Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2045 N Hwy 360 Grand Prairie, TX 75050

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Multi-tenant retail and office center located on Highway 360.

    Type:Retail, Restaurant
    Property size:
    44,500 SF
    Added:
    Jun 14, 2021
    Days on Market:
    1769
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 2045 N Hwy 360

    General Information

    Standard status
    Active
    Size
    44,500 SF
    Property subtype
    Retail, Restaurant

    Building Details

    Year Built
    1985

    Spaces For Lease

    at 2045 N Hwy 360 Contact us

    Suite #130 $16 /Mo

    Size
    2,780 SF
    Type
    Retail, Restaurant
    Previously a gym, space contains plenty of open area and is in good condition.
    Contact us

    Suite #124 $18 /Mo

    Size
    2,040 SF
    Type
    Retail, Restaurant
    First-floor retail space.
    Contact us

    We can help!

    Listing Contact
    Raith Bairuty

    Listing agent Raith Bairuty License #798402

    Listing office SB Commercial & Realty

    Listing date Jun 14, 2021

    Source Crexi

    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 SB Commercial & Realty

    Overview

    Retail/Office Center on Highway 360

    This 44,500 square foot multi-tenant retail and office center is located on Highway 360. The two-story neighborhood center features concrete wall and brick construction with concrete parking. The first floor is primarily leased to retail tenants. The top floor is designed for office or retail use. Current tenants include medical offices and restaurants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Timothy Chiang Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Pharmacy Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Prairie
    County
    Dallas
    State
    Texas
    Longitude
    -97.061347
    Latitude
    32.78296

    Nearby Similar for Lease

    • Contact for pricing

      Prime Retail Space in Grand Prairie

      1000 sqft open retail space in downtown Grand Prairie.
      209 E Main Street E, Grand Prairie, TX 75050
      View Details
    • $24,000/mo

      Flexible Warehouse & Office Space

      Versatile warehouse and office facility in established industrial area.
      2970 Eagle Drive, Grand Prairie, TX 75052
      View Details
    • Contact for pricing

      Shared Medical Office Space Available

      Shared medical office space for rent in Grand Prairie, TX.
      1004 S Carrier Parkway, Grand Prairie, TX 75051
      View Details
    • Contact for pricing

      Medical Office in Grand Prairie

      Functional medical office space with exam rooms and reception area.
      2771 Sherman Street, Grand Prairie, TX 75051
      View Details
    • Contact for pricing

      Office Space in Grand Prairie

      Office rooms available for rent with included utilities and amenities.
      2505 S Great Southwest Parkway, Grand Prairie, TX 75052
      View Details
    • $20/mo

      Renovated Office Building in Grand Prairie

      Fully renovated office building in Grand Prairie's Downtown Redevelopment District.
      308 Dolores Huerta Drive, Grand Prairie, TX 75050
      View Details
    • $18/mo

      Turnkey Medical Office Space

      Fully furnished, move-in ready medical office space for rent.
      517 N Carrier Pkwy, Grand Prairie, TX
      View Details
    • $9/mo

      Grand Prairie Warehouse Space Available

      Industrial warehouse space for lease in Grand Prairie, Texas.
      3007-3017 Red Hawk Dr, Grand Prairie, TX
      View Details
    • Contact for pricing

      Industrial Space with Highway Visibility

      Industrial property for lease with immediate highway access.
      502 Fountain Pkwy, Grand Prairie, TX 75050-1405
      View Details
    • Contact for pricing

      Grand Prairie Office Building Opportunity

      Centrally located DFW office building with value-add potential.
      1901 N Hwy 360, Grand Prairie, TX
      View Details
    • Contact for pricing

      Grand Prairie Industrial Space Available

      35,000 SF industrial space for lease in Grand Prairie.
      802-854 Avenue R, Grand Prairie, TX 75050
      View Details
    • Contact for pricing

      Retail Space Near Interstate 20

      Retail suites available in shopping center near Interstate 20.
      2205 W Interstate 20, Grand Prairie, TX
      View Details

    FAQs

    What type of property is this?
    Shopping center - Multi-tenant retail and office center located on Highway 360.
    Where is this shopping center located?
    The property is located at 2045 N Hwy 360 Grand Prairie, TX.
    What are key features of this property?
    This property features: 44,500 SF multi‑tenant retail/office neighborhood center.; Located on Highway 360.; Concrete wall/brick construction with all concrete parking.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Raith Bairuty
    Real Estate License ID: 798402
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!