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    Property profile & analytics

    609 Main St Duncanville, TX 75116-4713

    • Office buildings
    • 5,720 SF
    • 0.39 lot acres
    OFF-MARKET
    Last Sale
    Mar 17, 2023
    Value Estimations
    $360,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4605985
    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

    • K Clinic / Diagnostic Center / Medical Clinic
    • Shola Philip Akinfiresoye / Nurse Practitioner / Family Practice Physician
    • Shola Akinfiresoye / Nurse Practitioner / Family Practice Physician
    • Benard Choi / Nurse Practitioner

    Property Details for 609 Main St

    Year built
    1982
    Construction
    FRAME
    Lot size
    0.39 lot acres
    Property size
    5,720 SF
    Zone code
    Z137
    Property type
    Office buildings
    APN
    65056608020180000
    APU
    65056608020180000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $355,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $452,000
      Market price range: $296k - $717k

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

    Location Insight

    • Map
    • Local Demand
    City
    Duncanville
    County
    Dallas
    State
    Texas
    Longitude
    -96.9088
    Latitude
    32.6465
    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
    $11,437
    $96,600
    $406,350
    $502,950
    -
    $96,600
    $406,350
    $502,950

    Comparable in this City

    • Value Estimation
      $315,000
      720 SF

      934 Duncanville Rd

      OFFICE BUILDING • 720 SF
      934 Duncanville Rd, Duncanville, TX 75116-2608
      View Details
    • Value Estimation
      $595,000
      19,582 SF

      402 Wheatland Rd

      OFFICE BUILDING • 19,582 SF
      402 Wheatland Rd, Duncanville, TX 75116-4600
      View Details
    • Value Estimation
      $325,000
      2,400 SF

      211 Freeman St

      OFFICE BUILDING • 2,400 SF
      211 Freeman St, Duncanville, TX 75116-4855
      View Details
    • Value Estimation
      $555,000
      10,356 SF

      606 Oriole Blvd

      OFFICE BUILDING • 10,356 SF
      606 Oriole Blvd, Duncanville, TX 75116-3500
      View Details
    • Value Estimation
      $385,000
      8,800 SF

      614 Wheatland Rd

      OFFICE BUILDING • 8,800 SF
      614 Wheatland Rd, Duncanville, TX 75116-4518
      View Details
    • Value Estimation
      $325,000
      3,409 SF

      204 Cedar Rdg Dr

      OFFICE BUILDING • 3,409 SF
      204 Cedar Rdg Dr, Duncanville, TX 75116-4529
      View Details

    Similar Nearby for Sale

    • $989,000
      3.11 Acres

      Spacious Duncanville Office on Acreage

      Expansive office property with detached building and highway access.
      722 E Wheatland Rd, Duncanville, TX 75116
      View Details
    • $700,000
      3,675 SF

      Medical Office Building For Sale

      Medical office building featuring multiple exam rooms and office spaces.
      523 W Wheatland Rd, Duncanville, TX 75116
      View Details
    • Contact for pricing

      Duncanville Industrial Distribution Center

      Prime Distribution Space, 16' Clear Height
      1010 Duncanville Rd, Duncanville, TX 75116
      View Details
    • $1,450,000

      Corner Lot in Duncanville

      Prime location with parking, ideal for retail or office.
      734 Cavan Rd, Duncanville, TX 75116
      View Details
    • $1,200,000
      1.29 Acres

      Spacious Commercial Property on Wheatland Road

      7,245 SF commercial property with five suites, ideal for medical.
      529 W Wheatland Rd, Duncanville, TX 75116
      View Details
    • $85,000
      0.31 Acres

      Heavily Treed Lot in Duncanville

      Unimproved treed lot in Duncanville, TX. Septic system required.
      1207 Rita Ln, Duncanville, TX 75116
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,013 SF

      Duncanville Office Space Available

      Office space for rent in Duncanville, Texas, 1013 square feet.
      1314 S Main St, Duncanville, TX 75116
      View Details
    • $6 SF/Yr
      5,921 SF

      Duncanville Office Space Available

      Flexible Offices in Dallas County
      111 Cedar Ridge Dr, Duncanville, TX 75116
      View Details
    • Contact for pricing
      440 SF

      Duncanville Office Space For Rent

      Office space available for lease in Duncanville, Texas.
      215 E Freeman St, Duncanville, TX 75116
      View Details
    • $15 SF/Yr
      903 SF

      Duncanville Office Space For Rent

      Office space for lease on Main St, Duncanville, TX.
      210 S Main St, Duncanville, TX 75116
      View Details
    • $1,000 /Mo
      1,078 SF

      Versatile Commercial Space Available

      Adaptable office space in a modern, cutting-edge commercial property.
      100 S Main St, Duncanville, TX 75116
      View Details
    • $1,915 /Mo
      7,245 SF

      Versatile Commercial Property on Wheatland Road

      1,915 SF commercial property ideal for retail or office use.
      527 W Wheatland Rd, Duncanville, TX 75116
      View Details
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    609 Main St
    Duncanville, TX 75116-4713
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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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