Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2304 Oak Ln Grand Prairie, TX 75051-8812
    Back to Search
    Property profile & analytics

    2304 Oak Ln, Grand Prairie, TX 75051-8812

    View on Map
    • Office buildings
    • 177,760 SF
    • 7.72 lot acres
    Off-Market
    Last Sale Mar 21, 2024
    Property ID
    US82-3651474
    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
    $4,525,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bella Studio by Yeimy / Spa & Massage Center / Skin Care Clinic
    • Dom Mitchell Esthetics / Medical Clinic / Skin Care Clinic
    • Carols hair studio / Hair Salon
    • RCA Plumbing LLC / Plumbing Service / General Contractor
    • FloFlourish / Clothing Store

    Property Details for 2304 Oak Ln

    Year built
    1978
    Construction
    TILT-UP CONCRETE
    Lot size
    7.72 lot acres
    Zone code
    Z236
    Property type
    Office buildings
    APN
    65151904010110000
    APU
    65151904010110000

    Description

    This exceptional Grand Prairie, Texas office portfolio presents a compelling value-add investment opportunity. Comprising four two-story buildings totaling 177,761 square feet, this Class C property boasts a strong 9.37% cap rate and a net operating income (NOI) of $777,887, with an asking price of $8,300,000. Strategically located in Dallas County at 2304 Oak Ln, Grand Prairie, TX 75051, the property benefits from excellent visibility and accessibility, situated in a vibrant economic district. Its proximity to major highways, including I-20, ensures seamless commuting. The portfolio is approximately 15 minutes from AT&T Stadium, offering convenient access to a major entertainment venue and further enhancing its location appeal. The contemporary exterior and functional interior design make it suitable for a variety of businesses. This investment presents a strong potential for future appreciation within Dallas's thriving real estate market, making it an attractive opportunity for investors seeking a value-add project with significant upside potential in a prime location. The property's below-market price per square foot further enhances its investment appeal. This is a rare chance to acquire a substantial office portfolio in a high-growth area with excellent potential for long-term returns.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Prairie
    County
    Dallas
    State
    Texas
    Longitude
    -97.0038
    Latitude
    32.711
    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
    $103,513
    $336,370
    $4,163,630
    $4,500,000
    -
    $336,370
    $4,163,630
    $4,500,000

    Comparable in this City

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

      801 State Hwy 161

      OFFICE BUILDING
      801 State Hwy 161, Grand Prairie, TX 75051-1456
      View Details
    • Value Estimation
      $530,000
      5,200 SF

      1801 Carrier Pkwy

      OFFICE BUILDING
      1801 Carrier Pkwy, Grand Prairie, TX 75051-3702
      View Details
    • Value Estimation by Request
      3,960 SF

      836 Carrier Pkwy

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

      205 16th St

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

      214 4th St

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

      625 Dickey Rd

      OFFICE BUILDING
      625 Dickey Rd, Grand Prairie, TX 75051-3129
      View Details

    Similar Nearby for Sale

    • $2,100,000
      28,316 SF

      Grand Prairie Commercial Space Available

      Commercial space suitable for office, church, or school use.
      2217 West Jefferson St, Grand Prairie, TX 75051
      View Details
    • Contact for pricing
      2,381 SF

      Grand Prairie Office Space Available

      Office space for rent, ideal for office building investor.
      643 S Great Southwest Pkwy, Grand Prairie, TX 75051
      View Details
    • Contact for pricing
      6,066 SF

      Grand Prairie Commercial Building For Sale

      6,066 SF building in Grand Prairie, TX for sale.
      643 S Great Pkwy SW, Grand Prairie, TX 75051
      View Details
    • Contact for pricing
      11,120 SF

      Grand Prairie Commercial Investment Opportunity

      Two adjacent properties suitable for various commercial uses.
      301 SE 14Th St, Grand Prairie, TX 75051
      View Details
    • New
      $1,499,000
      0.41 Acres

      Remodeled Restaurant Bar Night Club

      Turnkey remodeled venue with approved occupancy for 72 and newly paved, striped parking—ready for a new hospitality concept.
      2601 W Jefferson St, Grand Prairie, TX 75051
      View Details
    • Contact for pricing

      Savannah Square Multifamily Investment Opportunity

      56-unit apartment community in Grand Prairie, Texas.
      309 SW 5Th St, Grand Prairie, TX 75051
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Medical/Office Space Available

      Multi-tenant retail, medical, or office space for lease.
      210-212 SW 2Nd St W Jefferson, Grand Prairie, TX 75051
      View Details
    • $2,500 /Mo
      27,007 SF

      Ready-to-Occupy Shared Medical Office

      Newly renovated shared medical space with exam rooms, X-ray room, and shared ADA restrooms for select specialties.
      1004 S Carrier Pkwy, Grand Prairie, TX 75051
      View Details
    • $3,500 /Mo
      109,967 SF

      Medical Office in Grand Prairie

      Functional medical office space with exam rooms and reception area.
      2771 Sherman St, Grand Prairie, TX 75051
      View Details
    • Contact for pricing
      970 SF

      Grand Prairie Office Space Available

      Office space for lease in a central Metroplex location.
      2100 Virginia Dr, Grand Prairie, TX 75051
      View Details
    • Contact for pricing
      2,847 SF

      Grand Prairie Flex Space Available

      Flex space with warehouse and office in Grand Prairie, TX.
      2604 W Marshall Dr, Grand Prairie, TX 75051
      View Details
    • Contact for pricing

      Office Building with Suites Available

      Office building featuring suites and build-to-suit options.
      1030 S Carrier Pkwy, Grand Prairie, TX 75051
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2304 Oak Ln
    Grand Prairie, TX 75051-8812
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2304 Oak Ln, Grand Prairie, TX, 75051
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!