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    205-275 Cedar Sage Dr Garland, TX 75040

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    For Lease
    Contact for pricing

    Office space for lease in Firewheel Town Center.

    Property size:
    1,541 SF
    Lot size:
    71.70 Acres

    Property Features for 205-275 Cedar Sage Dr

    General Information

    Size
    1,541 SF
    Lot size
    71.70 Acres

    We can help!

    Listing Contact
    Trevor Franke
    Trevor Franke
    Source: Moodyscre

    Listing Agent: Trevor Franke

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

    Learn more

    Overview

    Office Space in Garland, TX

    Office space is available for lease at Firewheel Town Center Building 1B, located at 245 Cedar Sage Dr in Garland, Texas. Firewheel Town Center is a mixed-use destination located northeast of Dallas in the Dallas-Fort Worth Metroplex, conveniently situated off the President George Bush Turnpike and Highway 78. The location provides easy access for employees and clients. The property includes over 1 million square feet of retail, restaurants, multifamily residences, wellness and fitness facilities, and entertainment options. The location offers tenants the ability to meet clients for coffee, take teams out to lunch, and enjoy happy hour after work without needing to drive. The property features greenspace with a central park, a large water feature, and seating options. Key fob access is provided. A dedicated on-site property management team is available. The location offers walkability with restaurants, retail, entertainment, wellness and fitness options, and luxury residential units. Surface parking is available adjacent to the office buildings, with up to 5 spaces per 1,000 square feet. Outdoor seating and green space are available. Signage opportunities are available with visibility, with an estimated annual foot traffic of 14 million. New LED lights are installed in all tenant spaces and common areas.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness 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
    -96.612987
    Latitude
    32.9540291

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    FAQs

    What type of property is this?
    Office space - Office space for lease in Firewheel Town Center.
    Where is this office space located?
    The property is located at 205-275 Cedar Sage Dr Garland, TX.
    What are key features of this property?
    This property features: - Prime Location in Firewheel Town Center: Live, work, play, shop destination with over 1 million SF of retail, restaurants, entertainment, and residential options.; - Unparalleled Walkability: Abundance of restaurants, retail, entertainment, wellness/fitness options within walking distance.; - Convenient Access: Located off President George Bush Turnpike and Highway 78, providing easy access for employees and clients.
    (214) 438-6174
    Request Owner's contact information
    205-275 Cedar Sage Dr Garland, TX 75040
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    Garland, TX 75040
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    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
    205-275 Cedar Sage Dr Garland, TX 75040
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    We can help!
    Listing Contact
    Trevor Franke
    Trevor Franke
    Real Estate License ID: 444817
    (214) 438-6174
    Learn more
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