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    510 Carrier Pkwy Grand Prairie, TX 75051

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    For Lease
    Contact for pricing

    Three retail spaces available, 900-3481 sq ft.

    Lot size:
    5,581 SF

    Property Features for 510 Carrier Pkwy

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,581 SF
    Total Rate
    5581

    Spaces For Lease

    at 510 Carrier Pkwy, Grand Prairie, TX 75051 Contact us
    Unit Building A #200B

    $13 /Mo

    Size
    3,481 SF
    Contact us
    Unit 511 South Carrier Pkwy Building A #350

    $15 /Mo

    Size
    1,200 SF
    Contact us
    Unit Building A #400

    $15 /Mo

    Size
    900 SF
    Contact us

    We can help!

    Listing Contact
    Evan Lichterman
    Evan Lichterman

    Listing Agency: Airstream Realty LLC Listing Agent: Evan Lichterman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional retail opportunity in Grand Prairie, Texas, presents three available spaces totaling 5,581 square feet within a larger building situated on a generous 3.22-acre lot. The property is ideally located at 510, 514, and 550 South Carrier Parkway, zip code 75051. Each space offers flexibility, with a minimum divisible space of 900 square feet and a maximum contiguous space of 3,481 square feet. Currently, the entire 5,581 square feet is vacant, presenting a unique chance for a single tenant to occupy the entire building or for multiple tenants to establish themselves in this prime location. The property's classification as both commercial and restaurant-suitable indicates its versatility and potential for a wide range of businesses. The address is easily accessible and benefits from high visibility, making it an attractive proposition for businesses seeking strong foot traffic and brand exposure. This is an excellent opportunity to secure a prominent retail presence in a thriving Texas market. All 5,581 square feet are currently available for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shine Cleaners (Bike/Boat/Book/etc) Store Boost Mobile Mobile Phone Store Main Beauty Supply Cosmetic Store Crystal Nails Nail Salon Pro-Cuts Hair Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Prairie
    County
    Dallas
    State
    Texas
    Longitude
    -97.016214461314
    Latitude
    32.740350185709

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    FAQs

    What type of property is this?
    Retail property - Three retail spaces available, 900-3481 sq ft.
    Where is this retail property located?
    The property is located at 510 Carrier Pkwy Grand Prairie, TX.
    What is the lease rate?
    The lease rate is $13-$15 SF/Yr.
    What are key features of this property?
    This property features: Former Kroger grocery store now occupied by Club4Fitness.; Excellent location east of Hwy-161 in a densely populated Grand Prairie neighborhood.; High daytime population: Over 104M SF of industrial/office and 19.1M SF of restaurant/retail space within 5 miles, supporting over 10,000 businesses and 114,500 employees.
    (901) 674-2868 Call to check price and availability
    Request Owner's contact information
    510 Carrier Pkwy Grand Prairie, TX 75051
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    Grand Prairie, TX 75051
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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
    510 Carrier Pkwy Grand Prairie, TX 75051
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Evan Lichterman
    Evan Lichterman
    Real Estate License ID: 772686
    (901) 674-2868
    Learn more
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