Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    109 Kirby St Garland, TX 75042

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    109 Kirby St Garland, TX 75042

    View on Map
    • Warehouses
    • 25,461 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Nuevo Pacto Christian Church / Church
    • Brian's Fleet Washing / Car Wash
    • Sled Dog Wholesale Flooring / Carpet & Flooring Store / Hardware & Home Improvement
    • JLC WELDING / General Contractor
    • Blackline Auto Care / Auto Repair Shop

    Property Details for 109 Kirby St

    Year built
    1975
    Property size
    25,461 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional Garland, Texas industrial property, located at 109-333 Kirby Street, 75042, offers 25,461 square feet of versatile flex and warehouse space. Currently fully occupied, this multi-tenant building boasts a blend of modern functionality and classic industrial design. Constructed in 1975, the property is situated in Dallas County and provides a strategic location for businesses seeking efficient operations. The building's layout includes individual units with a mix of office and warehouse space, catering to diverse business needs. Each unit features practical amenities such as private restrooms and convenient overhead doors for easy loading and unloading. The property's design allows for seamless integration of office and warehouse functions, maximizing efficiency and productivity. The 0% vacancy rate speaks to the high demand and desirability of this location. This property presents a rare opportunity to acquire a well-maintained, fully occupied industrial asset in a thriving Garland market. The property's size and layout make it ideal for a variety of businesses, from light manufacturing to distribution and logistics. Its location in Dallas County offers excellent access to major transportation routes, ensuring convenient commutes and efficient supply chain management. This is a prime investment opportunity in a robust and growing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.6771
    Latitude
    32.9135

    Comparable in this City

    • Value Estimation by Request
      27,600 SF

      3775 Marquis Dr

      Distribution properties • 27,600 SF
      3775 Marquis Dr, Garland, TX 75042
      View Details
    • Value Estimation by Request
      39,425 SF

      3727 Marquis Dr

      Distribution properties • 39,425 SF
      3727 Marquis Dr, Garland, TX 75042
      View Details
    • Value Estimation
      $2,075,000
      118,000 SF

      1036 Jupiter Rd

      DISTRIBUTION WAREHOUSE • 118,000 SF
      1036 Jupiter Rd, Garland, TX 75042-7778
      View Details
    • Value Estimation
      $3,970,000
      161,700 SF

      850 Jupiter Rd

      DISTRIBUTION WAREHOUSE • 161,700 SF
      850 Jupiter Rd, Garland, TX 75042-7781
      View Details
    • Value Estimation
      $10,575,000
      183,664 SF

      2850 Marquis Dr

      DISTRIBUTION WAREHOUSE • 183,664 SF
      2850 Marquis Dr, Garland, TX 75042-7809
      View Details
    • Value Estimation
      $2,475,000
      155,655 SF

      3701 Marquis Dr

      DISTRIBUTION WAREHOUSE • 155,655 SF
      3701 Marquis Dr, Garland, TX 75042-7595
      View Details

    Similar Nearby for Sale

    • $25,000,000
      105,705 SF

      Garland Warehouse with HVAC

      105,705 SF warehouse featuring HVAC and loading docks.
      3232-3266 Marquis Dr, Garland, TX 75042
      View Details
    • Contact for pricing
      20,000 SF

      Garland Flex Space Available

      Flex space with office and grade level doors.
      217 International Rd, Garland, TX 75042
      View Details
    • $25,000,000
      43,923 SF

      Garland Warehouse with HVAC Office

      362,065 SF warehouse with 3,200 SF HVAC office.
      1200 S Jupiter Rd, Garland, TX 75042
      View Details
    • $2,600,000
      20,902 SF

      Multi-Tenant Industrial Value Add Property

      Multi-tenant industrial property with below market rents in Garland, TX.
      325 Gold St, Garland, TX 75042
      View Details
    • Contact for pricing
      362,065 SF

      Garland Industrial Site For Sale

      Industrial site featuring four buildings totaling 362,065 square feet.
      3350 Marquis Dr, Garland, TX 75042
      View Details
    • $25,000,000
      207,687 SF

      207,687 SF Garland Warehouse

      Warehouse with office mezzanine and production space for sale.
      1720 S Jupiter Rd, Garland, TX 75042
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      137,280 SF

      Modern Distribution Center in Garland

      State-of-the-art distribution center suitable for distributors and manufacturers.
      2750 Miller Park N, Garland, TX 75042
      View Details
    • Contact for pricing
      51,840 SF

      Distribution Center with Cross-Dock Facility

      Modern distribution facility ideal for assembly and manufacturing companies.
      902 S International Rd, Garland, TX 75042
      View Details
    • Contact for pricing
      45,450 SF

      Industrial Warehouse in Garland, Texas

      151,200 SF warehouse ideal for local and regional distribution.
      3101 Marquis Dr, Garland, TX 75042
      View Details
    • Contact for pricing
      25,738 SF

      Garland Industrial Warehouse Space

      32,110 SF industrial space for lease in Garland, TX.
      12061 Forest Gate Dr, Garland, TX 75042
      View Details
    • Contact for pricing
      2,520 SF

      Office Warehouse with Fenced Yard

      One-story office warehouse featuring a fenced yard and ample parking.
      3750-3752 Marquis Dr, Garland, TX 75042
      View Details
    • $15 SF/Yr
      29,185 SF

      Climate-Controlled Warehouse in Garland, TX

      Industrial-zoned property with climate-controlled warehouse and office space for lease.
      527 Shepherd Dr, Garland, TX 75042
      View Details
    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.
    109 Kirby St
    Garland, TX 75042
    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

    109 Kirby St, Garland, TX, 75042

    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!