Corner Retail Strip
301 Marshall Drive, Grand Prairie, TX 75051
For Sale
Contact for pricing
Retail strip center at a street corner, offering flexible space for neighborhood-serving businesses.
Property Size15,325 SF
Days on Market141
Property Features for 301 Marshall Drive
General Information
Standard status
Size
Property subtype
Lease Term
Building Details
Building Size
Year Built
Properties For Sale
at 301 Marshall Drive
Suite 319
Size
720 SF
Type
Strip Center
Term
Negotiable
Listing Agency:
Engvest Group - eXp Commercial
Listed By:
Daniel Eng | CCIM · License TX #514529
(214) 926-3666
Source:
Engvest
Added: Jun 25
Changed: Nov 2
Last Checked: Nov 12 at 6:56AM
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 Engvest Group - eXp Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering is a retail strip center with multiple retail spaces designed to serve day-to-day shopping and service needs. The property is presented for sale as a compact commercial asset suitable for retail users and investors seeking a straightforward neighborhood retail format.
The center is located at the corner of 3rd Street and Marshall, which provides convenient cross-street access for customers approaching from multiple directions. Its corner placement can be advantageous for storefront exposure in a retail environment.
For tenants or buyers, this configuration supports a range of retail uses that benefit from a shared center setting and straightforward access. Prospective operators should evaluate the specific suite availability and layout needs for their business, as the listing describes the property as a retail strip center at a corner intersection without further unit-level details.
The center is located at the corner of 3rd Street and Marshall, which provides convenient cross-street access for customers approaching from multiple directions. Its corner placement can be advantageous for storefront exposure in a retail environment.
For tenants or buyers, this configuration supports a range of retail uses that benefit from a shared center setting and straightforward access. Prospective operators should evaluate the specific suite availability and layout needs for their business, as the listing describes the property as a retail strip center at a corner intersection without further unit-level details.
Key Highlights
- Retail strip center built in 1968
- Located on the corner of 3rd Street and Marshall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$211,009
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,220,180
$4.2M
Cap Rate 7%
$3,014,414
$3.0M
Cap Rate 9%
$2,344,544
$2.3M
Market Conditions
NOI Build-Up for 15,325 SF
Gross rent
$316.3K $20.64/SF
− Vacancy
−$14.9K −$0.97/SF
EGI
$301.4K $19.67/SF
− OpEx
−$90.4K −$5.90/SF
NOI
$211.0K $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 Rate 5%
$4,220,180
Cap Rate 7%
$3,014,414
Cap Rate 9%
$2,344,544
Alternative Uses
Best Use
Retail
$3.01M
$2.64M – $3.52M
NOI $211,009 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.31M
$3.77M – $5.03M
NOI $301,596 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Phillips 66
Shops & Services
4,703 visits/mo
0.1 miles
Demographics for 75051, TX
40,243
Population
14,139
Households
2.8
Avg Household Size
32
Median Age
15%
College-Educated
68%
High-School Grad
12.6 sq mi
ZIP Area
3,194
Density / Sq Mi
$53,124
Median Household Income
$34,029
Median Earnings
$1,183
Median Rent
$196,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Strip malls in Dallas County, TX
Properties on Market for Strip malls in Dallas County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Retail strip center at a street corner, offering flexible space for neighborhood-serving businesses.
Where is this strip mall located?
The property is located at 301 Marshall Drive Grand Prairie, TX.
What are key features of this property?
This property features: Retail strip center built in 1968; Located on the corner of 3rd Street and Marshall
