Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1001 Performance Pl Grand Prairie, TX 75050-7965

    • Theaters & concert halls
    • 197,000 SF
    • 25.51 lot acres
    OFF-MARKET
    Value Estimations
    $4,090,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3745752
    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

    • Wolfgang Puck Catering / Restaurant
    • AEG / Theater & Performing Art Venue / Music Venue
    • The Theatre at Grand Prairie / Parking Lot & Garage

    Property Details for 1001 Performance Pl

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    25.51 lot acres
    Property size
    197,000 SF
    Zone code
    Z236
    Property type
    Theaters & concert halls
    APN
    28124920020010000
    APU
    28124920020010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      THEATER (MOVIE)
      $5,025,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Grand Prairie
    County
    Dallas
    State
    Texas
    Longitude
    -96.9834
    Latitude
    32.7669
    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
    $0.00
    $1,111,090
    $46,329,360
    $47,440,450
    -
    $1,111,090
    $46,329,360
    $47,440,450

    Comparable in this City

    • Value Estimation by Request
      9,010 SF

      120 Main St

      THEATER (MOVIE) • 9,010 SF
      120 Main St, Grand Prairie, TX 75050-5721
      View Details
    • Value Estimation by Request
      9,000 SF

      406 Main St

      AUDITORIUM • 9,000 SF
      406 Main St, Grand Prairie, TX 75050
      View Details
    • Value Estimation by Request
      107.95 Acres

      3000 Riverside Pkwy

      COUNTRY CLUB • 107.95 Acres
      3000 Riverside Pkwy, Grand Prairie, TX 75050-6444
      View Details
    • Value Estimation by Request
      12.82 Acres

      3000 Riverside Pkwy

      COUNTRY CLUB • 12.82 Acres
      3000 Riverside Pkwy, Grand Prairie, TX 75050-6444
      View Details
    • Value Estimation by Request
      8,959 SF

      3000 Riverside Pkwy

      COUNTRY CLUB • 8,959 SF
      3000 Riverside Pkwy, Grand Prairie, TX 75050-6444
      View Details
    • Value Estimation by Request
      5.00 Acres

      3200 Riv Rdg Blvd

      COUNTRY CLUB • 5.00 Acres
      3200 Riv Rdg Blvd, Grand Prairie, TX 75050-6753
      View Details

    Similar Nearby for Sale

    • $90,000
      0.15 Acres

      Grand Prairie Land Development Opportunity

      Prime land in growing Grand Prairie area, ideal for development.
      625 N M L King Jr Blvd, Grand Prairie, TX 75050
      View Details
    • $40,000
      0.18 Acres

      Grand Prairie Land Opportunity

      Prime lot in Grand Prairie, ideal for new home or investment.
      1133 W Church St, Grand Prairie, TX 75050
      View Details
    • $1,200,000
      1,375 SF

      Grand Prairie Townhomes on Large Lot

      Value-add multifamily opportunity near major employers and Interstate 30.
      2401 Doreen St, Grand Prairie, TX 75050
      View Details
    • $149,995
      0.84 Acres

      Grand Prairie Commercial Land Available

      0.84 acre lot in Grand Prairie, Dallas County, TX.
      901 NW 19Th St, Grand Prairie, TX 75050
      View Details
    • $1,700,000
      14,493 SF

      Grand Prairie Office Building For Sale

      14,493 SF office building with high occupancy and visibility.
      200 N Carrier Pkwy, Grand Prairie, TX 75050
      View Details
    • Contact for pricing
      6,284 SF

      Downtown Mixed-Use Development Opportunity

      Two buildings in downtown core area, development opportunity.
      315 W Main St, Grand Prairie, TX 75050
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Grand Prairie Warehouse and Office

      Flexible warehouse and office spaces with comprehensive amenities available for rent.
      2615 Gifford St, Grand Prairie, TX 75050
      View Details
    • $23 SF/Yr
      1,599 SF

      Grand Prairie Office Space Available

      Office space for rent with highway access and covered parking.
      2505 State Highway 360 N, Grand Prairie, TX 75050
      View Details
    • Contact for pricing
      3,408 SF

      Grand Prairie Flex/Industrial Space

      Flex/industrial space available for lease in Grand Prairie, TX.
      2555 114Th St, Grand Prairie, TX 75050
      View Details
    • Contact for pricing
      1,100 SF

      Grand Prairie Industrial/Flex Space

      Industrial/flex property with convenient highway access in Grand Prairie, TX.
      2345 Dalworth St, Grand Prairie, TX 75050
      View Details
    • Contact for pricing
      14,489 SF

      Industrial Space in Grand Prairie

      Available industrial space with tilt-wall construction and light industrial zoning.
      1111 W Carrier Pkwy, Grand Prairie, TX 75050
      View Details
    • Contact for pricing

      Grand Prairie Warehouse Space

      35,000 sq ft warehouse space available for lease.
      923 Avenue J, Grand Prairie, TX 75050
      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.
    1001 Performance Pl
    Grand Prairie, TX 75050-7965
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!