3002 Firewheel Pkwy Garland, TX 75040-4009
Property profile & analytics
3002 Firewheel Pkwy Garland, TX 75040-4009
- Outlet malls
- 100,890 SF
- 10.76 lot acres
Property ID
US82-4212989
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.
Location Intelligence
Current Use by Public Records
- At Home / Home Decor Store / Department Store
Property Details for 3002 Firewheel Pkwy
- Year built
- 2018
- Construction
- TILT-UP CONCRETE
- Lot size
- 10.76 lot acres
- Property size
- 100,890 SF
- Zone code
- Z239
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 26007550010010000
- APU
- 26007550010010000
Description
This exceptional investment opportunity presents a fee-simple interest in a 102,248-square-foot single-tenant retail property located at 3002 Firewheel Pkwy, Garland, TX 75040. The property is a freestanding building constructed in 2018, situated on a 10.8-acre lot. It's currently 100% occupied by At Home, a national home décor retailer, under an absolute NNN lease with a corporate guarantee. The lease commenced August 1, 2022, and has a remaining term of 12.7 years, expiring July 31, 2037, with four 5-year renewal options. Rent increases annually at 2%. The property benefits from a prime location directly off President George Bush Turnpike, boasting 73,036 vehicles per day, and is across the street from Firewheel Town Center, attracting over 6 million annual visitors. Strong demographics support the investment, including over 1,000 apartment units delivered within a 1-mile radius since 2021 and a 20% population growth within a 3-mile radius since 2010. The average household income within a 3-mile radius is $126,000. This offering provides long-term passive income with no landlord responsibilities, making it an attractive investment for discerning buyers. The property offers significant upside potential due to its location and strong tenant.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $13,392,000
Market price range: $3.70M - $13.4M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $8,870,000 Current use
- AUTO REPAIR, GARAGE
- $12,615,000 Change: +42% Conversion: Difficult
- RESTAURANT
- $12,380,000 Change: +40% Conversion: Easy
- OFFICE BUILDING
- $11,370,000 Change: +28% Conversion: Easy
- MEDICAL BUILDING
- $8,920,000 Change: +1% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Garland
- County
- Dallas
- State
- Texas
- Longitude
- -96.6078
- Latitude
- 32.9459
- 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
2024
$288,312
$3,514,970
$9,085,030
$12,600,000
-
$3,514,970
$9,085,030
$12,600,000
