Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    5435 N Garland Ave Garland, TX 75040

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in a Target-anchored shopping center.

    Property size:
    2,723 SF
    Lot size:
    6.06 Acres

    Property Features for 5435 N Garland Ave

    General Information

    Size
    2,723 SF
    Lot size
    6.06 Acres

    We can help!

    Listing Contact
    Maggie Hansen
    Source: Moodyscre

    Listing Agent: Maggie Hansen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space in Garland Center

    Located at the corner of North Garland Avenue and President George Bush Turnpike, North Garland Crossing is a neighborhood shopping center anchored by Target. The location is a primary retail intersection in the trade area. Other retailers and quick service restaurants are located nearby, including Lifetime Fitness, Academy, and Walmart Supercenter. The available retail space is 2723 square feet.
    Location Intelligence

    Current Use by Public Records

    Choice Dental Associates Dentist Choi Yoonhyeok DDS Dentist Texas Benefit Network Health Insurance Agency Precison Property Services, ... Property Management Company Covenant Health Insurance Insurance Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.6452993
    Latitude
    32.966901

    Nearby Similar for Lease

    • $2,500 /Mo
      1,830 SF

      Garland Office Space For Lease

      Commercial space in South Garland near I-30 and Broadway.
      6330 Broadway Unit C Blvd, Garland, TX 75043
      View Details
    • $9,000 /Mo
      20,517 SF

      Established Mechanic Shop For Rent

      Mechanic shop for rent in high-traffic Garland location.
      617 W Centerville Rd, Garland, TX 75041
      View Details
    • New
      $8,500 /Mo
      18,600 SF

      Garland Flex Space For Rent

      Flex space in Garland, TX, suitable for storage, office, commercial uses.
      522 W Walnut Cir, Garland, TX 75040
      View Details
    • $750 /Mo
      12,589 SF

      Garland Retail Lot For Rent

      Paved commercial lot with high traffic and excellent business visibility.
      5514 Broadway Blvd, Garland, TX 75043
      View Details
    • $2,500 /Mo
      44,000 SF

      Retail Space with I-30 Visibility

      Retail space with excellent I-30 access and high traffic exposure.
      710 E Interstate 30, Garland, TX 75043
      View Details
    • $1,650 /Mo
      43,124 SF

      Modern Office Condo Near I-30

      Versatile 1,000 sq ft office condo in Garland, TX.
      6444 Broadway Blvd, Garland, TX 75043
      View Details
    • $2,000 /Mo
      32,104 SF

      Garland Office Space Available

      Office space for lease in central Garland, Texas.
      1449 Forest Ln, Garland, TX 75042
      View Details
    • $3,600 /Mo
      33,106 SF

      Remodeled Office Space For Lease

      Commercial lease space ideal for a variety of business uses.
      401 W Centerville Rd, Garland, TX 75041
      View Details
    • $1,200 /Mo
      1,200 SF

      Remodeled Office Space For Lease

      Commercial lease space ideal for a variety of business uses.
      401 W Centerville Rd, Garland, TX 75041
      View Details
    • $1,547 /Mo
      1,002 SF

      Professional Office Space in Garland, TX

      2,670 SF office suite with lobby, reception, and conference rooms.
      350 Oaks Trl, Garland, TX 75043
      View Details
    • $4,500 /Mo
      1,002 SF

      Functional Office Space in Garland

      Versatile office space with reception, meeting areas, and convenient access.
      362 Oaks Trl, Garland, TX 75043
      View Details
    • New
      $3,945 /Mo
      36,329 SF

      Medical Office Space For Lease

      Medical office suite available in renovated Garland building near I-30.
      1605 N Garland Ave, Garland, TX 75040
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in a Target-anchored shopping center.
    Where is this shopping center located?
    The property is located at 5435 N Garland Ave Garland, TX.
    What are key features of this property?
    This property features: - Target-anchored shopping center.; - Located at the primary retail intersection of North Garland Avenue and President George Bush Turnpike.; - High-traffic location.
    (503) 628-9582
    Request Owner's contact information
    5435 N Garland Ave Garland, TX 75040
    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.
    5435 N Garland Ave
    Garland, TX 75040
    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
    5435 N Garland Ave Garland, TX 75040
    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
    Maggie Hansen
    (503) 628-9582
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.