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    Drive-Up Retail Parking Lot Title is generated by Realmo AI

    5514 Broadway Boulevard, Garland, TX 75043

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    For Lease
    $750 /Mo

    COMMERCIAL - Garland, TX

    Type:Retail
    Lot size:
    0.29 Acres
    Added:
    Aug 6, 2025
    Days on Market:
    302
    Last Refresh:
    Jun 3 at 5:06 am

    Property Features for 5514 Broadway Boulevard

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Parking features
    Open
    Standard status
    Active
    APN
    26047390010010000
    Lot size
    0.29 Acres

    Taxes and HOA fees

    Tax Description
    5514 BROADWAY BLK 1 LT 1 ACS 0.289 VOL2005171

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    2011
    Floors in Building
    1

    We can help!

    Listing Contact
    Clayton Bennett

    Listing agent Clayton Bennett License #0277579

    Listing office Clayton E. Bennett Plano, TX

    Listing date Aug 6, 2025

    MLS# 21023662

    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

    • Large vacant commercial lot with paved parking lot
    • Drive‑up frontage on an extremely busy retail road
    • Located between two thriving retail establishments
    • Public water and public sewer available
    • Parking: open parking
    • Owner may allow build‑to‑suit; automated ice vending machine use requires sharing lot space

    Overview

    This listing offers a large vacant commercial lot improved with a paved parking surface, providing an immediately usable setup for drive-up and outdoor retail concepts. The property includes drive-up frontage, and the owner requires that the lot space be shared with a small automated ice vending machine. The owner will consider build-to-suit options, allowing an operator to tailor improvements as needed for the intended business.

    The site is positioned between two other thriving retail establishments, benefiting from a retail road with high traffic and strong visibility. The drive-up frontage along this extremely busy retail corridor can support storefront-style exposure without requiring a full building. Convenient access and an open paved layout make it practical for customers who arrive by vehicle.

    Ideal uses may include drive-up fast food or beverage retail, food trucks, small car lot concepts, and automated retail vending or ATM placements. With the option to build to suit, the property can also work for operators looking to develop an outdoor-facing setup while maintaining a streamlined parking-focused footprint. Prospective tenants should plan around the shared ice vending machine requirement when evaluating their site plan and operations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Twice The Ice Store Big Box & Wholesale Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.5962698
    Latitude
    32.8478667

    Nearby Similar for Lease

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      Turn-Key Auto Service Facility

      Fully renovated auto shop with multiple bays, lifts, and service equipment for immediate owner-operator operation.
      1106 S 1st Street, Garland, TX 75040
      View Details
    • $6,000/Mo

      Drive-Through Restaurant Building

      Functional commercial site with drive-through potential for fast-food or quick-service concepts in a high-visibility Garland location.
      313 Castle Drive, Garland, TX 75040
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant paved commercial lot with drive-up frontage, positioned between thriving retail for strong visibility and flexible use.
    Where is this commercial land located?
    The property is located at 5514 Broadway Boulevard Garland, TX.
    What is the lease rate?
    The lease rate is $750 /Mo.
    What are key features of this property?
    This property features: Large vacant commercial lot with paved parking lot; Drive‑up frontage on an extremely busy retail road; Located between two thriving retail establishments
    (972) 612-2007
    We can help!
    Listing Contact
    Clayton Bennett
    Real Estate License ID: 0277579
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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.

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