Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Garland Retail Opportunity For Rent Title is generated by Realmo AI

    500 Ford Street, Garland, TX 75040

    View on Map
    Claim this Listing
    For Lease
    $3,000 /Mo

    Retail - Garland, TX

    Type:Retail
    Lot size:
    0.11 Acres
    Added:
    Jan 22, 2026
    Days on Market:
    114
    Last Refresh:
    May 16 at 11:06 pm

    Property Features for 500 Ford Street

    General Information

    Property type
    Other
    Property subtype
    Retail
    Standard status
    Active
    APN
    26103500210010000
    Lot size
    0.11 Acres

    Utilities

    Heating system
    None (Heating)
    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1950
    Flooring type
    Concrete
    Building materials
    Block, Brick
    Roof type
    Metal, Wood
    Architectural style
    Other

    We can help!

    Listing Contact
    Patty Turner

    Listing agent Patty Turner License #0426347

    Listing office Keller Williams Rockwall 550 Vigor Way Ste 200, Rockwall, TX

    Listing date Jan 22, 2026

    MLS# 21161233 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.

    HighLights

    • Rare commercial retail opportunity with two lots (500 and 504 Ford St.)
    • Almost a quarter acre of land with ample parking.
    • High visibility and high traffic counts on Ave D (HWY 66).
    • Zoned Commercial Retail District.
    • New fire station and development across the street.
    • Building with good possibilities for tenant improvements.

    Overview

    This commercial retail property, also for sale, presents a rare opportunity. The listing includes both 500 and 504 Ford Street, Garland, TX 75040, encompassing almost a quarter acre of land. The property provides ample parking for tenants and customers. Situated on Ave D (HWY 66), the location benefits from high visibility and high traffic counts. The 1950's building offers possibilities with tenant improvements. Both lots are zoned Commercial Retail District. A new fire station and development are under construction across the street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Marcey's Refrigeration & Appliance ... Home Appliance Store

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.6263042
    Latitude
    32.9086241

    Nearby Similar for Lease

    • $2,250/Mo

      Garland Showroom with Highway Visibility

      Showroom with excellent I-30 access and high visibility.
      710 E Interstate 30, Garland, TX 75043
      View Details
    • $3,945/Mo

      Medical Office Space For Lease

      Medical office suite available in renovated Garland building near I-30.
      1605 N Garland Avenue, Garland, TX 75040
      View Details
    • $4,220/Mo
      3,400 SF

      Office Space in Central Garland

      Office space for lease in the heart of Garland, TX.
      1449 Forest Lane, Garland, TX 75042
      View Details
    • $1,547/Mo

      Professional Office Space in Garland, TX

      2,670 SF office suite with lobby, reception, and conference rooms.
      350 OAKS Trail, Garland, TX 75043
      View Details
    • $12 SF/Yr

      Garland Office Space For Lease

      Move-in ready office suites available in Garland, Texas.
      3401 Express Drive, Garland, TX 75041
      View Details
    • $835/Mo

      Functional Commercial Space in Garland

      835 sq ft space ideal for office or showroom use.
      350 OAKS Trail, Garland, TX 75043
      View Details
    • $515/Mo

      Office Space with Dual Entrances

      Flexible office suite with dual entrances and adaptable layout.
      350 OAKS Trail, Garland, TX 75043
      View Details
    • $1,056/Mo

      Spacious Office Suite in Garland

      Large office space with split open floor plan and private access.
      350 Oaks Trail, Garland, TX 75043
      View Details
    • $600/Mo

      Garland Office Space with Access

      600 SF office suite with private exterior access.
      350 Oaks Trail, Garland, TX 75043
      View Details
    • $650/Mo

      Garland Office Space For Rent

      650 SF open office space in Garland, Texas.
      350 OAKS Trail, Garland, TX 75043
      View Details
    • $6,722/Mo

      Warehouse Space in Garland, Texas

      Warehouse space available for lease in Garland, Texas.
      201 Range Drive, Garland, TX 75040
      View Details
    • $1,650/Mo

      Modern Office Condo Near I-30

      Versatile 1,000 sq ft office condo in Garland, TX.
      6444 Broadway Boulevard, Garland, TX 75043
      View Details

    FAQs

    What type of property is this?
    Retail property - Commercial retail space for rent in Garland, Texas.
    Where is this retail property located?
    The property is located at 500 Ford Street Garland, TX.
    What is the lease rate?
    The lease rate is $3,000 /Mo.
    What are key features of this property?
    This property features: Rare commercial retail opportunity with two lots (500 and 504 Ford St.); Almost a quarter acre of land with ample parking.; **High visibility and high traffic counts on Ave D (HWY 66).**
    (972) 772-7000
    We can help!
    Listing Contact
    Patty Turner
    Real Estate License ID: 0426347
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    500 Ford Street, Garland, TX 75040
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!