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Industrial Property in Grand Prairie

2703 Arkansas Ln. Grand Prairie, TX 75052

2703 Arkansas Ln., Grand Prairie, TX, 75052
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For Sale
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17,936 SqFt industrial property available for sale.

Property Size17,936 SF
Price / SF$230
AddedJun 22, 2024
Days on Market754
Last RefreshJul 15 at 2:46 pm

Property Features for 2703 Arkansas Ln.

General Information

Standard status
Active
Size
17,936 SF
Property subtype
Industrial

Listing office NAI Robert Lynn Fort Worth

Listing date Jun 22, 2024

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 NAI Robert Lynn Fort Worth


Investment Insights

Based on property information with market context.

This industrial property offers 17,936 square feet of space. The property is located in Grand Prairie, Texas.

Key Highlights

  • Industrial Property
  • 17,936 SqFt

Local Financial Insights For Industrial

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 $279.8k $15.60
− Vacancy −$11.2k −$0.62
EGI $268.6k $14.98
− OpEx −$80.6k −$4.49
NOI $188.0k $10.48
17,936 SF · lease $15.60/SF/yr · vacancy 4.00% · expense 30.00%

Alternative Uses

Best Use
Industrial
$2.69M
$2.35M – $3.13M (±1% cap)
NOI $188,027 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.04M
$4.41M – $5.88M (±1% cap)
NOI $352,980 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Industrial properties

Suggested Use

Law Firm Parking Lot & Garage Skin Care Clinic (Bike/Boat/Book/etc) Store Veterinary Clinic Catering Service (Bike/Boat/Book/etc) Store Daycare Center Locksmith Acupuncture

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

FAQs

What type of property is this?
Industrial property - 17,936 SqFt industrial property available for sale.
Where is this industrial property located?
The property is located at 2703 Arkansas Ln. Grand Prairie, TX.
What is the asking price?
The asking price for this property is $4,125,280.
What are key features of this property?
This property features: Industrial Property; 17,936 SqFt
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