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

    120 State St Garland, TX 75040-6408

    • Showrooms
    • 1,736 SF
    • 0.19 lot acres
    OFF-MARKET
    Last Sale
    Mar 03, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4300618
    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

    • Tex-Air Cryoginics / Industrial Gas Supplier

    Property Details for 120 State St

    Year built
    1990
    Construction
    STEEL FRAME
    Lot size
    0.19 lot acres
    Property size
    1,736 SF
    Zone code
    Z53
    Property type
    Showrooms
    APN
    26324500000050000
    APU
    26324500000050000

    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
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.6324
    Latitude
    32.9131
    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
    $4,273
    $99,960
    $86,780
    $186,740
    -
    $99,960
    $86,780
    $186,740

    Comparable in this City

    • Value Estimation
      $575,000
      2,560 SF

      1120 1st St

      SHOW ROOM, WAREHOUSE • 2,560 SF
      1120 1st St, Garland, TX 75040-5102
      View Details
    • Value Estimation
      $4,310,000
      20,502 SF

      301 Buckingham Rd

      SHOW ROOM, WAREHOUSE • 20,502 SF
      301 Buckingham Rd, Garland, TX 75040-4756
      View Details
    • Value Estimation
      $1,150,000
      4,950 SF

      912 Walnut St

      SHOW ROOM, WAREHOUSE • 4,950 SF
      912 Walnut St, Garland, TX 75040-6612
      View Details
    • Value Estimation
      $49,025,000
      201,347 SF

      2350 Crist Rd

      SHOW ROOM, WAREHOUSE • 201,347 SF
      2350 Crist Rd, Garland, TX 75040-3716
      View Details
    • Value Estimation
      $1,815,000
      7,730 SF

      702 Walnut St

      SHOW ROOM, WAREHOUSE • 7,730 SF
      702 Walnut St, Garland, TX 75040-6608
      View Details
    • Value Estimation
      $890,000
      3,775 SF

      840 1st St

      SHOW ROOM, WAREHOUSE • 3,775 SF
      840 1st St, Garland, TX 75040-5708
      View Details

    Similar Nearby for Sale

    • $6,251,000
      13,813 SF

      Garland Retail NNN Opportunity

      Retail property with NNN lease, options, and high visibility.
      5702 Lavon Dr, Garland, TX 75040
      View Details
    • Contact for pricing
      22,685 SF

      Garland Retail Center - Prime Location

      ±22,685 SF Retail Space - Lease/Sale
      517 5Th St, Garland, TX 75040
      View Details
    • $1,149,900
      0.41 Acres

      Garland Commercial Property with Office

      Two parcels with office space in high-traffic Garland location.
      200 Avenue A E, Garland, TX 75040
      View Details
    • $1,999,000
      5,406 SF

      Garland Commercial Property Investment

      High-traffic location, versatile building, great visibility.
      136 Lavon Dr, Garland, TX 75040
      View Details
    • $1,368,000
      2,832 SF

      Take 5 Oil Change Investment

      NNN leased Take 5 Oil Change in Garland, Texas.
      401 N Garland Ave, Garland, TX 75040
      View Details
    • $330,000
      240 SF

      Downtown Garland Car Lot Opportunity

      Car lot with building in high-traffic Garland location for sale.
      508 Avenue D W, Garland, TX 75040
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,912 SF

      Retail Space in Firewheel Market

      Retail space with high visibility and easy access.
      4720 Lavon Dr, Garland, TX 75040
      View Details
    • Contact for pricing
      2,723 SF

      Retail Space in Garland Center

      Retail space available in a Target-anchored shopping center.
      5435 N Garland Ave, Garland, TX 75040
      View Details
    • $1,500 /Mo
      33,890 SF

      Retail Space in Garland, TX

      800 SF retail space in mixed-use shopping center.
      1303 Buckingham Rd, Garland, TX 75040
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space on Belt Line

      High-traffic retail space with prominent signage in Garland, TX.
      1238 Belt Line Rd, Garland, TX 75040
      View Details
    • Contact for pricing
      32,383 SF

      Prime Retail Space in Garland

      High-visibility retail space at a busy Garland intersection.
      1332 Belt Line Rd, Garland, TX 75040
      View Details
    • New
      $3,000 /Mo
      4,617 SF

      Garland Retail Opportunity For Rent

      Commercial retail space for rent in Garland, Texas.
      500 Ford St, Garland, TX 75040
      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.
    120 State St
    Garland, TX 75040-6408
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.