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    825 Centerville Rd Garland, TX 75041

    • Outlet malls
    • 34,589 SF
    • 3.52 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4662048
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Big Lots / Discount Store / Furniture Store

    Property Details for 825 Centerville Rd

    Year built
    1977
    Construction
    TILT-UP CONCRETE
    Lot size
    3.52 lot acres
    Property size
    34,589 SF
    Zone code
    Z239
    Property type
    Outlet malls
    APN
    26450700010010000
    APU
    26450700010010000

    Description

    This exceptional retail property, located at 825 W Centerville Rd, Garland, TX 75041, offers a significant opportunity for a single-tenant user. The building boasts a total of 34,456 square feet, with 34,589 square feet currently vacant, providing ample space for a variety of retail businesses. Situated on a generous 3.52-acre lot, the property features 173 parking spaces, ensuring convenient access for customers. The strategic location at the busy intersection of Northwest Highway and W. Centerville Road provides excellent visibility and accessibility. This high-traffic area is home to a diverse range of established retailers, including Tom Thumb, Pet Supplies Plus, Office Depot, Ross Dress for Less, Dollar Tree, LA Fitness, Winco, Walmart Supercenter, O'Reilly Auto Parts, and Dollar General, creating a strong retail environment. The property offers easy access with multiple points of ingress and egress, further enhancing its appeal. Annual property taxes are $2.32 per square foot. This property presents a rare opportunity to establish a prominent retail presence in a thriving Garland, Texas market.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.6438
    Latitude
    32.8613
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $78,943
    $2,146,340
    $1,303,660
    $3,450,000
    -
    $2,146,340
    $1,303,660
    $3,450,000

    Comparable in this City

    • Value Estimation by Request
      50,400 SF

      1202 Centerville Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 50,400 SF
      1202 Centerville Rd, Garland, TX 75041-5921
      View Details
    • Value Estimation by Request
      24,616 SF

      2906 Miller Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 24,616 SF
      2906 Miller Rd, Garland, TX 75041-1213
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    • Value Estimation by Request
      192,759 SF

      1801 Marketplace Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 192,759 SF
      1801 Marketplace Dr, Garland, TX 75041-5605
      View Details
    • Value Estimation
      $1,175,000
      63,433 SF

      822 Centerville Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 63,433 SF
      822 Centerville Rd, Garland, TX 75041-3619
      View Details
    • Value Estimation by Request
      23,483 SF

      985 Centerville Rd

      REGIONAL SHOPPING CENTER, MALL • 23,483 SF
      985 Centerville Rd, Garland, TX 75041-5824
      View Details
    • Value Estimation by Request
      34,754 SF

      1251 Nwnw Hwy

      REGIONAL SHOPPING CENTER, MALL • 34,754 SF
      1251 Nwnw Hwy, Garland, TX 75041-5835
      View Details

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      Retail Space in Garland, Texas

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      822 E Centerville Rd, Garland, TX 75041
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      Garland Retail Center Opportunity

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      0 Centerville Rd. & Hwy, Garland, TX 75041
      View Details
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    825 Centerville Rd
    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.

    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
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