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    Climate-Controlled Industrial Flex Building Title is generated by Realmo AI

    527 Shepherd Drive, Garland, TX 75042

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    Claim this Listing
    For Lease
    $15 SF/Yr

    COMMERCIAL - Garland, TX

    Lot size:
    0.67 Acres
    Added:
    Jan 29, 2026
    Days on Market:
    125
    Last Refresh:
    Jun 3 at 3:06 am

    Property Features for 527 Shepherd Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Gated
    Standard status
    Active
    APN
    26515500000030100
    Lot size
    0.67 Acres

    Taxes and HOA fees

    Tax Description
    SHEPHERD INDUSTRIAL PARK PT LT 3 ACS 0.67

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1962
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete, Carpet, Tile
    Building materials
    AluminumSiding, Brick, Block, Concrete
    Roof type
    Composition, Flat

    We can help!

    Listing Contact
    Jimmy Ulik

    Listing agent Jimmy Ulik License #0679413

    Listing office Exclusive Realty Group Mckinney, TX

    Listing date Jan 29, 2026

    MLS# 21164997

    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

    • Over 12,000 SF fully climate‑controlled warehouse with an office component
    • Industrial zoning for a range of industrial, distribution, manufacturing, or flex uses
    • Warehouse equipped with three‑phase heavy power
    • Office layout includes reception, conference room, and large break room
    • Central heating and central air conditioning; electric heating
    • Public water and public sewer; gated parking; roof includes composition and flat roofing

    Overview

    527 Shepherd Drive in Garland, Texas offers a versatile, industrial-zoned warehouse with a dedicated office component. The facility includes a reception area, a conference room, and a large break room, supporting both day-to-day operations and administrative needs. The warehouse is fully climate controlled and equipped with three-phase heavy power, making it well suited for industrial, distribution, manufacturing, or flex use scenarios.

    Situated on 0.67 acres in an established Garland industrial corridor, the property is designed for practical daily workflow. Its industrial zoning and in-place power and climate control provide a solid foundation for a range of user types looking for a functional, self-contained facility.

    This is a strong fit for owner-users and tenants that need more than basic warehouse space, particularly those requiring climate control and higher electrical capacity. The combination of robust warehouse systems and office support makes it useful for operations that balance on-site work with team collaboration and customer-facing administrative functions.
    Property Profile Location Intelligence

    Current Use by Public Records

    DFW Dental Supplies Dental Office TM Global Equipment Dental Office Southwest Instruments Co Industrial Manufacturer

    Suggested Use

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

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

    Similar Places Nearby

    • Aladun Grills — 9550 Skillman St Premises, Dallas, TX 75243
    • Thornhill Catering — 4315 Action St, Garland, TX 75042
    • Chef Mollie G LLC — 4315 Action St, Garland, TX 75042
    • O's Kitchen Catering — 520 Shepherd Dr, Garland, TX 75042
    • Sweetly Seasoned Food Trailer and Catering — 4315 Action St, Garland, TX 75042

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.6966903
    Latitude
    32.907805

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    FAQs

    What type of property is this?
    Flex space - Fully climate-controlled warehouse with a built-in office suite and heavy three-phase power for industrial and flex tenants.
    Where is this flex space located?
    The property is located at 527 Shepherd Drive Garland, TX.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Over 12,000 SF fully climate‑controlled warehouse with an office component; Industrial zoning for a range of industrial, distribution, manufacturing, or flex uses; Warehouse equipped with three‑phase heavy power
    (469) 441-1097
    We can help!
    Listing Contact
    Jimmy Ulik
    Real Estate License ID: 0679413
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    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
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