Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    502 Fountain Pkwy Grand Prairie, TX 75050

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Industrial property for lease with immediate highway access.

    Building Details

    Year built
    1979

    We can help!

    Listing Contact
    Chris Hillman
    Chris Hillman
    Source: Lee-associates

    Listing Agent: Chris Hillman

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

    Learn more

    Overview

    Industrial Space with Highway Visibility

    Located in the Upper Great Southwest Industrial Submarket, this industrial property offers immediate access to Highway 360 and I-30, with high visibility from Highway 360 and Fountain Parkway. Situated on 11.49 acres of land, the property features heavy power: 3,000 amps, 480V 3-Phase, 4-Wire. It includes 10,000 to 30,000 square feet of secured dead storage. Flexible lease terms are available.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Americold Logistics - Grand Rapids, Iron Mountain, Mule Box -- Moving & Portable Storage, Extra Space Storage, Premiere Install Movers

    Location Insight

    • Map
    • Local Demand
    City
    Grand Prairie
    County
    Dallas
    State
    Texas
    Longitude
    -97.0587207
    Latitude
    32.7798537

    Nearby Similar for Lease

    • New
      $1,600 /Mo
      8,102 SF

      Prime Retail Space in Downtown

      1000 sqft retail space in Grand Prairie, TX.
      209 E Main St E, Grand Prairie, TX 75050
      View Details
    • $3,100 /Mo
      24,002 SF

      Grand Prairie Office Suite For Lease

      Refined office suite with reception, offices, and conference room.
      726 Dalworth St, Grand Prairie, TX 75050
      View Details
    • $3,800 /Mo
      12,197 SF

      Air Conditioned Warehouse and Office

      Air conditioned warehouse and office space in Grand Prairie, Texas.
      602 E Davis St, Grand Prairie, TX 75050
      View Details
    • $14 SF/Yr
      30,753 SF

      Flexible Warehouse & Office Space

      Versatile warehouse and office facility in established industrial area.
      2970 Eagle Dr, Grand Prairie, TX 75052
      View Details
    • $2,500 /Mo
      27,007 SF

      Shared Medical Office Space Available

      Shared medical office space for rent in Grand Prairie, TX.
      1004 S Carrier Pkwy, Grand Prairie, TX 75051
      View Details
    • $3,500 /Mo
      109,967 SF

      Medical Office in Grand Prairie

      Functional medical office space with exam rooms and reception area.
      2771 Sherman St, Grand Prairie, TX 75051
      View Details
    • $5,000 /Mo
      49,658 SF

      Established Car Wash Business For Rent

      High-traffic car wash with self-service and automatic bays.
      2520 Bardin Rd S, Grand Prairie, TX 75052
      View Details
    • $20 SF/Yr
      38,333 SF

      Renovated Office Building in Grand Prairie

      Fully renovated office building in Grand Prairie's Downtown Redevelopment District.
      308 Dolores Huerta Dr, Grand Prairie, TX 75050
      View Details
    • $5,000 /Mo
      49,658 SF

      Grand Prairie Car Wash Business

      Established car wash business for rent in high-traffic area.
      2520 Bardin Rd, Grand Prairie, TX 75052
      View Details
    • $600 /Mo
      33,672 SF

      Office Space in Grand Prairie

      Office rooms available for rent with included utilities and amenities.
      2505 S Great Southwest Pkwy, Grand Prairie, TX 75052
      View Details
    • $22 SF/Yr
      970 SF

      Grand Prairie Office Space Available

      Office space for lease in a central Metroplex location.
      2100 Virginia Dr, Grand Prairie, TX
      View Details

    FAQs

    What type of property is this?
    Warehouse - Industrial property for lease with immediate highway access.
    Where is this warehouse located?
    The property is located at 502 Fountain Pkwy Grand Prairie, TX.
    What are key features of this property?
    This property features: - Immediate access to Highway 360 and I-30; - High visibility from Highway 360 and Fountain Pky; - Situated on 11.49 acres of land
    (214) 797-2451
    Request Owner's contact information
    502 Fountain Pkwy Grand Prairie, TX 75050
    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.
    502 Fountain Pkwy
    Grand Prairie, TX 75050
    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
    502 Fountain Pkwy Grand Prairie, TX 75050
    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
    Chris Hillman
    Chris Hillman
    (214) 797-2451 (972) 934-4000 (972) 934-4004
    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!