Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2816 Commodore Dr Carrollton, TX 75007-4612
    Back to Search
    Property profile & analytics

    2816 Commodore Dr, Carrollton, TX 75007-4612

    View on Map
    • Industrial land
    • 0.04 lot acres
    Off-Market
    Property ID
    US82-3027718
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Raytheon / Electronics & Wireless Store
    • CEVA Logistics / Warehouse & Storage

    Property Details for 2816 Commodore Dr

    Lot size
    0.04 lot acres
    Zone code
    Z123
    Property type
    Industrial land
    APN
    141126000A0050000
    APU
    141126000A0050000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 11, 2012 — Ppf Indl 2816 Commodore Drive Walton Cwtx Frankford 91 LP Quit Claim Deed · related —
    Jun 1, 2007 — Cwtx Frankford Walton Owner Name Unavailable Grant Deed · related —
    — — Argent Frankford LP — Deed Of Trust · related $4.1M · Wells Fargo Bank

    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
    Carrollton
    County
    Dallas
    State
    Texas
    Longitude
    -96.9284
    Latitude
    32.9884
    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
    $203
    $9,740
    $0.00
    $9,740
    -
    $9,740
    $0.00
    $9,740

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      2720 Nimitz Dr

      INDUSTRIAL - VACANT LAND
      2720 Nimitz Dr, Carrollton, TX 75007
      View Details
    • Value Estimation by Request
      1.84 Acres

      2800 Interstate 35e

      INDUSTRIAL - VACANT LAND
      2800 Interstate 35e, Carrollton, TX 75007-4405
      View Details
    • Value Estimation by Request
      0.13 Acres

      2625 Old Denton Rd

      VACANT COMMERCIAL LAND
      2625 Old Denton Rd, Carrollton, TX 75007-5125
      View Details
    • Value Estimation by Request
      1.15 Acres

      1111 Raiford Rd, Unit 108

      VACANT COMMERCIAL LAND
      1111 Raiford Rd, Carrollton, TX 75007
      View Details
    • Value Estimation by Request
      1.15 Acres

      1111 Raiford Rd, Unit 110

      VACANT COMMERCIAL LAND
      1111 Raiford Rd, Carrollton, TX 75007
      View Details
    • Value Estimation by Request
      1.15 Acres

      1111 Raiford Rd, Unit 118

      VACANT COMMERCIAL LAND
      1111 Raiford Rd, Carrollton, TX 75007-6492
      View Details

    Similar Nearby for Sale

    • $675,786
      1.23 Acres

      Carrollton Land Near Medical Center

      Unimproved land in high-traffic area near Carrollton Regional Medical Center.
      4108 Medical Pkwy, Carrollton, TX 75007
      View Details
    • Contact for pricing

      Commercial Land with I-35E Frontage

      Commercial land with direct access to major highways.
      2620 N Ih 35E, Carrollton, TX 75007
      View Details
    • Contact for pricing

      Commercial Land For Sale

      Commercial land available in Carrollton, TX. Zoning: Office District.
      4040 Marsh Ridge Rd, Carrollton, TX 75007
      View Details
    • Contact for pricing

      Land with I-35E Frontage

      Commercial land available with direct access to major highways.
      2610-2620 N I-35, Carrollton, TX 75007
      View Details
    • Contact for pricing

      Highway Frontage Commercial Land Available

      Commercial land with highway frontage and prominent signage available.
      1835 W Frankford Rd, Carrollton, TX 75007
      View Details
    • $317,000
      0.46 Acres

      Residential Land in Established Neighborhood

      Corner lot suitable for building a single-family home.
      3701 Canon Gate Cir, Carrollton, TX 75007
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Space in High-Traffic Area

      Adaptable commercial space suitable for office, retail, or medical use.
      1445 Mac Arthur Dr, Carrollton, TX 75007
      View Details
    • Contact for pricing
      3,165 SF

      Versatile Space in Prime Location

      Adaptable commercial space suitable for various business types.
      1445 Mac Arthur Dr, Carrollton, TX 75007
      View Details
    • Contact for pricing
      991 SF

      Professional Office Space Available

      Upscale office building near Tollway and President George Bush Turnpike.
      3012 E Hebron Pkwy, Carrollton, TX 75007
      View Details
    • Contact for pricing
      1,676 SF

      Retail Space in Carrollton, Texas

      Retail space available in Carrollton, Texas at Frankford Standridge.
      1711 Frankford Rd E, Carrollton, TX 75007
      View Details
    • Contact for pricing
      2,433 SF

      Retail Space in Carrollton Center

      Retail space available in established Carrollton shopping center.
      2660-2722 N Josey Ln, Carrollton, TX 75007
      View Details
    • Contact for pricing
      9,679 SF

      Carrollton Flex Space Available

      Flex space available for lease in Carrollton, Texas.
      4240 International Pkwy, Carrollton, TX 75007
      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.
    2816 Commodore Dr
    Carrollton, TX 75007-4612
    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
    2816 Commodore Dr, Carrollton, TX, 75007
    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!