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    Property profile & analytics

    1841 Jupiter Rd Garland, TX 75042

    • Showrooms
    • 13,858 SF
    • 2.22 lot acres
    For Sale
    View listing
    $3,758,800
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1087061
    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

    • Grifols Biomat USA - Plasma Donation Center / Medical Clinic

    Property Details for 1841 Jupiter Rd

    Year built
    1987
    Construction
    TILT-UP CONCRETE
    Lot size
    2.22 lot acres
    Property size
    13,858 SF
    Property type
    Showrooms
    APN
    26054550010030000
    APU
    26054550010030000

    Description

    This exceptional investment opportunity presents a single-tenant, net-leased (NNN) office and retail property occupied by Biomat USA, a subsidiary of the global healthcare giant Grifols. Located in Garland, Texas, within the Dallas MSA, this 13,858-square-foot building sits on a 2.22-acre lot and boasts a strong 8.00% cap rate based on a Net Operating Income (NOI) of $300,704. The current lease, commencing September 1, 2017, and expiring August 31, 2027, offers a remaining term of approximately 2.8 years, with attractive 3% annual rent bumps. Three five-year renewal options further enhance the long-term value. The property benefits from its prime location near the intersection of North Jupiter Road and Buckingham Road, experiencing combined daily traffic exceeding 65,900 vehicles. This high-traffic area is anchored by numerous national retailers, including The Home Depot, Albertsons, Walgreens, Starbucks, Wells Fargo, Chase Bank, The UPS Store, and Medical City ER Garland. The property's proximity to LV Berkner High School STEM Academy (serving 2,700 students) adds to its appeal. The surrounding area demonstrates strong demographics, with over 382,500 residents within a five-mile radius and an average household income exceeding $107,000. The tenant's strong financial backing and the property's location in a tax-free state contribute to its exceptional investment potential. The asking price is $3,758,800.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $585,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,107,000
      Market price range: $446k - $1.11M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $685,000
      Current use
      RETAIL STORES
      $1,355,000
      Change: +98% Conversion: Easy
      OFFICE BUILDING
      $930,000
      Change: +36% Conversion: Easy
      MEDICAL BUILDING
      $905,000
      Change: +32% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $700,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.684
    Latitude
    32.9297
    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
    $43,278
    $579,700
    $1,240,160
    $1,819,860
    -
    $579,700
    $1,240,160
    $1,819,860

    Comparable in this City

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      29,001 SF

      201 Gold St

      SHOW ROOM, WAREHOUSE • 29,001 SF
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      View Details
    • Value Estimation by Request
      4,275 SF

      3525 Security St

      SHOW ROOM, WAREHOUSE • 4,275 SF
      3525 Security St, Garland, TX 75042-7627
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    • Value Estimation by Request
      9,920 SF

      3625 Dividend Dr

      SHOW ROOM, WAREHOUSE • 9,920 SF
      3625 Dividend Dr, Garland, TX 75042-7609
      View Details
    • Value Estimation
      $825,000
      26,640 SF

      4213 Frst Ln

      SHOW ROOM, WAREHOUSE • 26,640 SF
      4213 Frst Ln, Garland, TX 75042-6820
      View Details
    • Value Estimation
      $830,000
      23,500 SF

      3939 Frst Ln

      SHOW ROOM, WAREHOUSE • 23,500 SF
      3939 Frst Ln, Garland, TX 75042-6948
      View Details
    • Value Estimation by Request
      8,336 SF

      538 Frst Ctr Plz

      SHOW ROOM, WAREHOUSE • 8,336 SF
      538 Frst Ctr Plz, Garland, TX 75042-6900
      View Details

    Similar Nearby for Sale

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      6,632 SF

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      Retail property in high-traffic area near major grocery stores.
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      Garland Retail Space - Great Potential

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    • $3,758,800
      13,858 SF

      Garland, TX Net Lease Office

      Biomat USA NNN Lease, High Traffic Area
      1841 Jupiter Rd, Garland, TX 75042
      View Details
    • Contact for pricing
      7,956 SF

      Garland Specialty Property For Sale

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    Similar Nearby for Lease

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      1,500 SF

      Retail Space in High-Traffic Area

      Retail space available in a densely populated, high-traffic location.
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      5,200 SF

      Garland Office Building For Lease

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    • $18 SF/Yr
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      Versatile event center in Garland, TX, for various gatherings.
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    • Contact for pricing
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      Retail Space in Northstar Plaza

      Retail space available in a high-visibility Garland shopping center.
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      View Details
    • Contact for pricing
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      Retail space available in a high-visibility shopping center.
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      View Details
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    1841 Jupiter Rd
    Garland, TX 75042
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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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