Sign Up Successful!
You now have access to more from Realmo!
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

    1172 113th St Grand Prairie, TX 75050-2609

    • Distribution centers
    • 136,259 SF
    • 6.47 lot acres
    OFF-MARKET
    Value Estimations
    $2,015,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3938264
    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

    • Sunsource Systems Technologies / Software Company

    Property Details for 1172 113th St

    Year built
    1980
    Lot size
    6.47 lot acres
    Property size
    136,259 SF
    Property type
    Distribution centers
    APN
    48501-16-2
    APU
    48501162

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Prairie
    County
    Tarrant
    State
    Texas
    Longitude
    -97.0427
    Latitude
    32.7637
    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
    $147,359
    $986,416
    $5,826,534
    $6,812,950
    -
    $986,416
    $5,826,534
    $6,812,950

    Comparable in this City

    • Value Estimation by Request
      2.02 Acres

      3324 Trinity Blvd

      DISTRIBUTION WAREHOUSE • 2.02 Acres
      3324 Trinity Blvd, Grand Prairie, TX 75050-6732
      View Details
    • Value Estimation
      $6,155,000
      423,700 SF

      610 Trinity Blvd

      DISTRIBUTION WAREHOUSE • 423,700 SF
      610 Trinity Blvd, Grand Prairie, TX 75050-8906
      View Details
    • Value Estimation
      $3,095,000
      156,000 SF

      200 Trinity Blvd

      DISTRIBUTION WAREHOUSE • 156,000 SF
      200 Trinity Blvd, Grand Prairie, TX 75050-8031
      View Details
    • Value Estimation
      $2,050,000
      70,771 SF

      1510 Shady Grv Rd

      DISTRIBUTION WAREHOUSE • 70,771 SF
      1510 Shady Grv Rd, Grand Prairie, TX 75050-7102
      View Details
    • Value Estimation
      $1,910,000
      130,000 SF

      907 Ave R R

      DISTRIBUTION WAREHOUSE • 130,000 SF
      907 Ave R R, Grand Prairie, TX 75050-1504
      View Details
    • Value Estimation
      $1,525,000
      100,250 SF

      1201 Ave R R

      DISTRIBUTION WAREHOUSE • 100,250 SF
      1201 Ave R R, Grand Prairie, TX 75050-1602
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,050 SF

      Grand Prairie Distribution Center

      25,050 SF Industrial Building, 3 Acres
      2430-2434 January Ln, Grand Prairie, TX 75050
      View Details
    • $632,000
      8,000 SF

      8,000 SF Industrial Flex Building

      Freestanding industrial/flex building with secured storage and easy highway access.
      2442 NW Dallas St, Grand Prairie, TX 75050
      View Details
    • $1,600,000
      1.23 Acres

      Grand Prairie Warehouse Redevelopment Opportunity

      Redevelopment opportunity with access on E. Main Street and N Bagdad.
      2336 E Main St, Grand Prairie, TX 75050
      View Details
    • Contact for pricing
      20.50 Acres

      Grand Prairie Industrial Land

      20.5 Acres, Light Industrial Zoning
      2701 Hunter Ferrell Rd, Grand Prairie, TX 75050
      View Details
    • $2,400,000
      5,760 SF

      Office/Warehouse with Shop in Grand Prairie

      2.78 acres with office/warehouse and shop for sale.
      1218 W Shady Grove Rd, Grand Prairie, TX 75050
      View Details
    • $4,000,000
      14.59 Acres

      Beltline I-30 Commercial Land

      14.59 Acres, Prime Grand Prairie Location
      905 Belt Line Rd, Grand Prairie, TX 75050
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      299,734 SF

      Grand Prairie Distribution Center

      Class B Warehouse, 2 Spaces Available
      602 Fountain Pkwy, Grand Prairie, TX 75050
      View Details
    • Contact for pricing
      499,590 SF

      Grand Prairie Logistics Facility

      Class A logistics facility in a proven industrial district.
      317 E Shady Grove Rd, Grand Prairie, TX 75050
      View Details
    • Contact for pricing
      322,215 SF

      2615 Gifford St

      Life science properties • 322,215 SF
      2615 Gifford St, Grand Prairie, TX 75050
      View Details
    • Contact for pricing
      83,200 SF

      Trinity West Business Park: Suite B

      Grand Prairie Industrial Space Available
      2450 114Th St, Grand Prairie, TX 75050
      View Details
    • Contact for pricing
      293,436 SF

      Grand Prairie Logistics Facility

      Class A logistics facility in a proven industrial district.
      745 E Shady Grove Rd, Grand Prairie, TX 75050
      View Details
    • Contact for pricing
      57,598 SF

      Trinity West Business Park

      Industrial Flex Space Available
      2550 114Th St, 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.
    1172 113th St
    Grand Prairie, TX 75050-2609
    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.