Automotive Property with
For Sale
$1,149,900
200 E Avenue A, Garland, TX 75040
The offering combines commercial land with an existing office space currently used in car dealership operations.
Property Size1,212 SF
Lot Size0.40 Acres
Price / SF$948.76
Days on Market76
Property Features for 200 E Avenue A
General Information
Standard status
Active
Size
1,212 SF
Lot size
0.40 Acres
Building Details
Year Built
1970
Buildings
1
Abandoned
No
Listing Agency:
Allie Beth Allman & Assoc.
Listed By:
John Scoggins · License #0632067
(214) 521-7355
Source:
Christenberrygroup
Added: Jul 30
Changed: Sep 14
Last Checked: Oct 7 at 1:34PM
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 Allie Beth Allman & Assoc.
Investment Insights
Based on property information with market context.
This automotive property includes two separate parcels totaling 0.40 acres, along with a 1,212-square-foot office space. The current owners operate a car dealership from the site, pairing an office component with commercial land. The property carries a 1970 year-built designation.
Located at 200 E Avenue A in Garland, Texas, the offering provides a defined commercial address for the existing automotive operation. Each parcel measures 0.20 acres, and the owners are willing to sell either parcel individually.
Located at 200 E Avenue A in Garland, Texas, the offering provides a defined commercial address for the existing automotive operation. Each parcel measures 0.20 acres, and the owners are willing to sell either parcel individually.
Key Highlights
- Two parcels totaling 0.40 acres
- Each parcel measures 0.20 acres
- Includes a 1,212‑square‑foot office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,598
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,391,960
$1.4M
Cap Rate 7%
$994,257
$994.3K
Cap Rate 9%
$773,311
$773.3K
Market Conditions
NOI Build-Up for 1,212 SF
Gross rent
$124.1K $102.36/SF
− Vacancy
−$31.3K −$25.79/SF
EGI
$92.8K $76.57/SF
− OpEx
−$23.2K −$19.14/SF
NOI
$69.6K $57.42/SF
Area
Garland, TX
Vacancy
25.20%
Lease Rate
$102.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,391,960
Cap Rate 7%
$994,257
Cap Rate 9%
$773,311
Alternative Uses
Best Use
Office B
$994.3K
$870.0K – $1.16M
NOI $69,598 @ 7.0% cap · market cap 6.05%
Second Best
Retail
$278.6K
$243.8K – $325.0K
NOI $19,502 @ 7.0% cap · market cap 1.70%
Theoretical Best
Office A
$1.45M
$1.27M – $1.70M
NOI $101,801 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75040, TX
64,035
Population
21,629
Households
3
Avg Household Size
36
Median Age
23%
College-Educated
77%
High-School Grad
15.7 sq mi
ZIP Area
4,079
Density / Sq Mi
$73,537
Median Household Income
$39,019
Median Earnings
$1,670
Median Rent
$245,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - The offering combines commercial land with an existing office space currently used in car dealership operations.
Where is this automotive property located?
The property is located at 200 E Avenue A Garland, TX.
What is the asking price?
The asking price for this property is $1,149,900.
What are key features of this property?
This property features: Two parcels totaling 0.40 acres; Each parcel measures 0.20 acres; Includes a 1,212‑square‑foot office space
