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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    123 Main St Grand Prairie, TX 75050-5653

    • Office buildings
    • 19,020 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimations
    $2,240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0759974
    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

    • Skinner Michael L / Attorney
    • My New Biz / Hotel
    • 123 W Main St, Grand Prairie, TX 75050 / Blueprint Service
    • Allegiance Title Company - Grand Prairie / Title Company / Real Estate Attorney
    • The Law Office Of Randall Scott / Attorney / Criminal Justice Attorney

    Property Details for 123 Main St

    Year built
    2000
    Construction
    TILT-UP CONCRETE
    Lot size
    0.33 lot acres
    Property size
    19,020 SF
    Zone code
    Z20
    Property type
    Office buildings
    APN
    280005000209R0000
    APU
    280005000209R0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,289,000
      Market price range: $701k - $3.46M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,255,000
      Current use
      COMMERCIAL (GENERAL)
      $3,005,000
      Change: +33% Conversion: Easy
      RESTAURANT
      $2,575,000
      Change: +14% Conversion: Moderate
      RETAIL STORES
      $2,355,000
      Change: +4% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,090,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Prairie
    County
    Dallas
    State
    Texas
    Longitude
    -97.0045
    Latitude
    32.7452
    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
    $42,095
    $93,440
    $1,736,560
    $1,830,000
    -
    $93,440
    $1,736,560
    $1,830,000

    Comparable in this City

    • Value Estimation by Request
      920 SF

      104 17th St

      OFFICE BUILDING • 920 SF
      104 17th St, Grand Prairie, TX 75050-5251
      View Details
    • Value Estimation by Request
      1,392 SF

      121 2nd St

      OFFICE BUILDING • 1,392 SF
      121 2nd St, Grand Prairie, TX 75050
      View Details
    • Value Estimation
      $1,650,000
      14,400 SF

      1168 113th St

      OFFICE BUILDING • 14,400 SF
      1168 113th St, Grand Prairie, TX 75050-2609
      View Details
    • Value Estimation
      $1,255,000
      26,133 SF

      802 Greenview Dr

      OFFICE BUILDING • 26,133 SF
      802 Greenview Dr, Grand Prairie, TX 75050-2438
      View Details
    • Value Estimation by Request
      3,840 SF

      1606 109th St

      OFFICE BUILDING • 3,840 SF
      1606 109th St, Grand Prairie, TX 75050-1934
      View Details
    • Value Estimation
      $630,000
      4,500 SF

      105 8th St

      OFFICE BUILDING • 4,500 SF
      105 8th St, Grand Prairie, TX 75050-5507
      View Details

    Similar Nearby for Sale

    • $1,700,000
      14,493 SF

      Grand Prairie Office Investment Opportunity

      High-occupancy office building with strong cash flow potential.
      200 North Carrier Pkwy, Grand Prairie, TX 75050
      View Details
    • $1,700,000
      14,493 SF

      Grand Prairie Office Building For Sale

      14,493 SF office building with high occupancy and visibility.
      200 N Carrier Pkwy, Grand Prairie, TX 75050
      View Details
    • $420,000
      0.27 Acres

      Grand Prairie Office Building For Sale

      Single-tenant office building suitable for medical or general office use.
      135 14Th St, Grand Prairie, TX 75050
      View Details
    • $985,000
      0.55 Acres

      Grand Prairie Office Building For Sale

      Well-located, cash-flowing office building in the heart of Grand Prairie.
      726 Dalworth St, Grand Prairie, TX 75050
      View Details
    • $1,750,000
      6,516 SF

      Grand Prairie Multi-Tenant Property

      Downtown Grand Prairie retail/office complex. Five tenants, high potential.
      315 Main 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

    Similar Nearby for Lease

    • $2,846 /Mo
      11,848 SF

      Grand Prairie Office Building Available

      Single-tenant office building for sale or lease in Grand Prairie.
      135 14Th St, Grand Prairie, TX 75050
      View Details
    • $20 SF/Yr
      38,333 SF

      Renovated Office Building in Grand Prairie

      Fully renovated office building in Grand Prairie's Downtown Redevelopment District.
      308 Dolores Huerta Dr, 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
    • $12 SF/Yr
      19,612 SF

      Grand Prairie Office Space for Lease

      Prime Office End Cap, 2,142 SF Available
      721 Tarrant Rd, Grand Prairie, TX 75050
      View Details
    • Contact for pricing
      15,132 SF

      Office Space Available For Rent

      Office space available for lease in Grand Prairie, Texas.
      1175 Post & Paddock Rd, Grand Prairie, TX 75050
      View Details
    • $3,100 /Mo
      24,002 SF

      Grand Prairie Office Suite For Lease

      Refined office suite with reception, offices, and conference room.
      726 Dalworth 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.
    123 Main St
    Grand Prairie, TX 75050-5653
    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.