Automotive Property With Service
For Sale
$1,250,000
2623 S Garland Ave, Garland, TX 75041
Office, storage, and repair facilities support dealership operations.
Property Size4,486 SF
Lot Size0.42 Acres
Price / SF$278.64
Days on Market80
Property Features for 2623 S Garland Ave
General Information
Standard status
Active
Size
4,486 SF
Lot size
0.42 Acres
Additional Details
Road Access
Yes
Amenities
office
restroom
three-car garage storage
mechanic shop
two-car garage with lift
Building Details
Year Built
1951
Listing Agency:
Ultima Real Estate
Listed By:
Lorena Williamson · License #0515992
(214) 274-2525
Source:
Thebryandavisgroup
Added: Jul 26
Changed: Oct 11
Last Checked: Oct 7 at 1:07PM
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 Ultima Real Estate
Investment Insights
Based on property information with market context.
This automotive property combines dealership, administrative, storage, and repair improvements across two addresses on S Garland Ave. The approximately 4,486-square-foot building area includes a 1,710-square-foot office building with a restroom, a 1,276-square-foot three-car garage with restroom, and a 1,500-square-foot mechanic shop at 2615 S. Garland. The shop includes its own office, restroom, and two-car garage with a lift.
The approximately 0.42-acre site contains 18,295.2 square feet of land and is located at 2623 S Garland Ave and 2615 S Garland Ave in Garland, Texas. The property is currently operating as a car dealership, with integrated space for customer-facing administration, vehicle storage, detailing or parts storage, and mechanical work. The two addresses are being sold together, and the property is offered as-is.
The approximately 0.42-acre site contains 18,295.2 square feet of land and is located at 2623 S Garland Ave and 2615 S Garland Ave in Garland, Texas. The property is currently operating as a car dealership, with integrated space for customer-facing administration, vehicle storage, detailing or parts storage, and mechanical work. The two addresses are being sold together, and the property is offered as-is.
Key Highlights
- Approximately 0.42‑acre site with 18,295.2 square feet of land
- Approximately 4,486 square feet of total building area across two addresses
- 1,710‑square‑foot office building with a dedicated restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,182
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,443,640
$1.4M
Cap Rate 7%
$1,031,171
$1.0M
Cap Rate 9%
$802,022
$802.0K
Market Conditions
NOI Build-Up for 4,486 SF
Gross rent
$108.2K $24.12/SF
− Vacancy
−$5.1K −$1.13/SF
EGI
$103.1K $22.99/SF
− OpEx
−$30.9K −$6.90/SF
NOI
$72.2K $16.09/SF
Area
Garland, TX
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,443,640
Cap Rate 7%
$1,031,171
Cap Rate 9%
$802,022
Alternative Uses
Best Use
Retail
$1.03M
$902.3K – $1.20M
NOI $72,182 @ 7.0% cap · market cap 5.77%
Second Best
Industrial
$404.4K
$353.8K – $471.8K
NOI $28,305 @ 7.0% cap · market cap 2.26%
Theoretical Best
Office A
$5.38M
$4.71M – $6.28M
NOI $376,798 @ 7.0% cap · market cap 30.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75041, TX
32,219
Population
10,378
Households
3.1
Avg Household Size
33
Median Age
15%
College-Educated
70%
High-School Grad
7.9 sq mi
ZIP Area
4,078
Density / Sq Mi
$68,692
Median Household Income
$35,027
Median Earnings
$1,368
Median Rent
$214,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Automotive property - Office, storage, and repair facilities support dealership operations.
Where is this automotive property located?
The property is located at 2623 S Garland Ave Garland, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approximately 0.42‑acre site with 18,295.2 square feet of land; Approximately 4,486 square feet of total building area across two addresses; 1,710‑square‑foot office building with a dedicated restroom
