Garland Industrial Site For
For Sale
Contact for pricing
3350 Marquis Dr, Garland, TX
Industrial site featuring four buildings totaling 362,065 square feet.
Property Size362,065 SF
Lot Size18.74 Acres
Price / SF$69.05
Days on Market553
Property Features for 3350 Marquis Dr
General Information
Standard status
Active
Size
362,065 SF
Lot size
18.74 Acres
Property subtype
INDUSTRIAL
Listing Agency:
NAI Robert Lynn-Dallas
(214) 256-7160
Listed By:
Mark Miller · License #3404417
(214) 256-7100
Source:
Moodyscre
Added: Feb 25, 2025
Changed: Aug 19
Last Checked: Aug 31 at 1:39AM
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-Dallas
Investment Insights
Based on property information with market context.
This industrial site in Garland, Texas, includes four buildings totaling 362,065 square feet. Situated on 18.74 acres, the property is suitable for warehousing and light manufacturing. The site is fully fenced and secured with a guard shack.
Key Highlights
- Four buildings totaling 362,065 SF
- Situated on 18.74 acres
- Fully fenced & secured with guard shack
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$2,284,507
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$45,690,140
$45.7M
Cap Rate 7%
$32,635,814
$32.6M
Cap Rate 9%
$25,383,411
$25.4M
Market Conditions
NOI Build-Up for 362,065 SF
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.
Gross rent
$3.61M $9.96/SF
− Vacancy
−$342.6K −$0.95/SF
EGI
$3.26M $9.01/SF
− OpEx
−$979.1K −$2.70/SF
NOI
$2.28M $6.31/SF
Area
Garland, TX
Vacancy
9.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$45,690,140
Cap Rate 7%
$32,635,814
Cap Rate 9%
$25,383,411
Alternative Uses
Best Use
Warehouse
$39.63M
$34.68M – $46.23M
NOI $2,774,044 @ 7.0% cap · market cap 11.10%
Second Best
Industrial
$32.64M
$28.56M – $38.08M
NOI $2,284,507 @ 7.0% cap · market cap 9.14%
Theoretical Best
Office A
$434.45M
$380.14M – $506.86M
NOI $30,411,375 @ 7.0% cap · market cap 121.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial site featuring four buildings totaling 362,065 square feet.
Where is this manufacturing property located?
The property is located at 3350 Marquis Dr Garland, TX.
What is the asking price?
The asking price for this property is $25,000,000.
What are key features of this property?
This property features: Four buildings totaling 362,065 SF; Situated on 18.74 acres; Fully fenced & secured with guard shack
