NNN-Leased
For Sale
Contact for pricing
2014 Silver St, Garland, TX 75042
Concrete tilt-wall construction includes climate-controlled warehouse and office areas with multiple loading doors.
Property Size8,670 SF
Price / SF$200.69
Days on Market50
Property Features for 2014 Silver St
General Information
Standard status
Active
Size
8,670 SF
Class
B
Total Parking Spaces
34
Property subtype
Industrial
Zoning
Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$121,800
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
22 ft
Conditioned Warehouse
Yes
Amenities
private offices
conference room
reception area
break room
restrooms
Building Details
Year Built
1982
Year Renovated
2012
Buildings
1
Tenancy
Single
Building Size
8,670 SF
Construction
tilt-up concrete
Listing Agency:
Compass RE Texas
(682) 226-6938
Listed By:
Jacob Stevenson · License #0706671
Source:
Crexi
Added: Jul 14
Changed: Aug 31
Last Checked: Aug 31 at 4:38AM
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 Compass RE Texas
Investment Insights
Based on property information with market context.
This Class B industrial warehouse contains approximately 8,670 SF within a concrete tilt-wall building constructed in 1982. The facility offers 22-foot clear heights, multiple loading doors, and climate control throughout both the warehouse and office areas. Office improvements include private offices, a conference room, reception area, break room, and restrooms.
The offering includes 2014 Silver St. together with the adjacent parcel at 2026 Silver St., adding land for expansion, outside storage, or redevelopment. The property occupies a corner site with truck maneuvering space, ample parking, and access to major highways. Industrial zoning supports its current commercial-industrial configuration. A long-term NNN lease remains in place through 2029 and includes scheduled annual rent increases.
The offering includes 2014 Silver St. together with the adjacent parcel at 2026 Silver St., adding land for expansion, outside storage, or redevelopment. The property occupies a corner site with truck maneuvering space, ample parking, and access to major highways. Industrial zoning supports its current commercial-industrial configuration. A long-term NNN lease remains in place through 2029 and includes scheduled annual rent increases.
Key Highlights
- Approximately 8,670 SF concrete tilt‑wall warehouse built in 1982
- 22‑foot clear heights with multiple loading doors
- Climate‑controlled warehouse and office areas with HVAC throughout
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
$66,427
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
3.82%
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%
$1,328,540
$1.3M
Cap Rate 7%
$948,957
$949.0K
Cap Rate 9%
$738,078
$738.1K
Market Conditions
NOI Build-Up for 8,670 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
$86.4K $9.96/SF
− Vacancy
−$8.2K −$0.95/SF
EGI
$78.1K $9.01/SF
− OpEx
−$11.7K −$1.35/SF
NOI
$66.4K $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%
$1,328,540
Cap Rate 7%
$948,957
Cap Rate 9%
$738,078
Alternative Uses
Best Use
Warehouse
$949.0K
$830.3K – $1.11M
NOI $66,427 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.40M
$9.10M – $12.14M
NOI $728,230 @ 7.0% cap · market cap 41.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
22 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,216
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75042, TX
39,148
Population
11,791
Households
3.3
Avg Household Size
33
Median Age
16%
College-Educated
69%
High-School Grad
7.6 sq mi
ZIP Area
5,151
Density / Sq Mi
$63,531
Median Household Income
$32,476
Median Earnings
$1,336
Median Rent
$221,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Ward North American - Dallas–Garland Movers — 902 S International Rd #300, Garland, TX 75042
- North American Van Lines — 902 S International Rd suite 300-a, Garland, TX 75042
- Closetbox — 902 S International Rd #300, Garland, TX 75042
- Reliable Storage — 183 S Shiloh Rd, Garland, TX 75042
- Self Storage — 455 n garland ave, garland, tx 75042
Frequently Asked Questions
What type of property is this?
Warehouse - Concrete tilt-wall construction includes climate-controlled warehouse and office areas with multiple loading doors.
Where is this warehouse located?
The property is located at 2014 Silver St Garland, TX.
What is the asking price?
The asking price for this property is $1,740,000.
What are key features of this property?
This property features: Approximately 8,670 SF concrete tilt‑wall warehouse built in 1982; 22‑foot clear heights with multiple loading doors; Climate‑controlled warehouse and office areas with HVAC throughout
