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    1905 Garland Ave Garland, TX 75040-7640
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    Property profile & analytics

    1905 Garland Ave, Garland, TX 75040-7640

    View on Map
    • Drive through restaurants
    • 3,329 SF
    • 0.85 lot acres
    Off-Market
    Property ID
    US82-9466957
    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
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Walmart Deli / Food Market / Restaurant
    • garlandwaterheater / HVAC Service / General Contractor
    • Wendy's / Restaurant / Take-out & Catering
    • Garland TX Water Heater / HVAC Service / General Contractor

    Property Details for 1905 Garland Ave

    Year built
    2015
    Construction
    FRAME
    Lot size
    0.85 lot acres
    Zone code
    Z263
    Property type
    Drive through restaurants
    APN
    26678570010020000
    APU
    26678570010020000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $485,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $531,000
      Market price range: $261k - $531k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $410,000
      Current use
      COMMERCIAL (GENERAL)
      $780,000
      Change: +90% Conversion: Easy
      AUTO REPAIR, GARAGE
      $415,000
      Change: +2% Conversion: Difficult
      OFFICE BUILDING
      $375,000
      Change: -8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.6494
    Latitude
    32.8953
    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
    $30,310
    $296,560
    $1,028,050
    $1,324,610
    -
    $296,560
    $1,028,050
    $1,324,610

    Comparable in this City

    • Value Estimation by Request
      2,155 SF

      4950 Garland Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      4950 Garland Ave, Garland, TX 75040-2707
      View Details
    • Value Estimation by Request
      2,871 SF

      3232 Lavon Dr

      DRIVE-THRU RESTAURANT, FAST FOOD
      3232 Lavon Dr, Garland, TX 75040-2908
      View Details
    • Value Estimation by Request
      2,501 SF

      1936 1st St

      DRIVE-THRU RESTAURANT, FAST FOOD
      1936 1st St, Garland, TX 75040-8409
      View Details
    • Value Estimation by Request
      2,000 SF

      1926 1st St

      DRIVE-THRU RESTAURANT, FAST FOOD
      1926 1st St, Garland, TX 75040-8409
      View Details
    • Value Estimation by Request
      2,354 SF

      313 Castle Dr

      DRIVE-THRU RESTAURANT, FAST FOOD
      313 Castle Dr, Garland, TX 75040-5113
      View Details
    • Value Estimation by Request
      1,368 SF

      5020 Garland Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      5020 Garland Ave, Garland, TX 75040-2709
      View Details

    Similar Nearby for Sale

    • $999,900
      0.52 Acres

      Garland Retail with Drive-Through Potential

      Commercial building suitable for retail or quick-service uses.
      313 Castle Dr, Garland, TX 75040
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    • Contact for pricing

      Turn-Key Restaurant with Drive-Through

      Established fast-food restaurant with loyal customer base and recent renovations.
      313 Castle Dr, Garland, TX 75040
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      5,071 SF

      Firewheel Town Center Restaurant Opportunity

      Former restaurant space in a regional shopping mall for sale.
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    • New
      $2,400,000
      3,401 SF

      Multi-Use Commercial Property For Sale

      High-visibility corner lot with multiple income streams in Garland, TX.
      2002 Highway 66, Garland, TX 75040
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      4,082 SF

      Highway 66 Multi-Use Commercial Property

      High-traffic corner property with gas station, retail, restaurant, and carwash.
      2002 Highway 66, Garland, TX 75040
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    • $500,000
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      Garland Retail Development Opportunity

      Two commercial lots for development or redevelopment in prime location.
      500 Ford St, Garland, TX 75040
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    Similar Nearby for Lease

    • $6,000 /Mo
      22,521 SF

      Garland Retail Space with Drive-Through

      Commercial building suitable for retail or quick-service uses.
      313 Castle Dr, Garland, TX 75040
      View Details
    • Contact for pricing
      4,980 SF

      Retail Space in Firewheel Town

      Retail space available in Firewheel Town Center retail corridor.
      3160-3178 Lavon Dr, Garland, TX 75040
      View Details
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      Retail Space For Rent

      Retail space available in well-maintained building with high visibility.
      1918 S 1St St, Garland, TX 75040
      View Details
    • $3,000 /Mo
      4,617 SF

      Garland Retail Opportunity For Rent

      Commercial retail space for rent in Garland, Texas.
      500 Ford St, Garland, TX 75040
      View Details
    • Contact for pricing
      75,811 SF

      Retail Space in Garland, Texas

      Retail spaces available in Garland, Texas.
      5435 N Garland Ave, Garland, TX 75040
      View Details
    • Contact for pricing
      32,383 SF

      Prime Retail Space in Garland

      High-visibility retail space at a busy Garland intersection.
      1332 Belt Line Rd, Garland, TX 75040
      View Details

    Property Visit Statistics

    • Visits by month
      13.9k
    • Visitors by month
      9.1k
    • Avg Time on site
      12 min
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    Garland, TX 75040-7640
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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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