Trova Plaza Shopping
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3758 S CARRIER PKWY, Grand Prairie, TX 75052
Multi-tenant neighborhood retail center with direct exposure along S Carrier Pkwy.
Property Size18,000 SF
Lot Size2.20 Acres
Price / SF$248.33
Days on Market4
Property Features for 3758 S CARRIER PKWY
General Information
Standard status
Active
Size
18,000 SF
Lot size
2.20 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$290,526
Building Details
Year Built
2000
Stories
1
Units
7
Tenancy
Multi
Listing Agency:
Texas Legacy Realty
Listed By:
Rafe Song · License #0712965
Source:
Crexi
Added: Aug 31
Changed: Sep 2
Last Checked: Sep 2 at 2:23PM
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 Texas Legacy Realty
Investment Insights
Based on property information with market context.
Trova Plaza is a 2000-built shopping center comprising 18,000 SF of multi-tenant retail space on a 2.20-acre lot. The property includes seven tenants and is configured as a neighborhood retail asset with direct exposure along S Carrier Pkwy.
The center is located at 3758 S Carrier Pkwy in Grand Prairie, Texas, with access to the surrounding retail corridor. Nearby national retailers include Home Depot, Family Dollar, Target, and Cinemark Grand Prairie. The property’s location and street exposure support its role as a multi-tenant retail center serving the surrounding area.
The center is located at 3758 S Carrier Pkwy in Grand Prairie, Texas, with access to the surrounding retail corridor. Nearby national retailers include Home Depot, Family Dollar, Target, and Cinemark Grand Prairie. The property’s location and street exposure support its role as a multi-tenant retail center serving the surrounding area.
Key Highlights
- 18,000 SF shopping center on a 2.20‑acre lot
- Seven‑tenant multi‑tenant retail property
- Direct exposure along S Carrier Pkwy
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$247,841
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,956,820
$5.0M
Cap Rate 7%
$3,540,586
$3.5M
Cap Rate 9%
$2,753,789
$2.8M
Market Conditions
NOI Build-Up for 18,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$371.5K $20.64/SF
− Vacancy
−$17.5K −$0.97/SF
EGI
$354.1K $19.67/SF
− OpEx
−$106.2K −$5.90/SF
NOI
$247.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,956,820
Cap Rate 7%
$3,540,586
Cap Rate 9%
$2,753,789
Alternative Uses
Best Use
Retail
$3.54M
$3.10M – $4.13M
NOI $247,841 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.06M
$4.43M – $5.90M
NOI $354,240 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
341k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Superstores 27%
Shops & Services 25%
Home Improvements & Furnishings 15%
Target
Superstores
92,734 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
50,045 visits/mo
0.2 miles
Chick-fil-A
Dining
40,899 visits/mo
0.3 miles
QuikTrip
Shops & Services
37,944 visits/mo
0.1 miles
Whataburger
Dining
26,515 visits/mo
0.3 miles
Demographics for 75052, TX
96,225
Population
33,386
Households
2.9
Avg Household Size
35
Median Age
33%
College-Educated
87%
High-School Grad
26.4 sq mi
ZIP Area
3,645
Density / Sq Mi
$87,320
Median Household Income
$48,619
Median Earnings
$1,680
Median Rent
$282,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Noble Home Collection and Gift Accesories — 2950 I-20, Grand Prairie, TX 75052
- Sunglass Hut at Bps/cab — 3720 S State Hwy 161, Grand Prairie, TX 75052
- Parkway Plaza — 3480 S Carrier Pkwy, Grand Prairie, TX 75052
- Epic East — MXVG+6GH, Grand Prairie, TX 75052
Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant neighborhood retail center with direct exposure along S Carrier Pkwy.
Where is this shopping center located?
The property is located at 3758 S CARRIER PKWY Grand Prairie, TX.
What is the asking price?
The asking price for this property is $4,470,000.
What are key features of this property?
This property features: 18,000 SF shopping center on a 2.20‑acre lot; Seven‑tenant multi‑tenant retail property; Direct exposure along S Carrier Pkwy
