Automotive Property With Office
For Sale
$1,149,900
200 E Avenue A, Garland, TX 75040
CommercialSale, Garland, TX
Property Size1,212 SF
Lot Size0.41 Acres
Price / SF$948.76
Days on Market51
Property Features for 200 E Avenue A
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Heavy Commercial
Parking features
Parking Lot, Gated
Subdivision
Downtown Garland
Directions
From PGBT take Lavon Drive South, left on First St., Left on Ave. A, property on your right. From 635 E take Forrest which turns into Ave D, Left on First St., right on Ave A, property on your right From 635 W take W Centerville RRd.ad, left on First St., right on Ave A, property on your right.
Standard status
Active
APN
26100500020150000
Lot size
0.41 Acres
Taxes and HOA fees
Tax Annual Amount
1930
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1970
Floors in Building
1
Number of units
1
Flooring type
Tile, Carpet
Building materials
Block, Concrete, TiltUp
Roof type
Tar/Gravel
Listing Agency:
Allie Beth Allman & Assoc. · Berkshire Hathaway HomeServices
(214) 521-7355
Listed By:
John Scoggins · License #0632067
(214) 528-2500
Added: Jul 15
Changed: Sep 2
Last Checked: Sep 3 at 7:06AM
MLS# 20860451
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This automotive property at 200 E Avenue A in Garland includes two parcels and a 1,212-square-foot office building. The existing office is currently associated with a car dealership and features tile and carpet flooring, central air conditioning, and natural-gas heating. Block, concrete, and tilt-up construction, along with a tar-and-gravel roof, are documented for the building, which dates to 1970.
The property has a gated parking lot and is served by public water and public sewer. The office component provides an established commercial structure for automotive operations or other uses supported by the property’s existing configuration.
The property has a gated parking lot and is served by public water and public sewer. The office component provides an established commercial structure for automotive operations or other uses supported by the property’s existing configuration.
Key Highlights
- Two parcels included in the sale
- 1,212‑square‑foot office space
- Existing car dealership operation
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
$69,598
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
6.05%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,203
Businesses Nearby
Balanced
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 - Two-parcel commercial property with an existing office, gated parking, and public utilities.
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 included in the sale; 1,212‑square‑foot office space; Existing car dealership operation
