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

    302 Candlewood Ln Garland, TX 75041-5407

    • Apartment buildings
    • 20,306 SF
    • 1.23 lot acres
    OFF-MARKET
    Last Sale
    Aug 21, 2023
    Value Estimations
    $1,005,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4127697
    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

    • Apartment buildings

    Property Details for 302 Candlewood Ln

    Year built
    1972
    Construction
    FRAME
    Lot size
    1.23 lot acres
    Property size
    20,306 SF
    Zone code
    Z160
    Property type
    Apartment buildings
    APN
    26312500010080000
    APU
    26312500010080000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $735,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,278,000
      Market price range: $527k - $1.77M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,385,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.6342
    Latitude
    32.8691
    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
    $40,501
    $107,340
    $1,662,660
    $1,770,000
    -
    $107,340
    $1,662,660
    $1,770,000

    Comparable in this City

    • Value Estimation
      $1,385,000
      31,650 SF

      1213 Winifred Dr

      APARTMENT HOUSE (5+ UNITS) • 31,650 SF
      1213 Winifred Dr, Garland, TX 75041-4365
      View Details
    • Value Estimation
      $1,600,000
      49,290 SF

      1520 Kingsley Rd

      APARTMENT HOUSE (5+ UNITS) • 49,290 SF
      1520 Kingsley Rd, Garland, TX 75041-4273
      View Details
    • Value Estimation
      $14,475,000
      133,249 SF

      1051 Centerville Rd

      APARTMENT HOUSE (5+ UNITS) • 133,249 SF
      1051 Centerville Rd, Garland, TX 75041-3602
      View Details
    • Value Estimation by Request
      4,160 SF

      1926 Cranford Dr

      APARTMENT HOUSE (5+ UNITS) • 4,160 SF
      1926 Cranford Dr, Garland, TX 75041-6338
      View Details
    • Value Estimation by Request
      1,782 SF

      2725 Patricia Ln

      APARTMENT HOUSE (5+ UNITS) • 1,782 SF
      2725 Patricia Ln, Garland, TX 75041-6623
      View Details
    • Value Estimation by Request
      4,160 SF

      2705 Wimbledon Ct

      APARTMENT HOUSE (5+ UNITS) • 4,160 SF
      2705 Wimbledon Ct, Garland, TX 75041-6610
      View Details

    Similar Nearby for Sale

    • $675,000
      0.20 Acres

      Turnkey Garland Townhome-Style Fourplex

      Fully leased, income-producing fourplex with townhome-style units and recent renovations.
      2722 Wimbledon Ct, Garland, TX 75041
      View Details
    • New
      $279,000
      1,553 SF

      Two Homes on One Lot

      Two homes on one lot, great investment opportunity!
      401 E Miller Rd, Garland, TX 75041
      View Details
    • $25,000,000
      362,065 SF

      Marquis Distribution Center: Garland, TX

      Prime Garland Distribution Center - 362,065 SF - $25M
      3350 Marquis Dr, Garland, TX 75041
      View Details
    • Contact for pricing
      2,968 SF

      Retail Property with Highway Frontage

      Retail property in Garland, TX, with highway access and billboard.
      1425 W Northwest Hwy, Garland, TX 75041
      View Details
    • Contact for pricing
      105,279 SF

      Garland Industrial Property - Huge Potential

      105,279 SF, High-Ceiling Warehouse, Ample Parking
      2917 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

    Similar Nearby for Lease

    • $1,275 /Mo

      Updated Townhome Near Highway 78

      Updated 2-bedroom, 1.5-bathroom townhome in Garland, near Highway 78.
      2705 Wimbledon Ct, Garland, TX 75041
      View Details
    • $10 SF/Yr
      34,456 SF

      Garland, TX Retail Box Store

      High-traffic location, 34,456 SF, 173 parking spaces
      825 Centerville Rd, Garland, TX 75041
      View Details
    • $18 SF/Yr
      39,426 SF

      Towngate Plaza Retail Center

      Garland, TX Retail Space Available
      1901 Northwest Hwy, Garland, TX 75041
      View Details
    • Contact for pricing
      20,167 SF

      Garland Executive Office Space

      Prime Garland location, 5,068 sq ft available.
      1015 Centerville Rd, Garland, TX 75041
      View Details
    • Contact for pricing

      Garland Land for Lease

      11.93 acres of commercial land available for lease.
      800 E Kingsley Rd, Garland, TX 75041
      View Details
    • Contact for pricing
      6,050 SF

      Retail Space in Garland, Texas

      Fiesta-anchored shopping center with 6,050 SF endcap available for rent.
      3050 S 1St St, Garland, TX 75041
      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.
    302 Candlewood Ln
    Garland, TX 75041-5407
    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.