Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2623 S Garland Ave Garland, TX 75041

    Sponsored
    For Sale
    $1,450,000

    Retail - Garland, TX

    Type:Retail
    Property size:
    4,486 SF
    Lot size:
    0.42 Acres
    Days on Market:
    14
    Last Refresh:
    Feb 6 at 11:06 am

    Property Features for 2623 S Garland Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    26664500000050000
    Parking features
    Carport, Covered, Garage, Parking Lot, Workshop
    Size
    4,486 SF
    Lot size
    0.42 Acres

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1951
    Flooring type
    Concrete, Vinyl
    Building materials
    Aluminum Siding, Brick
    Roof type
    Mixed
    Architectural style
    Other

    We can help!

    Listing Contact
    Lorena Williamson

    Ultima Real Estate (972) 980-9393

    Listing agent Lorena Williamson (972) 980-9393 License #0515992

    Listing date Jan 24, 2026

    MLS# 21155882 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Equipped Car Dealership on Garland

    This 0.42-acre property, currently operating as a car dealership, is designed for automotive business success. The sale includes two addresses (2623 S Garland Ave and 2615 S Garland Ave), totaling approximately 4,486 square feet of building space. The property features a 1,710 sq ft office building with a restroom, suitable for customer service, sales, and administrative functions. A 1,276 sq ft three-car garage provides secure storage for inventory, detailing, or parts and includes a restroom. The mechanic shop at 2615 S. Garland, included in the sale, offers 1500 sq ft with its own office, restroom, and a two-car garage equipped with a lift, ideal for repairs, inspections, and value-added services. The on-site mechanic shop enables full-service dealership operations. The property benefits from a strategic location with excellent access, visibility, and traffic flow.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Exclusive Automotive LLC Car Dealership Exclusive Cycles Motorcycle Shop

    Suggested Use

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

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

    Similar Places Nearby

    Budget Car Rental, Rent-A-Car, Avis Car Rental, Toyota Rent a Car of Dallas/Fort Worth, Budget Truck Rental

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.655191
    Latitude
    32.886595

    Nearby Similar for Sale

    • $3,999,900
      13.55 Acres

      Lakefront Condo Units Investment Opportunity

      25 condo units near Lake Ray Hubbard, allows short term rentals.
      4492 Chaha Rd, Garland, TX 75043
      View Details
    • $6,200,000
      2.58 Acres

      New Townhome Community Investment Opportunity

      Fully occupied 18-unit townhome community in Garland, Texas.
      3214 Wexford Dr, Garland, TX 75043
      View Details
    • $675,000
      0.20 Acres

      Turnkey Garland Townhome-Style Fourplex

      Fully leased, income-producing fourplex with townhome-style units and recent renovations.
      2722 Wimbledon Ct, Garland, TX 75041
      View Details
    • New
      $775,000
      0.24 Acres

      Garland, TX Quadruplex For Sale

      Investment opportunity: Quadruplex in Garland, TX with tenant occupancy.
      2117 W Walnut St, Garland, TX 75042
      View Details
    • $1,149,900
      0.41 Acres

      Garland Commercial Property with Office

      Two parcels with office space in high-traffic Garland location.
      200 Avenue A E, Garland, TX 75040
      View Details
    • $950,000
      0.43 Acres

      Garland Flex Space For Sale

      Flex space with residence, office, and bays near State HWY.
      522 W Walnut Cir, Garland, TX 75040
      View Details
    • $13,500,000
      1.80 Acres

      Garland Car Wash & Lube

      State-of-the-art car wash and lube center in Garland, Texas.
      5423 Naaman Forest Blvd, Garland, TX 75044
      View Details
    • $2,475,000
      14,720 SF

      Garland Multifamily Investment Opportunity

      24-unit multifamily property with value-add potential in downtown Garland, TX.
      104 S 11Th St, Garland, TX 75040
      View Details
    • $1,050,000
      0.52 Acres

      Turn-Key Restaurant in Garland, TX

      Established fast-food restaurant with drive-through, ready for new ownership.
      313 Castle Dr, Garland, TX 75040
      View Details
    • $279,000
      1,553 SF

      Two Homes on One Lot

      Two homes on one lot, great investment opportunity!
      401 E Miller Rd, Garland, TX 75041
      View Details
    • $2,310,000
      10,500 SF

      Leased Strip Center in Garland

      100% leased strip center with long-term tenants and ample parking.
      545 Rowlett Rd, Garland, TX 75043
      View Details
    • $1,100,000
      2,970 SF

      Garland Retail with Drive-Thru

      Retail property with drive-thru, equipment, and high-traffic location.
      6318 Broadway Blvd, Garland, TX 75043
      View Details

    FAQs

    What type of property is this?
    Automotive property - Turnkey car dealership with office, storage, and mechanic shop.
    Where is this automotive property located?
    The property is located at 2623 S Garland Ave Garland, TX.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: - Turnkey car dealership property with multiple improvements on Garland Ave.; - Includes a **1500 sq ft mechanic shop** with office, restroom, and two-car garage with lift.; - Features a 1,710 sq ft office building with a dedicated restroom.
    (972) 980-9393
    Request Owner's contact information
    2623 S Garland Ave Garland, TX 75041
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2623 S Garland Ave
    Garland, TX 75041
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2623 S Garland Ave Garland, TX 75041
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lorena Williamson
    Real Estate License ID: 0515992
    (972) 980-9393
    Learn more
    Google sign-in failed. Please try again or use another login method.