Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2860 Alouette Dr Grand Prairie, TX 75052-7678

    • Manufacturing properties
    • 37,600 SF
    • 2.74 lot acres
    OFF-MARKET
    Value Estimations
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3661758
    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

    • Zahner Dallas Manufacturing Facility / Metal Fabricator / Manufacturer

    Property Details for 2860 Alouette Dr

    Year built
    1978
    Lot size
    2.74 lot acres
    Property size
    37,600 SF
    Property type
    Manufacturing properties
    APN
    200-2-3R1A
    APU
    20023R1A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $600,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $899,000
      Market price range: $303k - $1.55M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $800,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Prairie
    County
    Tarrant
    State
    Texas
    Longitude
    -97.0525
    Latitude
    32.7037
    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
    $44,216
    $286,451
    $1,941,725
    $2,228,176
    -
    $286,451
    $1,941,725
    $2,228,176

    Comparable in this City

    • Value Estimation
      $1,305,000
      67,790 SF

      2900 Red Hawk Dr

      MANUFACTURING (LIGHT) • 67,790 SF
      2900 Red Hawk Dr, Grand Prairie, TX 75052-7621
      View Details
    • Value Estimation
      $650,000
      33,705 SF

      2641 Forum Dr

      MANUFACTURING (LIGHT) • 33,705 SF
      2641 Forum Dr, Grand Prairie, TX 75052-8925
      View Details
    • Value Estimation
      $550,000
      19,725 SF

      2800 Alouette Dr

      MANUFACTURING (LIGHT) • 19,725 SF
      2800 Alouette Dr, Grand Prairie, TX 75052-7678
      View Details
    • Value Estimation by Request
      5.07 Acres

      3025 Outlet Pkwy

      MINI-WAREHOUSE, STORAGE • 5.07 Acres
      3025 Outlet Pkwy, Grand Prairie, TX 75052-7488
      View Details
    • Value Estimation
      $5,555,000
      460,400 SF

      2150 Bardin Rd

      DISTRIBUTION WAREHOUSE • 460,400 SF
      2150 Bardin Rd, Grand Prairie, TX 75052-1602
      View Details
    • Value Estimation
      $1,110,000
      87,575 SF

      1051 Day Miar Rd

      MINI-WAREHOUSE, STORAGE • 87,575 SF
      1051 Day Miar Rd, Grand Prairie, TX 75052-7901
      View Details

    Similar Nearby for Sale

    • $13,969,050
      60,735 SF

      Grand Prairie Warehouse - $13.9M

      Texas industrial warehouse, 60,735 SF, 7 docks.
      2680 Aero Dr, Grand Prairie, TX 75052
      View Details
    • Contact for pricing
      48,600 SF

      Grand Prairie Industrial Distribution Space

      16,200 SF industrial space with docks and offices.
      3007 Red Hawk Dr, Grand Prairie, TX 75052
      View Details
    • $4,125,280
      17,936 SF

      Grand Prairie Warehouse - Investment Opportunity

      17,936 SF Warehouse, Multi-Tenant, Texas
      2703 Arkansas Ln, Grand Prairie, TX 75052
      View Details
    • $2,100,000
      5.96 Acres

      Versatile Land with Development Potential

      5.9-acre estate in Grand Prairie with existing infrastructure.
      1009 W Interstate 20, Grand Prairie, TX 75052
      View Details
    • Contact for pricing
      17.00 Acres

      Grand Prairie Commercial Land - 17 Acres

      Prime 17-acre commercial tract, I-20 & Belt Line.
      1700 Ih‐20, Grand Prairie, TX 75052
      View Details
    • New
      Contact for pricing
      0.03 Acres

      Land Parcel in Grand Prairie

      Unimproved land parcel near shopping and amenities in Grand Prairie.
      24 Medford Rd, Grand Prairie, TX 75052
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      Grand Prairie Flex / R&D Space

      12,000 SF flex / R&D space for lease.
      2413 Arkansas Ln, Grand Prairie, TX 75052
      View Details
    • $12 SF/Yr
      17,936 SF

      Grand Prairie Warehouse Space Available

      17,936 SF Industrial Warehouse, Texas
      2703 Arkansas Ln, Grand Prairie, TX 75052
      View Details
    • $10 SF/Yr
      60,735 SF

      Grand Prairie Warehouse - 60,735 SF

      Modern industrial space, divisible, excellent access.
      2680 Aero Dr, Grand Prairie, TX 75052
      View Details
    • $9 SF/Yr
      16,200 SF

      Grand Prairie Warehouse Space Available

      Industrial warehouse space for lease in Grand Prairie, Texas.
      3007-3017 Red Hawk Dr, Grand Prairie, TX 75052
      View Details
    • Contact for pricing
      214,801 SF

      Grand Prairie Distribution Warehouse

      New warehouse with 36' clear height, delivery Q4 2023.
      3000 Red Hawk Dr, Grand Prairie, TX 75052
      View Details
    • Contact for pricing
      12,000 SF

      Flex R&D Space For Lease

      Flex R&D space available for lease in Grand Prairie, TX.
      2411 Arkansas Ln, Grand Prairie, TX 75052
      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.
    2860 Alouette Dr
    Grand Prairie, TX 75052-7678
    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

    Google sign-in failed. Please try again or use another login method.