Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land with Office Building Title is generated by Realmo AI

    5134 Northwest Highway, Garland, TX 75043

    View on Map
    Claim this Listing
    For Sale
    $695,000

    LAND - Garland, TX

    Lot size:
    3.15 Acres
    Added:
    May 26, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 3 at 12:06 am

    Property Features for 5134 Northwest Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    26387000010010100
    Lot size
    3.15 Acres

    Taxes and HOA fees

    Tax Description
    NEW WORLD METHODIST CHURCH BLK 1 LT 1.1 ACS 3.1490

    We can help!

    Listing Contact
    Shobin Mathew

    Listing agent Shobin Mathew License #0808014

    Listing office Alive Real Estate, LLC Dallas, TX

    Listing date May 26, 2026

    MLS# 21277411 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

    • Approximately 3.15 acres of unimproved commercial‑zoned land at 5134 Northwest Highway, Garland, TX 75043
    • Zoned for commercial use with permitted uses including church or general office
    • Includes an existing 1,200 SF building on the property
    • Located adjacent to New World United Methodist Church
    • Parcel ID: 26387000010010100
    • Buyer advised to contact the City of Garland Planning and Zoning Department about replatting and development requirements after closing

    Overview

    This offering includes approximately 3.15 acres of unimproved commercial land with an existing 1,200-square-foot building on-site. The property is zoned for commercial use, with permitted uses that include church or general office, providing flexibility for an owner-operator or redevelopment plan. An existing structure is positioned adjacent to New World United Methodist Church, which may support continued community or office-oriented use.

    The land is located at 5134 Northwest Highway in Garland, Texas, and is described as offering strong visibility and accessibility for future development. Prospective buyers are encouraged to contact the City of Garland Planning and Zoning Department regarding replatting procedures and development requirements after closing.

    From a tenant and buyer perspective, this is a practical fit for users seeking a commercially zoned site that can accommodate a church or general office, whether through utilization of the existing building or through future development aligned with city requirements. Given the unimproved acreage and the stated visibility advantages, it may also appeal to developers looking for a commercial parcel with permitted land uses to support a new build or reconfigured site plan.
    Property Profile Location Intelligence

    Current Use by Public Records

    New World United ... Church New World United ... High School

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.6345004
    Latitude
    32.8551812

    Nearby Similar for Sale

    • $1,350,000
      4,160 SF

      Quadplex Income Property

      Four 2BR/2BA units with individual utility meters and prior HVAC, plumbing, and foundation updates for stable rental income.
      2813 & 2821 Wimbledon Court, Garland, TX 75041
      View Details
    • $500,000

      Retail Development Site with Visibility

      Two commercial retail lots with a 1950s building, offering strong visibility and redevelopment potential on a high-traffic corridor.
      500 Ford Street, Garland, TX 75040
      View Details
    • $3,200,000

      Mixed-Use Development Land Parcel

      Served by completed driveways, utilities, and detention, this PD CR site is ready for future build-to-suit plans.
      4900 N Garland Avenue, Garland, TX 75040
      View Details

    FAQs

    What type of property is this?
    Commercial land - Unimproved commercial land with an existing building, zoned for church or general office development.
    Where is this commercial land located?
    The property is located at 5134 Northwest Highway Garland, TX.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Approximately 3.15 acres of unimproved commercial‑zoned land at 5134 Northwest Highway, Garland, TX 75043; Zoned for commercial use with permitted uses including church or general office; Includes an existing 1,200 SF building on the property
    (972) 768-9356
    We can help!
    Listing Contact
    Shobin Mathew
    Real Estate License ID: 0808014
    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
    5134 Northwest Highway, Garland, TX 75043
    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!