Grand Prairie Retail Center For
For Sale
Contact for pricing
203 N Belt Line Rd, Grand Prairie, TX 75050
9,100 SF retail center with high-yield, recession-resistant business.
Property Size9,100 SF
Price / SF$412.09
Days on Market183
Property Features for 203 N Belt Line Rd
General Information
Standard status
Active
Size
9,100 SF
Class
C
Property subtype
Retail
Zoning
commercial
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Built
2019
Buildings
1
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
JC Real Estate Group
Listed By:
Judy Chiang · License #TX
Source:
Crexi
Added: Feb 10
Changed: Aug 8
Last Checked: Aug 11 at 9:32AM
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 JC Real Estate Group
Investment Insights
Based on property information with market context.
This 9,100 SF multi-tenant retail center is located on a high-traffic arterial road in Grand Prairie. The property offers immediate cash flow and long-term appreciation in a resilient submarket. It includes a coin-operated laundry business with a loyal customer base. The property is situated on a main thoroughfare with high daily vehicle counts and excellent signage visibility. It is located in a densely populated, diverse neighborhood where laundromat services and local retail are in high demand. The property is suited for an owner user looking to operate the laundry while collecting rent from neighboring units, or an investor seeking to optimize the tenant mix.
Key Highlights
- High‑yield, recession‑resistant business (coin‑operated laundry) included.
- Located on a high‑traffic arterial road with maximum exposure and excellent signage.
- Immediate cash flow from a multi‑tenant retail center.**
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
$125,297
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
3.34%
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%
$2,505,940
$2.5M
Cap Rate 7%
$1,789,957
$1.8M
Cap Rate 9%
$1,392,189
$1.4M
Market Conditions
NOI Build-Up for 9,100 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
$187.8K $20.64/SF
− Vacancy
−$8.8K −$0.97/SF
EGI
$179.0K $19.67/SF
− OpEx
−$53.7K −$5.90/SF
NOI
$125.3K $13.77/SF
Area
Grand Prairie, TX
Vacancy
4.70%
Lease Rate
$20.64 /SF/Yr
Expense Ratio
30.00%
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%
$2,505,940
Cap Rate 7%
$1,789,957
Cap Rate 9%
$1,392,189
Alternative Uses
Best Use
Retail
$1.79M
$1.57M – $2.09M
NOI $125,297 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.56M
$2.24M – $2.98M
NOI $179,088 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
240k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 35%
QuikTrip
Shops & Services
83,882 visits/mo
0.2 miles
Whataburger
Dining
27,121 visits/mo
0.3 miles
RaceTrac
Shops & Services
23,832 visits/mo
0.3 miles
RaceTrac
Shops & Services
23,348 visits/mo
0.2 miles
Starbucks
Dining
19,925 visits/mo
0.1 miles
Demographics for 75050, TX
43,531
Population
17,286
Households
2.5
Avg Household Size
33
Median Age
23%
College-Educated
79%
High-School Grad
25.8 sq mi
ZIP Area
1,687
Density / Sq Mi
$70,484
Median Household Income
$39,322
Median Earnings
$1,412
Median Rent
$224,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - 9,100 SF retail center with high-yield, recession-resistant business.
Where is this shopping center located?
The property is located at 203 N Belt Line Rd Grand Prairie, TX.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: High‑yield, recession‑resistant business (coin‑operated laundry) included.; Located on a **high‑traffic arterial road with maximum exposure and excellent signage**.; Immediate cash flow from a multi‑tenant retail center.**
