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    2609 Oakland Ave Garland, TX 75041
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    Property profile & analytics

    2609 Oakland Ave Garland, TX 75041

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    • Warehouses
    • 20,520 SF
    • 1.62 lot acres
    For Lease
    $515,000
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    Garland Warehouse with Fenced Storage For Lease
    $515,000
    20,520 SF

    Garland Warehouse with Fenced Storage

    20,520 SF warehouse with one-acre fenced storage.

    2609 Oakland Ave, Garland, TX
    View Listing
    Property ID
    US82-3275860
    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
    $515,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 2000 Industries Group MANUFACTURING / Industrial Manufacturer / Production Facility

    Property Details for 2609 Oakland Ave

    Year built
    1965
    Construction
    TILT-UP CONCRETE
    Lot size
    1.62 lot acres
    Property size
    20,520 SF
    Zone code
    Z125
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    26421500020020000
    APU
    26421500020020000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $640,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $386,000
      Market price range: $252k - $789k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $540,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.6685
    Latitude
    32.8768
    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
    $18,689
    $211,310
    $619,750
    $831,060
    -
    $211,310
    $619,750
    $831,060

    Comparable in this City

    • Value Estimation
      $1,395,000
      44,348 SF

      2910 Jupiter Rd

      MINI-WAREHOUSE, STORAGE • 44,348 SF
      2910 Jupiter Rd, Garland, TX 75041-2201
      View Details
    • Value Estimation
      $1,285,000
      87,780 SF

      2660 Market St

      MINI-WAREHOUSE, STORAGE • 87,780 SF
      2660 Market St, Garland, TX 75041-2422
      View Details
    • Value Estimation
      $10,155,000
      601,782 SF

      2600 Mccree Rd

      MINI-WAREHOUSE, STORAGE • 601,782 SF
      2600 Mccree Rd, Garland, TX 75041-3901
      View Details
    • Value Estimation
      $2,690,000
      143,000 SF

      4002 Miller Rd

      MINI-WAREHOUSE, STORAGE • 143,000 SF
      4002 Miller Rd, Garland, TX 75041-6161
      View Details
    • Value Estimation by Request
      15,108 SF

      2213 Executive Dr

      MINI-WAREHOUSE, STORAGE • 15,108 SF
      2213 Executive Dr, Garland, TX 75041-6120
      View Details
    • Value Estimation by Request
      7,956 SF

      2414 Executive Dr

      MINI-WAREHOUSE, STORAGE • 7,956 SF
      2414 Executive Dr, Garland, TX 75041-6296
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      43,000 SF

      Secured Outside Storage Warehouse

      3.3 acre secured outside storage warehouse for sale.
      2747 Oakland Ave, Garland, TX 75041
      View Details
    • Contact for pricing

      Versatile Retail and Industrial Property

      6.97-acre property with warehouse, retail potential, ample parking.
      2918 S Jupiter Rd, Garland, TX 75041
      View Details
    • Contact for pricing
      362,065 SF

      Industrial Property in Garland, Texas

      Industrial property available for sale in Garland, Texas.
      3350 Marquis Dr, Garland, TX 75041
      View Details
    • Contact for pricing
      105,279 SF

      105,279 SF Business For Sale

      Business for sale with 105,279 SF of space.
      2917 S Garland Ave, Garland, TX 75041
      View Details
    • Contact for pricing

      Retail Site Near Winco Foods

      Proposed retail building site with high visibility and easy access.
      1122 W Centerville Rd, Garland, TX 75041
      View Details
    • $1,500,000
      5,440 SF

      Freeway-Adjacent Restaurant Opportunity in Garland

      High-visibility restaurant space with existing infrastructure on LBJ Freeway.
      12733 Lyndon B Johnson Fwy, Garland, TX 75041
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      86,240 SF

      Industrial Space with Fenced Storage

      Industrial space featuring fenced outside storage and easy highway access.
      2525 S Shiloh Rd, Garland, TX 75041
      View Details
    • Contact for pricing
      7,245 SF

      Office and Warehouse Space Available

      Office and warehouse space with fenced outside storage.
      2951-2955 Wood Dr, Garland, TX 75041
      View Details
    • Contact for pricing
      13,950 SF

      Garland Warehouse Space Available

      13,950 SF warehouse space with immediate availability.
      3630 West Miller Rd, Garland, TX 75041
      View Details
    • Contact for pricing
      39,616 SF

      Industrial Space with I-635 Access

      Warehouse/industrial space offering direct access to I-635.
      2610 Mccree Rd, Garland, TX 75041
      View Details
    • Contact for pricing
      33,196 SF

      Garland Warehouse Space Available

      37,204 SF warehouse/industrial space for lease in Garland, TX.
      3650 W Miller Rd, Garland, TX 75041
      View Details
    • Contact for pricing

      Industrial Space with Easy Access

      Warehouse space featuring two grade-level doors and highway access.
      2447 Merritt Dr, Garland, TX 75041
      View Details
    View Listing
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    Garland, TX 75041
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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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