Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Development Land Parcel Title is generated by Realmo AI

    4900 N Garland Avenue, Garland, TX 75040

    View on Map
    Claim this Listing
    For Sale
    $3,200,000

    LAND - Garland, TX

    Type:Retail
    Lot size:
    2.67 Acres
    Added:
    Apr 29, 2026
    Days on Market:
    36
    Last Refresh:
    Jun 3 at 6:06 am

    Property Features for 4900 N Garland Avenue

    General Information

    Property type
    Land
    Property subtype
    Retail
    Standard status
    Active
    APN
    26409120010070000
    Lot size
    2.67 Acres

    Taxes and HOA fees

    Tax Description
    MAYOR FOUNDATION 2 BLK 1 LT 7 ACS 2.67
    Tax Annual Amount
    42312

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Melissa Croll
    Melissa Croll

    Listing agent Melissa Croll License #9004811

    Listing office Attlee Realty, LLC Mckinney, TX

    Listing date Apr 29, 2026

    MLS# 20913500 Listing URL

    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.

    HighLights

    • Public water and public sewer available
    • Driveways installed from both N Garland and Naaman Forest Blvd, including left turn lanes
    • Storm sewer and detention in place on the property
    • Electric conduit installed from the transformer to the Academy sign
    • Tree mitigation and lot clearing completed
    • Planned mixed‑use development featuring shopping and restaurants, plus build‑to‑suite options (zoned PD CR)

    Overview

    This mixed-use development land parcel is positioned for shopping, restaurant, and build-to-suite concepts and is designated PD CR. Development work has already been completed on-site, including driveways from both N Garland Avenue and Naaman Forest Blvd with left-turn lanes, along with storm sewer, water service, and detention. Electric conduit has also been extended from the transformer to the Academy sign area, supporting planned power needs for future improvements. Additional pre-development efforts include tree mitigation and lot clearing to ready the property for construction.

    The site’s access has been designed from two directions, which can support efficient entry and circulation for retail and food-and-beverage uses. With utilities and stormwater-related components already in place, the property is structured to reduce early site-improvement scope compared with raw land.

    Given the intended mix of shopping and restaurants with build-to-suite flexibility, this land is well suited for developers and operators seeking a controlled rollout of tenant spaces. The completed infrastructure elements, combined with PD CR entitlement positioning for mixed-use, can make it a practical starting point for an upcoming retail and dining project.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.6453727
    Latitude
    32.9595815

    Nearby Similar for Sale

    • $1,350,000
      4,160 SF

      Quadplex Income Property

      Four 2BR/2BA units with individual utility meters and prior HVAC, plumbing, and foundation updates for stable rental income.
      2813 & 2821 Wimbledon Court, Garland, TX 75041
      View Details
    • $500,000

      Retail Development Site with Visibility

      Two commercial retail lots with a 1950s building, offering strong visibility and redevelopment potential on a high-traffic corridor.
      500 Ford Street, Garland, TX 75040
      View Details

    FAQs

    What type of property is this?
    Commercial land - Served by completed driveways, utilities, and detention, this PD CR site is ready for future build-to-suit plans.
    Where is this commercial land located?
    The property is located at 4900 N Garland Avenue Garland, TX.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: Public water and public sewer available; Driveways installed from both N Garland and Naaman Forest Blvd, including left turn lanes; Storm sewer and detention in place on the property
    (972) 886-8357
    We can help!
    Listing Contact
    Melissa Croll
    Melissa Croll
    Real Estate License ID: 9004811
    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
    4900 N Garland Avenue, Garland, TX 75040
    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!