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

    1542 State Hwy 360 Grand Prairie, TX 75050-2434

    • Hotels
    • 84,107 SF
    • 2.56 lot acres
    OFF-MARKET
    Last Sale
    Oct 06, 2020
    Value Estimations
    $2,100,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0270956
    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

    • Hotels

    Property Details for 1542 State Hwy 360

    Year built
    1998
    Lot size
    2.56 lot acres
    Property size
    84,107 SF
    Property type
    Hotels
    APN
    40720H--2
    APU
    40720H2

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $2,695,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Prairie
    County
    Tarrant
    State
    Texas
    Longitude
    -97.0606
    Latitude
    32.772
    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
    $261,829
    $557,010
    $7,442,990
    $8,000,000
    -
    $557,010
    $7,442,990
    $8,000,000

    Comparable in this City

    • Value Estimation
      $1,040,000
      57,069 SF

      2050 State Hwy 360

      HOTEL • 57,069 SF
      2050 State Hwy 360, Grand Prairie, TX 75050-1423
      View Details
    • Value Estimation
      $1,270,000
      40,764 SF

      1520 State Hwy 360

      HOTEL • 40,764 SF
      1520 State Hwy 360, Grand Prairie, TX 75050-2434
      View Details
    • Value Estimation by Request
      0.20 Acres

      1617 State Hwy 360

      HOTEL/MOTEL • 0.20 Acres
      1617 State Hwy 360, Grand Prairie, TX 75050-2437
      View Details
    • Value Estimation
      $2,855,000
      105,471 SF

      2770 State Hwy 360

      HOTEL/MOTEL • 105,471 SF
      2770 State Hwy 360, Grand Prairie, TX 75050-6409
      View Details
    • Value Estimation
      $3,475,000
      175,605 SF

      1050 State Hwy 360

      HOTEL/MOTEL • 175,605 SF
      1050 State Hwy 360, Grand Prairie, TX 75050-2555
      View Details
    • Value Estimation
      $1,680,000
      57,128 SF

      702 Paddock Way

      HOTEL • 57,128 SF
      702 Paddock Way, Grand Prairie, TX 75050-1022
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,050 SF

      Grand Prairie Distribution Center

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      Grand Prairie Industrial Land

      20.5 Acres, Light Industrial Zoning
      2701 Hunter Ferrell Rd, Grand Prairie, TX 75050
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    • $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
    • $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
    • $220,000
      0.46 Acres

      Grand Prairie Commercial Land Available

      Unimproved commercial lot in high-traffic area near Hwy 161.
      505 N Carrier Pkwy, Grand Prairie, TX 75050
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    • $4,000,000
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      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

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      2,808 SF

      Grand Prairie Retail Space for Lease

      Prime Main St location, 2808 sq ft, 58 parking spaces
      925 Main St, Grand Prairie, TX 75050
      View Details
    • $23 SF/Yr
      119,424 SF

      Grand Prairie Office Tower

      Class A Office Space, 119,424 SF
      2505 Service Rd, Grand Prairie, TX 75050
      View Details
    • $11 SF/Yr
      5,186 SF

      Office/Flex Space in Grand Prairie

      High-visibility office/flex space in the Great Southwest Industrial Park.
      1205 W Carrier Pkwy, Grand Prairie, TX 75050
      View Details
    • Contact for pricing
      20,000 SF

      Grand Prairie Industrial Space Available

      Industrial property available for rent in Grand Prairie, Texas.
      901-941 Avenue N, Grand Prairie, TX 75050
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space with Freeway Visibility

      Retail space available with freeway visibility and pylon signage.
      1006 N Carrier Pkwy, Grand Prairie, TX 75050
      View Details
    • Contact for pricing
      35,954 SF

      Grand Prairie Warehouse with Outdoor Storage

      39,400 SF warehouse with ample parking and outdoor storage.
      902-935 Avenue R, Grand Prairie, TX 75050
      View Details

    Property Visit Statistics

    • Visits by month
      1.3k
    • Visitors by month
      319
    • Avg Time on site
      16 min
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    1542 State Hwy 360
    Grand Prairie, TX 75050-2434
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    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
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