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    OFF-MARKET
    Warehouses

    116 Austin St, Garland, TX 75040

    3,000 SF Built 1983
    Property ID
    Property summary
    AI-generated overview

    This vacant 3,000 square foot industrial building in Garland, Texas, is available for sale at $570,000 ($190/SF). Located at 116 Austin St, 75040, this single-story, Class C building sits on a 10,000 square foot lot and offers a functional blend of office and warehouse space. Built in 1983, the property features a 10-foot ceiling height and three grade-level doors. The fully paved lot is fenced for added security. This owner-user opportunity is ideally suited for businesses needing under 10,000 square feet of space. Its prime location offers easy access to I-635 and the President George Bush Turnpike, placing it approximately 0.25 miles from Downtown Garland and within minutes of the Garland Industrial Submarket. The surrounding area boasts strong demographics, with over 312,538 residents and over $3.3 billion in consumer spending within a five-mile radius. The property is currently vacant and presents a unique chance to acquire a functional industrial space in a thriving location. No ground lease is involved.

    Property profile
    Verified
    Property type Warehouses
    Year built 1983
    Total area 3,000 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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