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    Standalone Office Suite Title is generated by Realmo AI

    1449 Forest Lane, Garland, TX 75042

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    For Lease
    $4,200/Mo $14 SF/Yr (calc)

    COMMERCIAL - Garland, TX

    Type:Office
    Property size:
    3,400 SF
    Lot size:
    0.74 Acres
    Added:
    May 26, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 3 at 12:06 am

    Property Features for 1449 Forest Lane

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    Parking Lot
    Security features
    Security
    Standard status
    Active
    APN
    26028900010010000
    Lot size
    0.74 Acres

    Taxes and HOA fees

    Tax Description
    BAKER BLK 1 LOT 1 ACS .654 NET OF FP VOL84180

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1986
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Laminate, Carpet
    Building materials
    Brick
    Roof type
    Composition, Tar/Gravel

    We can help!

    Listing Contact
    Hung Dinh

    Listing agent Hung Dinh License #0471167

    Listing office Vina Realtors LLC Garland, TX

    Listing date May 26, 2026

    MLS# 21138088

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • One suite totaling 3,400 SF, with NNN lease rate of $3.00 per SF
    • Built in 1986 with brick construction
    • Central heating and central air conditioning
    • Public water service and public sewer
    • Roof includes composition and tar/gravel materials
    • Parking lot on site

    Overview

    This standalone office suite is available for lease and includes a single, dedicated space measuring 3,400 square feet. The offering is structured with a $3.00 per square foot NNN charge.

    The property is located at 1449 Forest Lane in Garland, Texas, placing it in the heart of the city near Central Park, Granger Recreation Center, Garland Dog Park, the Garland Central Library, and local civic and government facilities. Additional nearby community anchors referenced include Good Shepherd Catholic Parish and a courthouse/government building.

    With its single-suite layout and substantial footprint, the space is best suited for established businesses that need a private office environment and straightforward occupancy. The suite configuration supports professional office use where staff space and dedicated working areas are a priority. For tenants or operators seeking a Garland office near multiple community and public destinations, this suite provides a practical option with clearly defined lease cost components.
    Property Profile Location Intelligence

    Current Use by Public Records

    State Farm Insurance Insurance Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.6519045
    Latitude
    32.9095504

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    FAQs

    What type of property is this?
    Office units - Office suite offered with NNN charges, positioned near prominent Garland civic and community destinations.
    Where is this office units located?
    The property is located at 1449 Forest Lane Garland, TX.
    What is the lease rate?
    The lease rate is $4,200 /Mo.
    What are key features of this property?
    This property features: One suite totaling 3,400 SF, with NNN lease rate of $3.00 per SF; Built in 1986 with brick construction; Central heating and central air conditioning
    (972) 675-2288
    We can help!
    Listing Contact
    Hung Dinh
    Real Estate License ID: 0471167
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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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