Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Firewheel Parkway Commercial Land Title is generated by Realmo AI

    1600 Firewheel Pkwy, Garland, TX 75040

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2.67 acres of commercial land at signalized intersection.

    Type:Land
    Lot size:
    2.67 Acres
    Added:
    Jul 5, 2023
    Days on Market:
    1048
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 1600 Firewheel Pkwy

    General Information

    Standard status
    Active
    Lot size
    2.67 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Chris Janowski
    Chris Janowski

    Listing agent Chris Janowski License #TX 744350

    Listing office Duwest Investment Services

    Listing date Jul 5, 2023

    Source Crexi

    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 Duwest Investment Services

    HighLights

    • Hard corner location at the signalized intersection of Firewheel Pkwy (Rowlett Rd) & Castle Dr.
    • Approximately 2.67 acres available.
    • Utilities stubbed to site; grubbed and rough graded.
    • Located on the border of Garland and Rowlett.
    • Adjacent to future ParcHaus Garland residential development.
    • Across from 7 Eleven.

    Overview

    This property features approximately 2.67 acres of commercial land. It is located at the northwest corner of Firewheel Parkway (Rowlett Road) and Castle Drive, situated on the border of Garland and Rowlett. The site benefits from a hard corner location at a signalized intersection, across from a 7 Eleven. The land has been grubbed and rough graded, with utilities stubbed to the site. The property is adjacent to the future ParcHaus Garland residential development and is zoned CR.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ParcHAUS at Firewheel Parkway Housing Development

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon 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
    -96.5918148
    Latitude
    32.9252696

    Nearby Similar for Sale

    • $2,400,000
      3,401 SF

      Multi-Use Commercial Property For Sale

      High-visibility corner lot with multiple income streams in Garland, TX.
      2002 Highway 66, Garland, TX 75040
      View Details
    • $1,250,000
      4,486 SF

      Turnkey Car Dealership Opportunity

      Equipped car dealership with office, storage, and service facilities.
      2623 S Garland Avenue, Garland, TX 75041
      View Details
    • $200,000

      Established Auto Service Business

      Turn-key auto service business in high-traffic Garland location.
      1106 S 1st Street, Garland, TX 75040
      View Details
    • $1,100,000
      2,970 SF

      Garland Retail with Drive-Thru

      Retail property with drive-thru, equipment, and high-traffic location.
      6318 Broadway Boulevard, Garland, TX 75043
      View Details
    • $795,000

      Garland Commercial Land Opportunity

      3.15 acres of unimproved commercial land in Garland, TX.
      5134 Northwest Highway, Garland, TX 75043
      View Details
    • $1,000,000

      Commercial Lot on Belt Line

      Prime commercial lot for development in high-traffic Garland location.
      2660 Belt Line Road, Garland, TX 75044
      View Details
    • $1,100,000

      Established Car Wash Investment Opportunity

      Family-owned car wash in Garland, TX, with strong income potential.
      3025 Arapaho Road, Garland, TX 75044
      View Details
    • $1,100,000

      Commercially Zoned Lot on I-30

      1.184-acre commercially zoned lot with high-traffic exposure.
      1625 E Interstate 30, Garland, TX 75043
      View Details
    • $1,500,000

      2.25 Acre Commercial Development Opportunity

      Prime commercial land for development in Garland, Texas.
      1314 Rowlett Road, Garland, TX 75043
      View Details
    • $425,000

      Duplex Near Alamo Park

      Duplex with fenced backyard near Alamo Park in Garland, TX.
      2009 Santa Anna Drive, Garland, TX 75042
      View Details
    • $3,200,000

      Land Ready for Development

      2.67 acres of land primed for mixed-use development.
      4900 N Garland Avenue, Garland, TX 75040
      View Details
    • $2,399,000

      Garland Land For Commercial Development

      Unimproved land suitable for various commercial developments in a busy location.
      4801 Broadway Boulevard, Garland, TX 75043
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.67 acres of commercial land at signalized intersection.
    Where is this commercial land located?
    The property is located at 1600 Firewheel Pkwy Garland, TX.
    What are key features of this property?
    This property features: Hard corner location at the signalized intersection of Firewheel Pkwy (Rowlett Rd) & Castle Dr.; Approximately 2.67 acres available.; Utilities stubbed to site; grubbed and rough graded.
    (214) 720-0004 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Janowski
    Chris Janowski
    Real Estate License ID: TX 744350
    Learn More
    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
    1600 Firewheel Pkwy, 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!