10901 Garland Rd Dallas, TX 75218
Property Lookup
Property profile & analytics
10901 Garland Rd Dallas, TX 75218
- Medical Office Space
- 15,536 SF
- 0.48 lot acres
Property ID
US82-1130157
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.
Location Intelligence
Current Use by Public Records
- Smiley Dental & Orthodontics / Dental Office
- Clinica San Andres / Medical Clinic
- Wong Jamie S DDS / Dental Office
- Dr. Stephen Dao / Dental Office
- Yasmin Awad / Dental Office
Property Details for 10901 Garland Rd
- Year built
- 1967
- Construction
- FRAME
- Lot size
- 0.48 lot acres
- Property size
- 15,536 SF
- Zone code
- Z59
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 536100000110000
- APU
- 536100000110000
Description
This exceptional investment opportunity presents a 15,536-square-foot medical office building in Dallas, Texas, boasting a strong 8% capitalization rate. The property, situated on a 0.48-acre lot at 10901 Garland Rd, 75218, is a two-story building constructed in 1967 and renovated in 2006. Currently 100% occupied by three tenants, including the anchor tenant, Smiley Dental & Orthodontics, the building benefits from a triple-net (NNN) lease structure with a corporate guarantee. The leases feature annual 2% rent increases, providing inflation protection. The current Net Operating Income (NOI) stands at $310,720. Smiley Dental & Orthodontics occupies 50% of the space under a new 15-year NNN lease, while Clinica San Andres and Smiley Dental Management office are under a three-year NNN lease. The owner-user option exists, as the 7,768 square foot upstairs office space occupied by Smiley Dental Management could be relocated. This stabilized investment offers a secure, long-term return in a rapidly growing metropolitan area, with the added benefit of no state income tax in Texas. The building's strong tenant base, coupled with the long-term lease agreements and built-in rent increases, makes this a compelling investment opportunity. The asking price is $3,884,000.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Dallas
- State
- Texas
- Longitude
- -96.688
- Latitude
- 32.846
- 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
2024
$25,243
$145,450
$954,550
$1,100,000
-
$145,450
$954,550
$1,100,000
