Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3202 Wexford Dr Garland, TX 75043

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Luxury Townhomes, High ROI Potential

    Property size:
    9,874 SF

    Property Features for 3202 Wexford Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    9,874 SF
    Class
    B
    Lot Size
    219,542 SF

    Building Details

    Year Built
    2022
    Units
    18

    We can help!

    Listing Contact
    Huma Azim
    Huma Azim

    Listing Agency: Azim Global Listing Agent: Huma Azim

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

    Learn more

    Property Insight Report

    Overview

    This exceptional investment opportunity presents a portfolio of three newly constructed, six-unit townhome buildings totaling eighteen units, situated on a spacious 5.04-acre lot in Garland, Texas. Each building offers a mix of three unit types: two units of 1743 square feet (Unit A), two units of 1600 square feet (Unit B), and two units of 1594 square feet (Unit C), providing diverse rental options. The buildings boast a total of 9,874 square feet and are priced at $2,200,000 per building. Constructed in 2022, these Class B properties are located in a Qualified Census Tract (QCT), offering potential tax advantages. The prime location is just 1.5 miles from Lake Ray Hubbard and 7 miles from the Dallas Arboretum, providing residents with convenient access to recreational amenities and cultural attractions. The property's address is 3202 Wexford Drive, Garland, TX 75043, with the APN 26C68000000003202. This is a rare chance to acquire a substantial multifamily investment in a desirable location with strong rental demand. The price per square foot is $222.81. Individual building purchases are possible.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.6165641
    Latitude
    32.8797052

    Nearby Similar for Sale

    • $13,500,000
      1.80 Acres

      Garland Car Wash & Lube

      State-of-the-art car wash and lube center in Garland, Texas.
      5423 Naaman Forest Blvd, Garland, TX 75044
      View Details
    • $1,050,000
      0.52 Acres

      Turn-Key Restaurant with Drive-Through

      Established restaurant with recent renovations and drive-through service.
      313 Castle Dr, Garland, TX 75040
      View Details
    • $950,000
      0.43 Acres

      Garland Flex Space For Sale

      Flex space with residence, office, and bays near State HWY.
      522 W Walnut Cir, Garland, TX 75040
      View Details
    • $1,450,000
      4,486 SF

      Equipped Car Dealership on Garland

      Turnkey car dealership with office, storage, and mechanic shop.
      2623 S Garland Ave, Garland, TX 75041
      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 Blvd, Garland, TX 75043
      View Details
    • New
      $749,900
      3.65 Acres

      Garland, TX Quadruplex For Sale

      Income-producing four-unit building in Garland, all units currently leased.
      3959 N Garland Ave, Garland, TX 75040
      View Details
    • $2,310,000
      10,500 SF

      Leased Strip Center in Garland

      100% leased strip center with long-term tenants and ample parking.
      545 Rowlett Rd, Garland, TX 75043
      View Details
    • $775,000
      0.24 Acres

      Garland, TX Quadruplex For Sale

      Investment opportunity: Quadruplex in Garland, TX with tenant occupancy.
      2117 W Walnut St, Garland, TX 75042
      View Details
    • $675,000
      0.20 Acres

      Income-Producing Townhome Style Fourplex

      Fully leased fourplex with townhome-style units and recent renovations.
      2722 Wimbledon Ct, Garland, TX 75041
      View Details
    • $1,100,000
      0.86 Acres

      Established Car Wash Investment Opportunity

      Family-owned car wash in Garland, TX, with strong income potential.
      3025 Arapaho Rd, Garland, TX 75044
      View Details
    • New
      $2,350,000
      14,720 SF

      Garland Multifamily Investment Opportunity

      24-unit apartment complex in downtown Garland with value-add potential.
      104 S 11Th St, Garland, TX 75040
      View Details
    • $279,000
      1,553 SF

      Two Homes on One Lot

      Two homes on one lot, great investment opportunity!
      401 E Miller Rd, Garland, TX 75041
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Luxury Townhomes, High ROI Potential
    Where is this multifamily property located?
    The property is located at 3202 Wexford Dr Garland, TX.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: 18-unit townhome portfolio on a 5.04-acre lot in Garland, TX.; Three newly constructed buildings (2022), each with six units.; Unit sizes: 1743 sq ft (2 units/building), 1600 sq ft (2 units/building), 1594 sq ft (2 units/building).
    (972) 484-6644 Call to check price and availability
    Request Owner's contact information
    3202 Wexford Dr Garland, TX 75043
    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.
    3202 Wexford Dr
    Garland, TX 75043
    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
    3202 Wexford Dr Garland, TX 75043
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Huma Azim
    Huma Azim
    Real Estate License ID: TX0575698
    (972) 484-6644 (817) 793-3613
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!