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

    1801 S Carrier Pkwy Grand Prairie, TX 75051

    • Office buildings
    • 5,200 SF
    • 0.53 lot acres
    For Lease
    View listing
    Value Estimations
    $530,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0760097
    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

    • WellMed at Carrier Parkway / Medical Clinic
    • Tairee Ruth Grimes, NP / Physician
    • Sunitha Malla / Pediatrician / Physician
    • Dr. Jayshri Chasmawala / Pediatrician / Physician
    • Grove Susan / Physician

    Property Details for 1801 S Carrier Pkwy

    Year built
    2009
    Construction
    FRAME
    Lot size
    0.53 lot acres
    Property size
    5,200 SF
    Zone code
    Z97
    Property type
    Office buildings
    APN
    28096503790030000
    APU
    28096503790030000

    Description

    This exceptional 4,000 square foot retail space, located at 1801 S Carrier Pkwy in Grand Prairie, Texas, presents a unique investment opportunity. Situated on a highly visible corner lot at a lighted intersection, this single-tenant property boasts unparalleled accessibility and strong visibility for potential businesses. The building is currently vacant, offering a blank canvas for a new tenant to customize the space to their specific needs. The property's location within Dallas County, zip code 75051, places it within a densely populated area, boasting over 114,000 residents within a three-mile radius, ensuring a substantial customer base. This translates to significant potential for high foot traffic and strong revenue generation. The property is classified as retail commercial space and is ideal for a variety of businesses seeking a prominent location in a thriving community. The building's 4,000 square feet provides ample space for a wide range of retail operations. This turnkey opportunity offers immediate occupancy and the chance to establish a successful business in a prime location. The property's strategic placement and substantial surrounding population make it an attractive proposition for discerning investors and entrepreneurs alike. Don't miss this chance to acquire a high-impact retail space in a rapidly growing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $445,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $618,000
      Market price range: $231k - $654k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $450,000
      Current use
      COMMERCIAL (GENERAL)
      $695,000
      Change: +56% Conversion: Easy
      RESTAURANT
      $670,000
      Change: +49% Conversion: Moderate
      RETAIL STORES
      $495,000
      Change: +10% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $485,000
      Change: +8% Conversion: Difficult
      MEDICAL BUILDING
      $455,000
      Change: +2% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Prairie
    County
    Dallas
    State
    Texas
    Longitude
    -97.0145
    Latitude
    32.7201
    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
    $22,488
    $115,430
    $862,170
    $977,600
    -
    $115,430
    $862,170
    $977,600

    Comparable in this City

    • Value Estimation
      $3,495,000
      102,853 SF

      801 State Hwy 161

      OFFICE BUILDING • 102,853 SF
      801 State Hwy 161, Grand Prairie, TX 75051-1456
      View Details
    • Value Estimation by Request
      3,960 SF

      836 Carrier Pkwy

      OFFICE BUILDING • 3,960 SF
      836 Carrier Pkwy, Grand Prairie, TX 75051-1517
      View Details
    • Value Estimation by Request
      1,700 SF

      205 16th St

      OFFICE BUILDING • 1,700 SF
      205 16th St, Grand Prairie, TX 75051
      View Details
    • Value Estimation by Request
      1,540 SF

      214 4th St

      OFFICE BUILDING • 1,540 SF
      214 4th St, Grand Prairie, TX 75051-1711
      View Details
    • Value Estimation by Request
      4,383 SF

      625 Dickey Rd

      OFFICE BUILDING • 4,383 SF
      625 Dickey Rd, Grand Prairie, TX 75051-3129
      View Details
    • Value Estimation by Request
      3,046 SF

      1802 Belt Line Rd, Unit I

      OFFICE BUILDING • 3,046 SF
      1802 Belt Line Rd, Grand Prairie, TX 75051-4141
      View Details

    Similar Nearby for Sale

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      Grand Prairie Retail Opportunity

      Two adjacent properties suitable for offices, retail, or mixed-use.
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    • Contact for pricing

      Grand Prairie Mixed-Use Development Land

      Land available in Grand Prairie Entertainment & Retail District.
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    • $1,799,000
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      Grand Prairie Retail/Restaurant Opportunity

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    Similar Nearby for Lease

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      Grand Prairie Office Space Available

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      Shared Medical Office Space Available

      Shared medical office space for rent in Grand Prairie, TX.
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    Grand Prairie, TX 75051
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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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