Commercial Land with Metal
For Sale
$895,000
4775 Highway 287, Grand Prairie, TX 76065
CommercialSale, Grand Prairie, TX
Property Size2,400 SF
Lot Size5.62 Acres
Price / SF$372.92
Days on Market87
Property Features for 4775 Highway 287
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Ag
Subdivision
Jos Stewart
Directions
From Midlothian take U.S. Hwy. 287 west towards Mansfield and the property will be on your right. From Mansfield take U.S. Hwy. 287 east and the property will be on your left. From Arlington take Hwy. 360 south and turn left on U.S. Hwy. 287 and the property will be on your left.
Standard status
Active
APN
236744
Lot size
5.62 Acres
Taxes and HOA fees
Tax Description
961 JOS STEWART 5.5811 ACRES
Legal Description
961 JOS STEWART 5.5811 ACRES
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Well
Building Details
Year built
1980
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Joe Rust Company
(972) 333-4143
Listed By:
Lance Rust · License #0511897
(972) 333-4143
Added: Jun 8
Changed: Aug 27
Last Checked: Sep 2 at 1:06AM
MLS# 21076482
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial land tract includes 5.62 acres and a 2,400-square-foot metal building constructed in 1980. The building has concrete flooring, central heating and central air, with a metal roof and siding. A rock-base area covers roughly 2 acres, with material 8 to 10 inches thick to support parking, equipment staging, or yard operations.
The property fronts Highway 287 and has a reported traffic count of 46,728 vehicles per day. Water is supplied by a well drilled in 2024, while wastewater service is provided by a septic tank. The entire property lies within the floodplain or floodway, an important consideration for site planning and operations. Prior property uses included a steel company and a garden center.
The property fronts Highway 287 and has a reported traffic count of 46,728 vehicles per day. Water is supplied by a well drilled in 2024, while wastewater service is provided by a septic tank. The entire property lies within the floodplain or floodway, an important consideration for site planning and operations. Prior property uses included a steel company and a garden center.
Key Highlights
- 5.62‑acre commercial land tract with a 2,400 S.F. metal building
- Roughly 2 acres of rock‑base parking or yard area
- Rock base is 8 inches to 10 inches thick for heavy equipment
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
$25,160
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
2.81%
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%
$503,200
$503.2K
Cap Rate 7%
$359,429
$359.4K
Cap Rate 9%
$279,556
$279.6K
Market Conditions
NOI Build-Up for 2,400 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
$37.4K $15.60/SF
− Vacancy
−$1.5K −$0.62/SF
EGI
$35.9K $14.98/SF
− OpEx
−$10.8K −$4.49/SF
NOI
$25.2K $10.48/SF
Area
Grand Prairie, TX
Vacancy
4.00%
Lease Rate
$15.60 /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%
$503,200
Cap Rate 7%
$359,429
Cap Rate 9%
$279,556
Alternative Uses
Best Use
Industrial
$359.4K
$314.5K – $419.3K
NOI $25,160 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$674.7K
$590.4K – $787.2K
NOI $47,232 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
46,728 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 76065, TX
42,827
Population
15,081
Households
2.8
Avg Household Size
37
Median Age
36%
College-Educated
92%
High-School Grad
100.9 sq mi
ZIP Area
424
Density / Sq Mi
$123,664
Median Household Income
$61,420
Median Earnings
$1,873
Median Rent
$378,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial land with an existing metal building and heavy-duty yard area.
Where is this commercial land located?
The property is located at 4775 Highway 287 Grand Prairie, TX.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 5.62‑acre commercial land tract with a 2,400 S.F. metal building; Roughly 2 acres of rock‑base parking or yard area; Rock base is 8 inches to 10 inches thick for heavy equipment
