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

    2015 Forum Dr Grand Prairie, TX 75052

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0434472
    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

    • TOJ Tiny Home Project / Home Builder / Service Establishment
    • Sky Blue Energy - Solar Installers / Solar Energy Company / Solar Energy System Service
    • Luxia Grand Prairie Apartments / Apartment Complex

    Property Details for 2015 Forum Dr

    Property type
    Commercial real estate

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Prairie
    County
    Dallas
    State
    Texas
    Longitude
    -97.027423435374
    Latitude
    32.681626066873

    Comparable in this City

    • Contact for pricing
      17.00 Acres

      Grand Prairie Commercial Land - 17 Acres

      Prime 17-acre commercial tract, I-20 & Belt Line.
      1700 Ih‐20, Grand Prairie, TX 75052
      View Details
    • New
      Contact for pricing
      0.03 Acres

      Land Parcel in Grand Prairie

      Unimproved land parcel near shopping and amenities in Grand Prairie.
      24 Medford Rd, Grand Prairie, TX 75052
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    • Contact for pricing
      1.88 Acres

      Grand Prairie Commercial Land Plot

      1.88 Acres, Prime Location, Texas
      0 Great Southwest Pkwy, Grand Prairie, TX 75052
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    • New
      Contact for pricing
      0.03 Acres

      Land Parcel in Grand Prairie

      Land parcel near shopping with commercial potential in Grand Prairie.
      23 Medford Rd, Grand Prairie, TX 75052
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    • $4,772,651

      Grand Prairie Land for Sale

      6.445 acres with frontage on I-20 and Sara Jane Pkwy.
      2730 W Interstate 20, Grand Prairie, TX 75052
      View Details
    • $2,100,000
      5.96 Acres

      Versatile Land with Development Potential

      5.9-acre estate in Grand Prairie with existing infrastructure.
      1009 W Interstate 20, Grand Prairie, TX 75052
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17.00 Acres

      Grand Prairie Commercial Land - 17 Acres

      Prime 17-acre commercial tract, I-20 & Belt Line.
      1700 Ih‐20, Grand Prairie, TX 75052
      View Details
    • New
      Contact for pricing
      0.03 Acres

      Land Parcel in Grand Prairie

      Unimproved land parcel near shopping and amenities in Grand Prairie.
      24 Medford Rd, Grand Prairie, TX 75052
      View Details
    • Contact for pricing
      1.88 Acres

      Grand Prairie Commercial Land Plot

      1.88 Acres, Prime Location, Texas
      0 Great Southwest Pkwy, Grand Prairie, TX 75052
      View Details
    • New
      Contact for pricing
      0.03 Acres

      Land Parcel in Grand Prairie

      Land parcel near shopping with commercial potential in Grand Prairie.
      23 Medford Rd, Grand Prairie, TX 75052
      View Details
    • $4,772,651

      Grand Prairie Land for Sale

      6.445 acres with frontage on I-20 and Sara Jane Pkwy.
      2730 W Interstate 20, Grand Prairie, TX 75052
      View Details
    • $2,100,000
      5.96 Acres

      Versatile Land with Development Potential

      5.9-acre estate in Grand Prairie with existing infrastructure.
      1009 W Interstate 20, Grand Prairie, TX 75052
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Grand Prairie Land for Lease

      Land with frontage on Camp Wisdom and Lake Ridge Pkwy.
      2380 West Camp Wisdom Rd, Grand Prairie, TX 75052
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    • Contact for pricing
      740,520 SF

      Prime I-20 & Beltline Land

      17 Acres, High Visibility, Commercial Pads
      1700 I-20, Grand Prairie, TX 75052
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    • Contact for pricing
      6,000 SF

      Grand Prairie Retail Space - Walmart Area

      High-traffic retail space, 6,000 sq ft available.
      2650 State Highway 161, Grand Prairie, TX 75052
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      Commercial Land at Lake Prairie

      Corner lot with highway frontage in retail activity center.
      5296 S State Highway 360, Grand Prairie, TX 75052
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      246,440 SF

      Lake Prairie Towne Crossing Retail

      Grand Prairie retail center, multiple spaces available.
      0 Camp Wisdom Rd, Grand Prairie, TX 75052
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    • Contact for pricing

      Retail Outlot in High-Traffic Area

      Outlot for sale or lease in busy Dallas-Fort Worth retail area.
      3865 S Carrier Pkwy, Grand Prairie, TX 75052
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    2015 Forum Dr
    Grand Prairie, TX 75052
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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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