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    3450 Wagon Wheel Rd Garland, TX 75044

    • Commercial real estate
    • 40,671 SF
    • 7.14 lot acres
    For Sale
    View listing
    $22,000,000
    Value Estimation
    Last Sale
    Apr 16, 2024
    Location Intelligence
    Property ID
    US83-3418880
    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

    • Commercial real estate

    Property Details for 3450 Wagon Wheel Rd

    Year built
    2008
    Construction
    FRAME
    Lot size
    7.14 lot acres
    Property size
    40,671 SF
    Zone code
    Z239
    Property type
    Commercial real estate
    APN
    261996200102R0000
    APU
    261996200102R0000

    Description

    This exceptional 74,562 square foot, two-building assisted living facility, situated on 7.14 acres in Garland, Texas, presents a compelling investment opportunity. Built in 2008, this single-story property boasts 108 rooms with a capacity for up to 166 beds, offering significant potential for conversion or continued operation within the rapidly expanding senior care market. The property includes 100 parking spaces, accommodating both standard and handicap-accessible vehicles, along with a fully equipped kitchen and fitness center. Located in a high-traffic area with over 20,000 vehicles passing daily and surrounded by major national retailers, this property benefits from excellent visibility and accessibility. The strong demographics further enhance its appeal

    Value Estimation

    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
    -96.653
    Latitude
    32.9497
    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
    $148,732
    $700,090
    $5,799,910
    $6,500,000
    -
    $700,090
    $5,799,910
    $6,500,000

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    3450 Wagon Wheel Rd
    Garland, TX 75044
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    Realmo Value Estimation

    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.

    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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