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    11115 Garland Rd Dallas, TX 75218-2511
    Property profile & analytics

    11115 Garland Rd, Dallas, TX 75218-2511

    View on Map
    • Grocery and convenience stores
    • 3,528 SF
    • 1.09 lot acres
    Off-Market
    Property ID
    US83-3203426
    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.
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chevron / Grocery & Convenience Store
    • Lopez Tire Shop / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • 24 Seven Tacos / Restaurant

    Property Details for 11115 Garland Rd

    Year built
    1994
    Construction
    TILT-UP CONCRETE
    Lot size
    1.09 lot acres
    Zone code
    Z59
    Property type
    Grocery and convenience stores
    APN
    536400340160000
    APU
    536400340160000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 7, 2018 — Pauls Petro Mart INC Ras Ent INC Warranty Deed $1.6M · First United Bk
    Apr 3, 2008 — Ras Ent INC Shal-dal INC Warranty Deed $1.8M · Shal-dal INC
    — — Pauls Petro Mart INC — Deed Of Trust · related $415k · Golden Bk
    — — Ras Ent INC — Deed Of Trust · related $1.6M · First Bk
    — — Pauls Petro Mart INC — Deed Of Trust · related —
    — — Pauls Petro Mart INC — Deed Of Trust · related $973k · First United Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $535,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $489,000
      Market price range: $327k - $525k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $315,000
      Current use
      COMMERCIAL (GENERAL)
      $495,000
      Change: +57% Conversion: Easy
      AUTO REPAIR, GARAGE
      $410,000
      Change: +30% Conversion: Difficult
      RETAIL STORES
      $330,000
      Change: +4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.6861
    Latitude
    32.8477
    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
    $26,734
    $709,070
    $455,930
    $1,165,000
    -
    $709,070
    $455,930
    $1,165,000

    Comparable in this City

    • Value Estimation
      $595,000
      12,740 SF

      9400 Garland Rd

      GROCERY, SUPERMARKET
      9400 Garland Rd, Dallas, TX 75218-3406
      View Details
    • Value Estimation by Request
      2,560 SF

      10468 Garland Rd

      CONVENIENCE STORE
      10468 Garland Rd, Dallas, TX 75218-2925
      View Details
    • Value Estimation
      $740,000
      4,514 SF

      12100 Enw Hwy

      CONVENIENCE STORE
      12100 Enw Hwy, Dallas, TX 75218-1414
      View Details
    • Value Estimation
      $1,755,000
      59,423 SF

      1200 Buckner Blvd

      GROCERY, SUPERMARKET
      1200 Buckner Blvd, Dallas, TX 75218-5002
      View Details
    • Value Estimation
      $1,160,000
      36,659 SF

      10710 Garland Rd

      GROCERY, SUPERMARKET
      10710 Garland Rd, Dallas, TX 75218-2607
      View Details
    • Value Estimation by Request
      3,392 SF

      7815 Garland Rd

      CONVENIENCE STORE
      7815 Garland Rd, Dallas, TX 75218-4414
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,528 SF

      Clearwater Express Car Wash

      Established car wash property for sale in Dallas, Texas.
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      16,486 SF

      Automotive Collision Repair Shop For Sale

      16,486 SF automotive collision repair shop with NNN lease.
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      13,521 SF

      Automotive Shop with Paint Booth

      11,638 SF automotive shop with paint booth for sale.
      11424 Garland Rd, Dallas, TX 75218
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    • $1,800,000
      0.51 Acres

      High-Traffic Retail Investment Opportunity

      Prime retail for sale with strong corridor visibility and convenient access to major highways for investors and owner-users.
      Dallas, TX 75218
      View Details
    • Contact for pricing

      Retail and Warehouse Investment Opportunity

      Retail center and warehouse on over 2 acres of land.
      11124 Alvin St, Dallas, TX 75218
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    Similar Nearby for Lease

    • Contact for pricing
      1,327 SF

      Restaurant and Retail Space Available

      Second generation restaurant and retail spaces for lease.
      9004 Garland Rd, Dallas, TX 75218
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    • Contact for pricing
      3,560 SF

      Casa Linda Retail and Restaurant

      Retail and restaurant spaces in Casa Linda neighborhood.
      9215-9219 Garland Rd, Dallas, TX 75218
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space in East Dallas

      2,200 SF retail space available in East Dallas.
      9371 Garland Rd, Dallas, TX 75218
      View Details
    • Contact for pricing
      1,601 SF

      Casa Linda Plaza Retail Space

      Historic retail space in Casa Linda Plaza, Dallas.
      9540 Garland Rd, Dallas, TX 75218
      View Details
    • Contact for pricing
      4,800 SF

      Retail Space in Shopping Center

      Retail space available in a diverse shopping center.
      11411 Northwest Hwy, Dallas, TX 75218
      View Details
    • Contact for pricing
      2,616 SF

      Retail Space in White Rock Center

      Retail and restaurant spaces available in vibrant shopping center.
      9005 Garland Rd, Dallas, TX 75218
      View Details

    Property Visit Statistics

    • Visits by month
      19.7k
    • Visitors by month
      11.6k
    • Avg Time on site
      15 min
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    Dallas, TX 75218-2511
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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.

    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
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