Office and Retail Showroom
For Sale
$1,149,900
200 E 200 E Avenue A, Garland, TX 75040
Sale includes two parcels plus an existing 1,212-square-foot office space in a high-traffic commercial area.
Property Size1,212 SF
Lot Size0.40 Acres
Price / SF$948.76
Days on Market47
Property Features for 200 E 200 E Avenue A
General Information
Standard status
Active
Size
1,212 SF
Lot size
0.40 Acres
Property subtype
Industrial
Building Details
Year Built
1970
Listing Agency:
Allie Beth Allman & Assoc.
(214) 794-7662
Listed By:
John Scoggins · License #0632067
(214) 794-7662
Source:
Xome
Added: Jul 17
Changed: Jul 18
Last Checked: Aug 31 at 3:31PM
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 offering includes two (2) parcels of approximately 0.20 acres each, for a total of about 0.40 acres, along with an existing 1,212-square-foot office space. The office can be used for various business purposes, and the current owners operate a car dealership.
The property is situated in a high-traffic commercial area in Garland, designed to support convenient access and visibility for clients and staff.
The owner is also willing to sell either parcel individually, providing flexibility for buyers looking for a smaller footprint.
The property is situated in a high-traffic commercial area in Garland, designed to support convenient access and visibility for clients and staff.
The owner is also willing to sell either parcel individually, providing flexibility for buyers looking for a smaller footprint.
Key Highlights
- Sale includes 2 parcels totaling 0.40 acres (.20 acres each).
- Includes an existing 1,212‑square‑foot office space.
- Office includes 3 guest facilities.
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
Current Use
Location Intelligence
Trade Area within ½ mile
1,145
Businesses Nearby
Under-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?
Showroom - Sale includes two parcels plus an existing 1,212-square-foot office space in a high-traffic commercial area.
Where is this showroom located?
The property is located at 200 E 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: Sale includes 2 parcels totaling 0.40 acres (.20 acres each).; Includes an existing 1,212‑square‑foot office space.; Office includes 3 guest facilities.
