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    1202-1250 Northwest Hwy Garland, TX 75041
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    1202-1250 Northwest Hwy, Garland, TX 75041

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    • Retail properties & Spaces
    • 33,366 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1202-1250 Northwest Hwy

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Northwest Crossing, located at 1202-1250 Northwest Highway in Garland, Texas (zip code 75041), offers exceptional retail and restaurant opportunities. This Dallas County property boasts a total building size of 33,366 square feet situated on a 2.42-acre lot. The property is currently multi-tenant, with a significant amount of vacant space totaling 5,389 square feet available for lease. Individual spaces range from a minimum of 971 square feet to a maximum contiguous space of 2,920 square feet, providing flexibility for various business needs. The property's prime location ensures high visibility and accessibility for customers, making it an ideal investment for businesses seeking a thriving retail environment in Garland. The address is easily accessible from Northwest Highway, offering excellent exposure to a large volume of daily traffic. This presents a unique opportunity for businesses to establish a strong presence in a bustling commercial area. The property's size and layout offer considerable potential for expansion or adaptation to suit a variety of retail concepts. Interested parties are encouraged to inquire about lease terms and availability.

    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
    -96.6453
    Latitude
    32.863

    Comparable in this City

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      78,643 SF

      Kingsley &

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      5,350 SF

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      9,380 SF

      1651 Wall St

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      90,459 SF

      Centerville Rd. & Hwy

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    • Value Estimation by Request
      86,620 SF

      2734 Kingsley Rd

      Refrigerated & Cold Storage
      2734 Kingsley Rd, Garland, TX 75041
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    Similar Nearby for Sale

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      105,279 SF

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      Development-Ready Land in Garland, TX

      Infill pad sites in active retail corridor, development-ready land.
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      Versatile Retail and Industrial Property

      6.97-acre property with warehouse, retail potential, ample parking.
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      5,440 SF

      Freeway-Adjacent Restaurant Opportunity in Garland

      Second-generation restaurant space with high visibility and existing infrastructure.
      12733 Lyndon B Johnson Fwy, Garland, TX 75041
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      5,440 SF

      Freeway-Adjacent Restaurant Opportunity in Garland

      High-visibility restaurant space with existing infrastructure on LBJ Freeway.
      12733 Lyndon B Johnson Fwy, Garland, TX 75041
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    • $1,250,000
      4,486 SF

      Turnkey Car Dealership Opportunity

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    Similar Nearby for Lease

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      Versatile Space in Garland, Texas

      Adaptable commercial space suitable for retail, medical, or restaurant use.
      1015 West Centerville Rd, Garland, TX 75041
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      1,700 SF

      Retail Center at First & Kingsley

      81,127 SF retail center with diverse tenant mix.
      150 W Kingsley Rd, Garland, TX 75041
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      1,005 SF

      Restaurant Space in Garland Center

      Second-generation restaurant space in a busy shopping center.
      803-809 West Centerville Rd, Garland, TX 75041
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      Redeveloped Retail Center on I-635

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      5,092 SF

      Restaurant Space Available For Lease

      Restaurant property available for lease in Garland, Texas.
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      9,234 SF

      Retail Property Available For Rent

      Retail property with 36,988 square feet available for lease.
      13509 Lbj Fwy, Garland, TX 75041
      View Details
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    Garland, TX 75041
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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.

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