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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Showrooms
2820 Market St Garland, TX 75041-2426
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US82-0688324
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1994
Construction
STEEL FRAME
Total area
10,125 SF
Lot
2.37 ac (103,194 SF)
Zoning code
Z144
APN
26278750010010000
UPID
US82-0688324
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Northern Pipeline Gas Company
-
Goodyear Commercial Tire & Service Centers (Bike/Boat/Book/etc) Store Auto Parts Store
-
Wingfoot Tire (Bike/Boat/Book/etc) Store Auto Parts Store
-
Castaneda Corp (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$939k
Blend (final)
Blend
$710k
Owner & transaction history
Teardrop Partners LP · 5 yrs held
Teardrop Partners LP
since 2020
7 recorded transactions
Zoning & alternative use
Z144 · Garland, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$895,000
+91.7%
Office building
$890,000
+90.4%
Retail stores
$865,000
+85.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Garland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$465,000
Current use
MEDICAL BUILDING
$895,000
Change: +92% · Conversion: Easy
OFFICE BUILDING
$890,000
Change: +90% · Conversion: Easy
RETAIL STORES
$865,000
Change: +85% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$690,000
Change: +48% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$515,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$710k
Range $639k – $781k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$70 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$35,411
Tax year 2023
Assessed value
$1,547,560
Assessed 2023
Previous assessed
$1,547,560
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$412,770
Assessed improvement
$1,134,790
Land market value
$412,770
Improvement market value
$1,134,790
Total market value
$1,547,560
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1994
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
10,125 SF
Lot
2.37 ac (103,194 SF)
Zoning code
Z144
APN
26278750010010000
UPID
US82-0688324
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z144 · Garland, TX
Zoning Z144 · permitted uses
Z144 · Garland, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Garland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$465,000
MEDICAL BUILDING
Est. value
$895,000
OFFICE BUILDING
Est. value
$890,000
RETAIL STORES
Est. value
$865,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$690,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$515,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Lot
2.37 ac
Current owner
From public records · entity-resolved
Teardrop Partners LP
Entity
Mailing address
100 CMNS RD STE #7, DRIPPING SPRINGS, TX 78620-3966
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2020
—
Teardrop Partners LP
2820 Market Street Ltd
Grant Deed
related
—
Jan 3, 2019
—
2820 Market Street Ltd
Carleton Graetz LLC
Venders Lien
$800,000 · Worthington National Bank
Aug 22, 2017
—
Carleton Graetz LLC
—
Deed
related
$503,073 · Independent Bk
Apr 27, 2011
—
Carleton Graetz LLC
Carleton,john
Quit Claim Deed
related
—
Sep 14, 2010
—
John Carleton
Carlton,debra S
Quit Claim Deed
related
$600,000 · Independent Bank
Nov 10, 2004
—
Ahern Rentals INC
—
Deed Of Trust
related
$90,000,000 · Tennenbaum Capital Ptrs LLC
—
—
John Carleton
—
Deed Of Trust
related
$880,000 · Independent Bank
—
—
Carleton Graetz LLC
—
Loan Modification
related
$503,073 · Independent Bk
—
—
Dfa LLC
—
Deed Of Trust
related
$472,500 · Valley Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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