Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Grand Prairie Standalone Building ForRent Title is generated by Realmo AI

    2961 State Hwy 161, Grand Prairie, TX 75052

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

    4,500 SF standalone building with patio available for rent.

    Type:Retail, Restaurant
    Property size:
    4,500 SF
    Added:
    Mar 24, 2026
    Days on Market:
    51
    Last Refresh:
    Mar 25 at 8:21 pm

    Property Features for 2961 State Hwy 161

    General Information

    Standard status
    Active
    Size
    4,500 SF
    Property subtype
    Retail, Restaurant

    Spaces For Lease

    at 2961 State Hwy 161 Contact us

    We can help!

    Listing Contact
    Jeffrey Carr
    Jeffrey Carr

    Listing agent Jeffrey Carr License #789827

    Listing office Matthews

    Listing date Mar 24, 2026

    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 Matthews

    HighLights

    • High traffic location: Over 103,033 vehicles per day (VPD).
    • Part of EpicCentral: Benefits from 2.66M+ visits last year.
    • Standalone building: 4,500 SF available + patio.
    • Highway frontage: Excellent visibility.
    • TI packages available: Customizable to tenant needs.
    • Shell condition: Opportunity for bespoke design.

    Overview

    This standalone building, located at 2961 State Hwy in Grand Prairie, TX, offers 4,500 square feet of available space plus a patio. The property is in shell condition, and tenant improvement packages are available, subject to deal terms and financials. Situated with highway frontage, the building benefits from high visibility, seeing over 103,033 vehicles per day. The location recorded over 2.66 million visits last year. The property is located within EpicCentral.
    Location Intelligence

    Current Use by Public Records

    EpicCentral Shopping Center & Mall Epic Central Park Park

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Vivid Flowers — 817 W Pioneer Pkwy #110, Grand Prairie, TX 75051

    Location Insight

    • Map
    • Local Demand
    City
    Grand Prairie
    County
    Dallas
    State
    Texas
    Longitude
    -97.023945
    Latitude
    32.714248

    Nearby Similar for Lease

    • $1,525/Mo

      Prime Retail Space in Grand Prairie

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

      Flexible Warehouse & Office Space

      Versatile warehouse and office facility in established industrial area.
      2970 Eagle Drive, Grand Prairie, TX 75052
      View Details
    • $2,500/Mo

      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
    • $15 SF/Yr

      Church and Daycare Facility

      Versatile space for church, daycare, or religious organization.
      4501 Matthew Road, Grand Prairie, TX 75052
      View Details
    • $3,500/Mo

      Medical Office in Grand Prairie

      Functional medical office space with exam rooms and reception area.
      2771 Sherman Street, Grand Prairie, TX 75051
      View Details
    • $600/Mo

      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 SF/Yr

      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 SF/Yr

      Turnkey Medical Office Space

      Fully furnished, move-in ready medical office space for rent.
      517 N Carrier Pkwy, Grand Prairie, TX
      View Details
    • $4 SF/Yr

      Office Space for Sublease

      Office building with 103,658 square feet available for sublease.
      2895 113th St, Grand Prairie, Texas 75050
      View Details
    • $1,525/Mo

      Prime Retail Space in Downtown

      1000 sqft storefront in Grand Prairie's original downtown.
      209 E Main Street E #A, Grand Prairie, TX 75050
      View Details
    • $15 SF/Yr

      Church and Daycare Facility

      Versatile space ideal for church congregation and daycare.
      4501 Matthew Road, Grand Prairie, TX 75052
      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

    FAQs

    What type of property is this?
    Storefront property - 4,500 SF standalone building with patio available for rent.
    Where is this storefront property located?
    The property is located at 2961 State Hwy 161 Grand Prairie, TX.
    What are key features of this property?
    This property features: High traffic location: Over 103,033 vehicles per day (VPD).; Part of EpicCentral: Benefits from 2.66M+ visits last year.; Standalone building: 4,500 SF available + patio.
    (214) 295-4228 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeffrey Carr
    Jeffrey Carr
    Real Estate License ID: 789827
    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

    Thank You for Inquiry
    2961 State Hwy 161, Grand Prairie, TX 75052
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!