Available

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    • $6 SF/Yr
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      Duncanville Office Space Available

      Flexible Offices in Dallas County
      111 Cedar Ridge Dr, Duncanville, TX 75116
      View Details
    • $1,000 /Mo
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      Versatile Commercial Space Available

      Adaptable office space in a modern, cutting-edge commercial property.
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      Duncanville Office Space For Rent

      Office space for lease on Main St, Duncanville, TX.
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    • New
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      Fair North Shopping Center: Duncanville Retail

      Prime Duncanville Retail/Office Space Available
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      View Details
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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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