Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Grand Prairie Industrial Land Parcel Title is generated by Realmo AI

    513 Idlewild Road, Grand Prairie, TX 75051

    View on Map
    Claim this Listing
    For Lease
    $25,000 SF/Yr $854,864,583/Mo (calc)

    9.42-acre industrial land parcel for ground lease.

    Type:Rental
    Property size:
    410,335 SF
    Lot size:
    9.42 Acres
    Added:
    Sep 18, 2024
    Days on Market:
    624
    Last Refresh:
    May 20 at 1:52 am

    Property Features for 513 Idlewild Road

    General Information

    Standard status
    Active
    Size
    410,335 SF
    Lot size
    9.42 Acres
    Property subtype
    Rental

    Building Details

    Year Built
    2024

    We can help!

    Listing Contact
    Shane Hendrix
    Shane Hendrix

    Listing agent Shane Hendrix License #0776260

    Listing office M&D CRE, LLC

    Listing date Sep 18, 2024

    Source Exitrealty

    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 M&D CRE, LLC

    HighLights

    • 9.42‑acre parcel on Mountain Creek Lake
    • Strategic location: less than 3 miles from Interstate 30 and Loop 12
    • Zoned Industrial Storage: suitable for most storage and distribution, including heavy industrial use
    • Fully graveled yard with on‑site electrical service
    • Adjacent to Copart Dallas
    • Year Built: 2024

    Overview

    This 9.42-acre parcel, located on Mountain Creek Lake in Grand Prairie, TX, is available for ground lease. The property features a fully graveled yard and on-site electrical service. Situated less than three miles from Interstate 30 and Loop 12, the location provides convenient access and is adjacent to Copart Dallas. Zoned as Industrial Storage, the site is suitable for most storage and distribution operations, including those involving heavy industrial use. The property size is 410335 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Hair Salon Big Box & Wholesale Store Pharmacy Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Prairie
    County
    Dallas
    State
    Texas
    Longitude
    -96.9498009
    Latitude
    32.7380769

    Nearby Similar for Lease

    • $2,500/Mo

      Ready-to-Occupy Shared Medical Office

      Newly renovated shared medical space with exam rooms, X-ray room, and shared ADA restrooms for select specialties.
      1004 S Carrier Parkway, Grand Prairie, TX 75051
      View Details
    • $15 SF/Yr
      1,876-1,876 SF

      Polo Shopping Center, Suite #180

      1700 W Polo Rd, Grand Prairie, TX 75052
      View Details
    • $17 SF/Yr
      1,490-1,490 SF

      Polo Shopping Center, Suite #128

      1700 Polo Rd, Grand Prairie, TX 75052
      View Details
    • $17 SF/Yr
      2,280-2,280 SF

      Polo Shopping Center, Suite #114

      1700 W Polo Rd, Grand Prairie, TX 75052
      View Details
    • $24,000 SF/Yr

      Warehouse & Office Flex Facility

      Flexible warehouse and office space with loading access designed for logistics, storage, and light manufacturing operations.
      2970 Eagle Drive, Grand Prairie, TX 75052
      View Details
    • $3,500/Mo

      Medical Office Suite with Exam Rooms

      Lease-ready medical office with exam rooms, reception, small lab, and a patient-friendly lobby in a convenient setting.
      2771 Sherman Street, Grand Prairie, TX 75051
      View Details
    • $15 SF/Yr

      Church and Daycare Campus

      Move-in ready church and daycare facilities with ample parking and flexible room layouts for worship and youth programming.
      4501 Matthew Road, Grand Prairie, TX 75052
      View Details
    • $15 SF/Yr
      2,200-2,200 SF

      Polo Shopping Center, Suite #106

      1700 W Polo Rd, Unit 106, Grand Prairie, TX 75052
      View Details
    • $7,900/Mo

      Industrial Yard with Metal Building

      High-visibility industrial site with heavy-equipment-ready yard and a metal building, suited for outside storage and laydown needs.
      4775 W Highway 287, Grand Prairie, TX 76065
      View Details
    • $20 SF/Yr

      Fully Renovated Multi-Suite Office Building

      Renovated office suites with private restrooms, kitchenettes, and individual HVAC, supported by ample surface parking.
      308 Dolores Huerta Drive, Grand Prairie, TX 75050
      View Details
    • $18 SF/Yr
      11,986 SF

      Turnkey Medical Office Space

      Fully furnished, move-in ready medical office space for rent.
      517 N Carrier Pkwy, Grand Prairie, TX
      View Details
    • $600/Mo

      Windowed Office Suites Available

      Move-in ready office rooms with fast internet, utilities, and shared conference and lunch space included.
      2505 S Great SW Parkway, Grand Prairie, TX 75052
      View Details

    FAQs

    What type of property is this?
    Industrial land - 9.42-acre industrial land parcel for ground lease.
    Where is this industrial land located?
    The property is located at 513 Idlewild Road Grand Prairie, TX.
    What is the lease rate?
    The lease rate is $25,000.
    What are key features of this property?
    This property features: 9.42‑acre parcel on Mountain Creek Lake; Strategic location: less than 3 miles from Interstate 30 and Loop 12; Zoned Industrial Storage: suitable for most storage and distribution, including heavy industrial use
    (214) 460-8926
    We can help!
    Listing Contact
    Shane Hendrix
    Shane Hendrix
    Real Estate License ID: 0776260
    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
    513 Idlewild Road, Grand Prairie, TX 75051
    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!