Add Listing
    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

    609 Gatewood Rd Garland, TX 75043

    View on Map
    Sponsored
    For Sale
    $126,000

    Unimproved Land - Garland, TX

    Type:Unimproved Land
    Lot size:
    0.38 Acres
    Days on Market:
    12
    Last Refresh:
    Mar 17 at 4:06 am

    Property Features for 609 Gatewood Rd

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    65076139510350000
    Lot size
    0.38 Acres

    Building Details

    Year built
    1960
    Architectural style
    Other

    We can help!

    Listing Contact
    Kenia Sanchez

    Compass RE Texas, LCC (214) 814-8100

    Listing agent Kenia Sanchez (214) 814-8100 License #0706556

    Listing date Mar 5, 2026

    MLS# 21042974 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

    Residential Land in Prime Location

    This vacant lot, approximately 0.38 acres, is zoned for single-family residential use. It offers a builder opportunity with easy access to Highway 30 and 635. The lot dimensions are 195x85. Approved floor plans are included and will transfer with the sale. Drainage is installed, and a water meter and electric pole are located at the front of the property. This property is located in Garland, Texas, in Dallas County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.605033
    Latitude
    32.860784

    Nearby Similar for Sale

    • $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
    • $1,450,000
      4,486 SF

      Equipped Car Dealership on Garland

      Turnkey car dealership with office, storage, and mechanic shop.
      2623 S Garland Ave, Garland, TX 75041
      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
    • $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
      0.86 Acres

      Established Car Wash Investment Opportunity

      Family-owned car wash in Garland, TX, with strong income potential.
      3025 Arapaho Rd, Garland, TX 75044
      View Details
    • New
      $2,350,000
      14,720 SF

      Garland Multifamily Investment Opportunity

      24-unit apartment complex in downtown Garland with value-add potential.
      104 S 11Th St, Garland, TX 75040
      View Details
    • $675,000
      0.20 Acres

      Income-Producing Townhome Style Fourplex

      Fully leased fourplex with townhome-style units and recent renovations.
      2722 Wimbledon Ct, Garland, TX 75041
      View Details
    • New
      $749,900
      3.65 Acres

      Garland, TX Quadruplex For Sale

      Income-producing four-unit building in Garland, all units currently leased.
      3959 N Garland Ave, Garland, TX 75040
      View Details
    • $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
    • New
      $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
    • $330,000
      240 SF

      Downtown Garland Car Lot Opportunity

      Car lot with building in high-traffic Garland location for sale.
      508 Avenue D W, Garland, TX 75040
      View Details
    • $849,999
      0.50 Acres

      Garland Car Wash Business Opportunity

      Self-service car wash with real estate in high-traffic location.
      2521 Belt Line Rd, Garland, TX 75044
      View Details

    FAQs

    What type of property is this?
    Land - Vacant lot for sale in a prime location.
    Where is this land located?
    The property is located at 609 Gatewood Rd Garland, TX.
    What is the asking price?
    The asking price for this property is $126,000.
    What are key features of this property?
    This property features: - Approved floorplans included with the sale, saving time and expense.; - Prime location with easy access to highways 30 and 635.; - Large lot (approximately 0.38 acres, 195x85) zoned for single-family residential.
    (214) 368-4663
    Request Owner's contact information
    609 Gatewood Rd Garland, TX 75043
    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.
    609 Gatewood Rd
    Garland, TX 75043
    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
    609 Gatewood Rd Garland, TX 75043
    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
    Kenia Sanchez
    Real Estate License ID: 0706556
    (214) 368-4663 (214) 649-2023 (888) 865-3006
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!