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

    1204 Ave T T Grand Prairie, TX 75050-1209

    • Warehouses
    • 40,556 SF
    • 2.43 lot acres
    OFF-MARKET
    Value Estimations
    $1,055,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6287338
    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

    • Warehouses

    Property Details for 1204 Ave T T

    Year built
    1997
    Lot size
    2.43 lot acres
    Property size
    40,556 SF
    Property type
    Warehouses
    APN
    48527-6-2R
    APU
    4852762R

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $885,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,222,000
      Market price range: $361k - $1.87M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,160,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Prairie
    County
    Tarrant
    State
    Texas
    Longitude
    -97.0449
    Latitude
    32.7897
    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
    $55,402
    $370,752
    $2,387,056
    $2,757,808
    -
    $370,752
    $2,387,056
    $2,757,808

    Comparable in this City

    • Value Estimation by Request
      0.15 Acres

      2462 Dallas St

      WAREHOUSE, STORAGE • 0.15 Acres
      2462 Dallas St, Grand Prairie, TX 75050-4973
      View Details
    • Value Estimation by Request
      0.21 Acres

      2430 Ft Worth St

      WAREHOUSE, STORAGE • 0.21 Acres
      2430 Ft Worth St, Grand Prairie, TX 75050-4914
      View Details
    • Value Estimation
      $1,135,000
      35,000 SF

      1121 Ave J J

      WAREHOUSE, STORAGE • 35,000 SF
      1121 Ave J J, Grand Prairie, TX 75050-2625
      View Details
    • Value Estimation
      $900,000
      44,280 SF

      1129 Ave R R

      WAREHOUSE, STORAGE • 44,280 SF
      1129 Ave R R, Grand Prairie, TX 75050-1520
      View Details
    • Value Estimation
      $1,530,000
      100,000 SF

      1421 Ave R R

      WAREHOUSE, STORAGE • 100,000 SF
      1421 Ave R R, Grand Prairie, TX 75050-1606
      View Details
    • Value Estimation by Request
      729 SF

      2702 Ave K K

      WAREHOUSE, STORAGE • 729 SF
      2702 Ave K K, Grand Prairie, TX 75050
      View Details

    Similar Nearby for Sale

    • $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
    • $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
    • $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
    • 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
    • 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
    • $100,000
      0.19 Acres

      Grand Prairie Unimproved Land For Sale

      Three vacant lots for sale in Grand Prairie, Texas.
      1218 W Church St, Grand Prairie, TX 75050
      View Details

    Similar Nearby for Lease

    • 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
      25,798 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
      35,000 SF

      Grand Prairie Warehouse Space

      35,000 sq ft warehouse space available for lease.
      923 Avenue J, Grand Prairie, TX 75050
      View Details
    • Contact for pricing
      100,750 SF

      Grand Prairie Warehouse Space Available

      100,750 sq ft warehouse space for lease.
      2302 E Pacific St, Grand Prairie, TX 75050
      View Details
    • Contact for pricing
      2,008 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
      138,878 SF

      Industrial Space with Fenced Parking

      Industrial property featuring office space, HVAC, and fenced parking.
      802-854 Avenue, 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.
    1204 Ave T T
    Grand Prairie, TX 75050-1209
    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.