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

    3101 Marquis Dr Garland, TX

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

    151,200 SF warehouse ideal for local and regional distribution.

    Type:INDUSTRIAL
    Property size:
    45,450 SF
    Lot size:
    6.84 Acres
    Added:
    Jun 20, 2024
    Days on Market:
    684
    Last Refresh:
    Apr 5 at 10:09 pm

    Property Features for 3101 Marquis Dr

    General Information

    Standard status
    Active
    Size
    45,450 SF
    Lot size
    6.84 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 3101 Marquis Dr Contact us

    We can help!

    Listing Contact
    Kathleen Isola

    Listing agent Kathleen Isola

    Listing office Prologis | Dallas

    Listing date Jun 20, 2024

    Source Moodyscre

    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 Prologis | Dallas

    Overview

    Industrial Warehouse in Garland, Texas

    This 151,200 SF industrial warehouse is located within Prologis Northgate, which consists of 19 warehouses. The logistics facility is strategically located in Dallas, Texas, specifically at 3101 Marquis Dr, Garland, TX, offering convenient access to I-635 and Hwy 75. This location is well-suited for local and regional distribution operations. The property has a size of 45450 SQUARE_FEET.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Keefe Supply Co Distribution Center

    Suggested Use

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

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

    Similar Places Nearby

    • STORAGE FIT — 3701 Dividend Dr # C2, Garland, TX 75042
    • Stonebriar Moving Services — Garland, TX 75042
    • J & C Warehousing — 3650 W Miller Rd, Garland, TX 75041
    • Ward North American - Dallas–Garland Movers — 902 S International Rd #300, Garland, TX 75042
    • Campus Storage, LLC — 3701 Dividend Dr, Garland, TX 75042

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.675
    Latitude
    32.9014

    Nearby Similar for Lease

    • $2,250/Mo

      Garland Showroom with Highway Visibility

      Showroom with excellent I-30 access and high visibility.
      710 E Interstate 30, Garland, TX 75043
      View Details
    • $4,220/Mo

      Office Space in Garland, TX

      Office space for lease in central Garland location.
      1449 Forest Lane, Garland, TX 75042
      View Details
    • $3,000/Mo

      Garland Retail Opportunity For Rent

      Commercial retail space for rent in Garland, Texas.
      500 Ford Street, Garland, TX 75040
      View Details
    • $3,945/Mo

      Medical Office Space For Lease

      Medical office suite available in renovated Garland building near I-30.
      1605 N Garland Avenue, Garland, TX 75040
      View Details
    • $1,547/Mo

      Professional Office Space in Garland, TX

      2,670 SF office suite with lobby, reception, and conference rooms.
      350 OAKS Trail, Garland, TX 75043
      View Details
    • $12 SF/Yr

      Garland Office Space For Lease

      Move-in ready office suites available in Garland, Texas.
      3401 Express Drive, Garland, TX 75041
      View Details
    • $4,500/Mo

      Functional Office Space in Garland

      Versatile office space with reception, meeting areas, and convenient access.
      362 Oaks Trail, Garland, TX 75043
      View Details
    • $1,022/Mo

      Move-in Ready Open Office Space

      Bright, adaptable office space in a convenient Garland location.
      362 Oaks Trail, Garland, TX 75043
      View Details
    • $835/Mo

      Functional Commercial Space in Garland

      835 sq ft space ideal for office or showroom use.
      350 OAKS Trail, Garland, TX 75043
      View Details
    • $515/Mo

      Office Space with Dual Entrances

      Flexible office suite with dual entrances and adaptable layout.
      350 OAKS Trail, Garland, TX 75043
      View Details
    • $1,500/Mo

      Versatile Office Space in Garland

      Functional office space with private offices, ideal for small businesses.
      362 Oaks Trail, Garland, TX 75043
      View Details
    • $1,056/Mo

      Spacious Office Suite in Garland

      Large office space with split open floor plan and private access.
      350 Oaks Trail, Garland, TX 75043
      View Details

    FAQs

    What type of property is this?
    Warehouse - 151,200 SF warehouse ideal for local and regional distribution.
    Where is this warehouse located?
    The property is located at 3101 Marquis Dr Garland, TX.
    What are key features of this property?
    This property features: 151,200 SF industrial warehouse suitable for large‑scale operations.; Strategically located in Dallas, Texas, ideal for local and regional distribution.; Close proximity to I‑635 and Hwy 75, providing excellent transportation access.
    (972) 884-9292 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kathleen Isola
    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

    3101 Marquis Dr, Garland, TX

    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!