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

    2365 Frst Ln Garland, TX 75042-7936

    • Warehouses
    • 6,035 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4203186
    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

    • Mustang Rental & Sales Co / Real Estate Rental Agency / Appliance Rental Service

    Property Details for 2365 Frst Ln

    Year built
    1970
    Construction
    STEEL FRAME
    Lot size
    0.21 lot acres
    Property size
    6,035 SF
    Zone code
    Z144
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    26105550010010100
    APU
    26105550010010100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $198,000
      Market price range: $115k - $326k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $225,000
      Current use
      OFFICE BUILDING
      $405,000
      Change: +80% Conversion: Difficult
      MEDICAL BUILDING
      $395,000
      Change: +75% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $305,000
      Change: +35% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $300,000
      Change: +32% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.663
    Latitude
    32.91
    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
    $6,979
    $18,560
    $286,440
    $305,000
    -
    $18,560
    $286,440
    $305,000

    Comparable in this City

    • Value Estimation
      $1,260,000
      24,966 SF

      2309 Frst Ln

      MINI-WAREHOUSE, STORAGE • 24,966 SF
      2309 Frst Ln, Garland, TX 75042-7926
      View Details
    • Value Estimation
      $1,360,000
      205,000 SF

      1036 International Rd

      MINI-WAREHOUSE, STORAGE • 205,000 SF
      1036 International Rd, Garland, TX 75042-7822
      View Details
    • Value Estimation
      $705,000
      61,180 SF

      115 International Rd

      MINI-WAREHOUSE, STORAGE • 61,180 SF
      115 International Rd, Garland, TX 75042-6533
      View Details
    • Value Estimation
      $945,000
      168,034 SF

      1111 Shiloh Rd

      MINI-WAREHOUSE, STORAGE • 168,034 SF
      1111 Shiloh Rd, Garland, TX 75042-8047
      View Details
    • Value Estimation
      $805,000
      51,250 SF

      1110 Walnut Pkwy

      MINI-WAREHOUSE, STORAGE • 51,250 SF
      1110 Walnut Pkwy, Garland, TX 75042-5319
      View Details
    • Value Estimation
      $1,115,000
      74,500 SF

      721 Marion Dr

      MINI-WAREHOUSE, STORAGE • 74,500 SF
      721 Marion Dr, Garland, TX 75042-7913
      View Details

    Similar Nearby for Sale

    • $1,400,000
      7,930 SF

      Renovated Garland Warehouse with Heavy Power

      Recently renovated warehouse with heavy power and HVAC throughout.
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      View Details
    • $2,600,000
      20,902 SF

      Multi-Tenant Industrial Value Add Property

      Multi-tenant industrial property with below market rents in Garland, TX.
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    • Contact for pricing
      20,000 SF

      Garland Warehouse with Office Space

      20,000 SF warehouse with 5,000 SF office in Garland.
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    • Contact for pricing
      19,729 SF

      Garland, TX Multi-Tenant Warehouse

      19,729 SF Warehouse, 100% Occupied
      3817 Dividend Dr, Garland, TX 75042
      View Details
    • $25,000,000
      207,687 SF

      207,687 SF Garland Warehouse

      Warehouse with office mezzanine and production space for sale.
      1720 S Jupiter Rd, Garland, TX 75042
      View Details
    • $25,000,000
      362,065 SF

      Garland Industrial Site For Sale

      Industrial site featuring four buildings totaling 362,065 square feet.
      3350 Marquis Dr, Garland, TX 75042
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      24,122 SF

      Garland Warehouse Space Available

      24,122 sqft warehouse space for lease in Garland, TX.
      575 S International Rd, Garland, TX 75042
      View Details
    • Contact for pricing
      137,280 SF

      Modern Distribution Center in Garland

      State-of-the-art distribution center suitable for distributors and manufacturers.
      2750 Miller Park N, Garland, TX 75042
      View Details
    • Contact for pricing
      7,053 SF

      Industrial Warehouse Space in Garland

      7,053 SF warehouse space available for lease in Garland, TX.
      2050 Forest Ln, Garland, TX 75042
      View Details
    • $3,200 /Mo
      2,520 SF

      Office Warehouse with Fenced Yard

      One-story office warehouse featuring a fenced yard and ample parking.
      3750-3752 Marquis Dr, Garland, TX 75042
      View Details
    • $9 SF/Yr
      171,407 SF

      Garland, TX Warehouse - 72,423 SF

      Class A industrial warehouse space available. Excellent location, ample loading docks.
      3150 Marquis Dr, Garland, TX 75042
      View Details
    • Contact for pricing
      227,520 SF

      Distribution Center with Cross-Dock Facility

      Modern distribution facility ideal for assembly and manufacturing companies.
      902 S International Rd, Garland, TX 75042
      View Details
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    Garland, TX 75042-7936
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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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