Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2807 Centerville Rd Garland, TX 75040

    Property Lookup

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

    2807 Centerville Rd Garland, TX 75040

    View on Map
    • Warehouses
    • 150,926 SF
    • 9.30 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 1-800 Office Solutions / Tech Support Center / IT Consulting Firm

    Property Details for 2807 Centerville Rd

    Year built
    2024
    Lot size
    9.30 lot acres
    Property size
    150,926 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 150,926-square-foot Class A warehouse, built in 2024, is ideally situated in Garland, Dallas County, Texas, at 2807 E Centerville Rd, zip code 75040. The property sits on 9.3 acres and offers a single-tenant occupancy. The building boasts a 32-foot ceiling height, providing ample vertical space for efficient storage and operations. Loading is facilitated by 29 dock-high doors and 2 drive-in doors, ensuring smooth and efficient material handling. Ample parking is available with 98 spaces. The warehouse is equipped with robust power, featuring 1500A, 480V, 3-phase electrical service. Its strategic location within the Garland submarket offers easy access to major transportation arteries, including I-635, I-30, and the George Bush Tollway, providing excellent connectivity throughout the Dallas-Fort Worth Metroplex. This property is perfect for distribution, manufacturing, or general warehousing needs. The entire 150,926 square feet is currently vacant and ready for immediate occupancy. This is a rare opportunity to secure a state-of-the-art facility in a prime location.

    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
    -96.6004
    Latitude
    32.9051

    Comparable in this City

    • Value Estimation by Request
      3,000 SF

      116 Austin St

      Distribution properties • 3,000 SF
      116 Austin St, Garland, TX 75040
      View Details
    • Value Estimation
      $3,615,000
      150,926 SF

      2815 Centerville Rd

      DISTRIBUTION WAREHOUSE • 150,926 SF
      2815 Centerville Rd, Garland, TX 75040-6818
      View Details
    • Value Estimation
      $540,000
      17,052 SF

      913 Walnut St

      DISTRIBUTION WAREHOUSE • 17,052 SF
      913 Walnut St, Garland, TX 75040
      View Details
    • Value Estimation
      $4,555,000
      63,000 SF

      1565 Hwy 66

      DISTRIBUTION WAREHOUSE • 63,000 SF
      1565 Hwy 66, Garland, TX 75040-6726
      View Details
    • Value Estimation by Request
      6,040 SF

      713 Walnut St

      DISTRIBUTION WAREHOUSE • 6,040 SF
      713 Walnut St, Garland, TX 75040-6607
      View Details
    • Value Estimation
      $780,000
      20,320 SF

      816 Walnut St

      DISTRIBUTION WAREHOUSE • 20,320 SF
      816 Walnut St, Garland, TX 75040-6610
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,500 SF

      Garland Industrial Property with Cross-Dock

      Industrial property featuring a cross-dock building and auxiliary office.
      1801 Commerce St, Garland, TX 75040
      View Details
    • Contact for pricing
      19,200 SF

      Garland Warehouse with Truck Court

      19,200 SF warehouse with multiple access points in Garland.
      1824 N 1St St, Garland, TX 75040
      View Details
    • Contact for pricing
      25,000 SF

      Industrial Property with Automotive Features

      25,000 SF industrial property featuring automotive equipment.
      421 E Walnut St, Garland, TX 75040
      View Details
    • Contact for pricing
      8,400 SF

      Industrial Warehouse Space For Rent

      8,400 SF warehouse space available for lease.
      301 E Walnut St, Garland, TX 75040
      View Details
    • $1,599,999
      6,016 SF

      Garland Industrial Building - 6,016 SF

      Spacious industrial property, ideal for various uses. Great location.
      113 Casalita Dr, Garland, TX 75040
      View Details
    • Contact for pricing
      19,200 SF

      Industrial Property in Garland, Texas

      19,200 SqFt industrial property available for sale.
      1101 Main St, Garland, TX 75040
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,214 SF

      Garland Warehouse Near Downtown

      Warehouse space near Downtown Garland with grandfathered use.
      108 Austin St, Garland, TX 75040
      View Details
    • Contact for pricing
      8,091 SF

      Garland Warehouse Space Available

      8,091 square foot warehouse space for lease in Garland.
      913-917 E Walnut St, Garland, TX 75040
      View Details
    • Contact for pricing
      1,534 SF

      Garland Warehouse Space Available

      Warehouse space near Hwy 66 and I-635 in Garland, TX.
      702-710 E Walnut St, Garland, TX 75040
      View Details
    • Contact for pricing
      12,540 SF

      Garland Warehouse with Office Space

      Industrial warehouse featuring office space, dock and grade level doors.
      616 N 5Th St, Garland, TX 75040
      View Details
    • $6,722 /Mo
      126,324 SF

      Warehouse Space in Garland, Texas

      Warehouse space available for lease in Garland, Texas.
      201 Range Dr, Garland, TX 75040
      View Details
    • Contact for pricing

      Renovated Industrial Suite in Garland

      Move-in ready industrial suite with heavy power and truck access.
      201 Range Dr, Garland, TX 75040
      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.
    2807 Centerville Rd
    Garland, TX 75040
    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
    2807 Centerville Rd, Garland, TX, 75040
    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!