207,687 SF Garland
For Sale
Contact for pricing
1720 S Jupiter Rd, Garland, TX
Warehouse with office mezzanine and production space for sale.
Property Size207,687 SF
Lot Size18.77 Acres
Price / SF$120.37
Days on Market792
Property Features for 1720 S Jupiter Rd
General Information
Standard status
Active
Size
207,687 SF
Lot size
18.77 Acres
Property subtype
INDUSTRIAL
Listing Agency:
NAI Robert Lynn-Dallas
Listed By:
Mark Miller · License #3404417
(214) 256-7100
Source:
Moodyscre
Added: Jul 18, 2024
Changed: Sep 15
Last Checked: Sep 16 at 2:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Robert Lynn-Dallas
Investment Insights
Based on property information with market context.
This is a 207,687 square foot warehouse property constructed in 1982. The building features a 100,000 square foot office mezzanine and 100,000 square feet dedicated to production. The entire space is equipped with HVAC and includes a dropped ceiling. Loading is facilitated by one dock-high door.
Key Highlights
- 207,687 SF Warehouse
- 100,000 SF Production space
- 100,000 SF Office Mezzanine
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,591,242
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$31,824,840
$31.8M
Cap Rate 7%
$22,732,029
$22.7M
Cap Rate 9%
$17,680,467
$17.7M
Market Conditions
NOI Build-Up for 207,687 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$2.07M $9.96/SF
− Vacancy
−$196.5K −$0.95/SF
EGI
$1.87M $9.01/SF
− OpEx
−$280.8K −$1.35/SF
NOI
$1.59M $7.66/SF
Area
Garland, TX
Vacancy
9.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$31,824,840
Cap Rate 7%
$22,732,029
Cap Rate 9%
$17,680,467
Alternative Uses
Best Use
Office B
$170.37M
$149.08M – $198.77M
NOI $11,926,210 @ 7.0% cap · market cap 47.70%
Second Best
Warehouse
$22.73M
$19.89M – $26.52M
NOI $1,591,242 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$249.21M
$218.06M – $290.74M
NOI $17,444,512 @ 7.0% cap · market cap 69.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
869
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with office mezzanine and production space for sale.
Where is this warehouse located?
The property is located at 1720 S Jupiter Rd Garland, TX.
What is the asking price?
The asking price for this property is $25,000,000.
What are key features of this property?
This property features: 207,687 SF Warehouse; 100,000 SF Production space; 100,000 SF Office Mezzanine
