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Property profile & analytics
OFF-MARKET
Land

0 Centerville Rd At Firewheel Pkwy Garland, TX 75040

4.25 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 4.247-acre commercial land tract is situated at the southeast corner of Centerville Road and Firewheel Parkway in Garland, Texas, zip code 75040. Currently zoned NS Neighborhood Services, this property offers 2.2 net acres (expandable to 3.8 net acres with fill, subject to Garland city guidelines), providing significant development potential. The site boasts 214 feet of frontage on Centerville Road and is approximately 750 feet deep. Centerville Road, a major thoroughfare, provides direct access to I-635 (LBJ Freeway) and saw 7,386 vehicles daily in 2019. Firewheel Parkway, a six-lane divided road, offers excellent visibility and accessibility. The property's northern boundary is 66 feet south of Firewheel Parkway due to a right-of-way easement for a bridge over Rowlett Creek. A portion of the property (approximately 2.2 acres) lies outside the FEMA floodplain; the remainder is within the 100-year floodplain. A 2004 FEMA CLOMR-F allows for fill to increase the net acreage. Development within the floodplain requires compliance with Garland's 1988 Rowlett and Spring Creek Flood Plain Management Study and associated development standards. The asking price is $662,112, translating to approximately $7.25 per square foot for the 2.2 net acres, $3.56 per square foot based on gross acreage, or $4 per square foot based on the potential 3.8 net acres after fill. The property's proximity to Firewheel Mall (two miles west) further enhances its desirability. This is the only commercial corner lot at this intersection, presenting a unique opportunity for investors and developers.

Property profile
Verified
Property type Land
Lot 4.25 ac (184,999 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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