Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1518 Buckingham Rd Garland, TX 75042-4203
    Back to Search
    Property profile & analytics

    1518 Buckingham Rd, Garland, TX 75042-4203

    View on Map
    • Grocery and convenience stores
    • 20,826 SF
    • 2.33 lot acres
    Off-Market
    Property ID
    US82-1831635
    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
    $1,355,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ALDI / Specialty Food Shop / Supermarket
    • Gym2Go / Big Box & Wholesale Store

    Property Details for 1518 Buckingham Rd

    Year built
    1972
    Construction
    TILT-UP CONCRETE
    Lot size
    2.33 lot acres
    Zone code
    Z263
    Property type
    Grocery and convenience stores
    APN
    26245500080430200
    APU
    26245500080430200

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 6, 2009 $450,000 Southwest Securities Fsb Stach Marc A Trustees Deed · related —
    Aug 3, 2007 — Nathan-alison LLC Nathan-alison Trust Quit Claim Deed —
    Nov 16, 2006 — Sunwest Nop INC — Deed Of Trust · related $2M · Southwest Securities Bank
    Jul 22, 2005 — Sunwest Nop INC — Deed Of Trust · related $2.5M · Southwest Securities Bank
    — — Sunwest Nop INC — Deed Of Trust · related $500k · Southwest Securities Bank
    — — Central Loan Assets Mockingbir — Deed Of Trust · related $864k · Southwest Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $890,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,817,000
      Market price range: $889k - $2.70M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,035,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.6507
    Latitude
    32.9301
    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
    $57,829
    $507,470
    $2,019,830
    $2,527,300
    -
    $507,470
    $2,019,830
    $2,527,300

    Comparable in this City

    • Value Estimation by Request
      3,024 SF

      1931 Jupiter Rd

      CONVENIENCE STORE
      1931 Jupiter Rd, Garland, TX 75042-4745
      View Details
    • Value Estimation by Request
      3,200 SF

      2434 Buckingham Rd

      CONVENIENCE STORE
      2434 Buckingham Rd, Garland, TX 75042-4968
      View Details
    • Value Estimation by Request
      1,750 SF

      1921 Plano Rd

      CONVENIENCE STORE
      1921 Plano Rd, Garland, TX 75042-4566
      View Details
    • Value Estimation by Request
      2,240 SF

      1702 Frst Ln

      CONVENIENCE STORE
      1702 Frst Ln, Garland, TX 75042-7909
      View Details
    • Value Estimation
      $3,265,000
      62,994 SF

      1406 Walnut St

      GROCERY, SUPERMARKET
      1406 Walnut St, Garland, TX 75042-5841
      View Details
    • Value Estimation by Request
      2,600 SF

      2430 Walnut St

      CONVENIENCE STORE
      2430 Walnut St, Garland, TX 75042-6623
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,632 SF

      Retail Space Near Grocery Stores

      Retail property in high-traffic area near major grocery stores.
      3310 W Walnut St, Garland, TX 75042
      View Details
    • Contact for pricing
      6,804 SF

      Garland Development Opportunity

      Prime land in Garland's growing mixed-use district.
      1418 Avenue B, Garland, TX 75042
      View Details
    • $198,000
      660 SF

      Garland Retail Space - Great Potential

      Prime Garland location, high-traffic area, 660 sq ft.
      108 Grant St, Garland, TX 75042
      View Details
    • Contact for pricing
      13,858 SF

      Net Leased Biomat USA Property

      Single tenant Biomat USA property in Garland, Texas for sale.
      1841 N Jupiter Rd, Garland, TX 75042
      View Details
    • Contact for pricing
      20,902 SF

      Multi-Tenant Industrial Value Add Property

      Multi-tenant industrial property with below market rents in Garland, TX.
      325 Gold St, Garland, TX 75042
      View Details
    • New
      $559,000
      0.21 Acres

      Renovated Full Duplex Opportunity

      A turn-key full duplex with recent upgrades and one unit currently rented through January 2027.
      105 Garfield St, Garland, TX 75042
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Retail Space in Northstar Plaza

      Retail space available in a high-visibility Garland shopping center.
      1418-1494 W Buckingham Rd, Garland, TX 75042
      View Details
    • Contact for pricing
      10,530 SF

      Event Center in Garland, TX

      Versatile event center in Garland, TX, for various gatherings.
      2210 W Buckingham Rd, Garland, TX 75042
      View Details
    • Contact for pricing
      1,440 SF

      Retail Space in Walnut Plaza

      Retail space available in a neighborhood retail center.
      3319 W Walnut St, Garland, TX 75042
      View Details
    • Contact for pricing
      107,400 SF

      Garland Retail Space For Lease

      Retail space in Garland Town Center, high-traffic location.
      1406 W Walnut St, Garland, TX 75042
      View Details
    • Contact for pricing

      Bank Space with Drive-Thru

      Bank space featuring a vault and drive-thru lanes.
      622 Clara Barton Blvd, Garland, TX 75042
      View Details
    • Contact for pricing
      92,569 SF

      Retail Spaces Available For Rent

      Retail spaces for lease in Garland, Texas.
      1413 W Buckingham Rd, Garland, TX 75042
      View Details

    Property Visit Statistics

    • Visits by month
      24.6k
    • Visitors by month
      16.2k
    • Avg Time on site
      19 min
    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.
    1518 Buckingham Rd
    Garland, TX 75042-4203
    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

    Thank You for Inquiry
    1518 Buckingham Rd, Garland, TX, 75042
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!