Neighborhood Retail Shopping
565 W Oates Rd Garland, TX 75043
565 W Oates Rd, Garland, TX, 75043
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For Sale
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Neighborhood retail center totaling 32,781 SF in Garland, Texas, positioned near Audubon Park.
Property Size32,781 SF
Price / SF$181.78
Days on Market91
Property Features for 565 W Oates Rd
General Information
- Standard status
- Active
- Size
- 32,781 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1985
Listing agency
Crest Commercial Real Estate
(214) 696-6677
Listed by
Erik Fulkerson · License #TX
Source
Crexi
Added: Apr 22 Updated: Jul 21 at 2:07AM Checked: Jul 21 at 4:47AM
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 Crest Commercial Real Estate
Investment Insights
Based on property information with market context.
Audubon Village Shopping Center is a 32,781 square foot neighborhood retail center available for sale. The property is presented as a convenience-oriented retail destination serving the surrounding community, with established long-term tenancy noted in the offering materials.
Located at 565 W Oates Rd in Garland, Texas—just northeast of Dallas—the center benefits from its suburban setting within the Dallas–Fort Worth Metroplex. The public remarks also describe close proximity to Audubon Park, a major recreational hub that draws consistent visitor activity throughout the week and on weekends.
Located at 565 W Oates Rd in Garland, Texas—just northeast of Dallas—the center benefits from its suburban setting within the Dallas–Fort Worth Metroplex. The public remarks also describe close proximity to Audubon Park, a major recreational hub that draws consistent visitor activity throughout the week and on weekends.
Key Highlights
- 32,781 SF neighborhood retail shopping center in Garland, Texas
- Built in 1985
- Located near Audubon Park, a major recreational hub with consistent visitor activity throughout the week and weekends
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $790.7k | $24.12 |
| − Vacancy | −$37.2k | −$1.13 |
| EGI | $753.5k | $22.99 |
| − OpEx | −$226.1k | −$6.90 |
| NOI | $527.5k | $16.09 |
32,781 SF · lease $24.12/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$7.54M
$6.59M – $8.79M
NOI $527,461 @ 7.0% cap · market cap 8.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$39.33M
$34.42M – $45.89M
NOI $2,753,415 @ 7.0% cap · market cap 46.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Scott Ludlow
Dental Office
Skillman Wok
Restaurant
Dr. Sara Fallahi
Dental Office
Tipjar
Temple
La Prada Family ...
Dental Office
Similar For Sale Nearby
Similar Off Market Nearby
- Meadow Glen Center — Northwest Dr, Mesquite, TX 75150
FAQs
What type of property is this?
Shopping center - Neighborhood retail center totaling 32,781 SF in Garland, Texas, positioned near Audubon Park.
Where is this shopping center located?
The property is located at 565 W Oates Rd Garland, TX.
What is the asking price?
The asking price for this property is $5,959,000.
What are key features of this property?
This property features: 32,781 SF neighborhood retail shopping center in Garland, Texas; Built in 1985; Located near Audubon Park, a major recreational hub with consistent visitor activity throughout the week and weekends
