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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    306 Main St Grand Prairie, TX 75050-5725

    • Strip malls
    • 19,500 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimations
    $585,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4605779
    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

    • LoneStar Green builders / General Contractor

    Property Details for 306 Main St

    Year built
    1955
    Construction
    TILT-UP CONCRETE
    Lot size
    0.69 lot acres
    Property size
    19,500 SF
    Zone code
    Z20
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    28218500020010000
    APU
    28218500020010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $550,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $625,000
      Market price range: $583k - $1.24M

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Prairie
    County
    Dallas
    State
    Texas
    Longitude
    -97.001
    Latitude
    32.7461
    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
    $26,453
    $195,980
    $954,020
    $1,150,000
    -
    $195,980
    $954,020
    $1,150,000

    Comparable in this City

    • Value Estimation
      $380,000
      7,448 SF

      1101 Carrier Pkwy

      SHOPPING CENTER, STRIP CENTER • 7,448 SF
      1101 Carrier Pkwy, Grand Prairie, TX 75050-3382
      View Details
    • Value Estimation
      $365,000
      13,536 SF

      610 Main St

      SHOPPING CENTER, STRIP CENTER • 13,536 SF
      610 Main St, Grand Prairie, TX 75050-5831
      View Details
    • Value Estimation
      $265,000
      5,215 SF

      202 Small Hl Dr

      SHOPPING CENTER, STRIP CENTER • 5,215 SF
      202 Small Hl Dr, Grand Prairie, TX 75050-5649
      View Details
    • Value Estimation
      $685,000
      40,826 SF

      1006 Carrier Pkwy

      SHOPPING CENTER, STRIP CENTER • 40,826 SF
      1006 Carrier Pkwy, Grand Prairie, TX 75050-3301
      View Details
    • Value Estimation by Request
      5,220 SF

      795 Small Hl Dr

      SHOPPING CENTER, STRIP CENTER • 5,220 SF
      795 Small Hl Dr, Grand Prairie, TX 75050-5880
      View Details
    • Value Estimation
      $610,000
      11,398 SF

      506 Ave K K

      SHOPPING CENTER, STRIP CENTER • 11,398 SF
      506 Ave K K, Grand Prairie, TX 75050-2402
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Grand Prairie Retail Land

      10.7 Acres, I-30 & MacArthur Blvd
      905 Macarthur Blvd, Grand Prairie, TX 75050
      View Details
    • $1,750,000
      6,516 SF

      Grand Prairie Multi-Tenant Property

      Downtown Grand Prairie retail/office complex. Five tenants, high potential.
      315 Main St, Grand Prairie, TX 75050
      View Details
    • Contact for pricing
      21,500 SF

      Retail Property in Grand Prairie

      Retail property available for sale in Grand Prairie, Texas.
      430 E Main St, Grand Prairie, TX 75050
      View Details
    • $429,000
      0.23 Acres

      Retail Opportunity in Grand Prairie

      2,750 SF retail space in accessible Grand Prairie location.
      630 Dalworth St, Grand Prairie, TX 75050
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    • Contact for pricing
      25,050 SF

      Grand Prairie Distribution Center

      25,050 SF Industrial Building, 3 Acres
      2430-2434 January Ln, Grand Prairie, TX 75050
      View Details
    • Contact for pricing
      20.50 Acres

      Grand Prairie Industrial Land

      20.5 Acres, Light Industrial Zoning
      2701 Hunter Ferrell Rd, Grand Prairie, TX 75050
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,500 SF

      Grand Prairie Flex/Industrial Space

      7,500 SF flex/industrial space in Grand Prairie, Texas.
      2535 W Hunter Ferrell Rd, Grand Prairie, TX 75050
      View Details
    • Contact for pricing
      4,180 SF

      Retail or Restaurant Space Available

      Retail or restaurant space for lease with five bays.
      311-315 E Main St, Grand Prairie, TX 75050
      View Details
    • $24 SF/Yr
      29,359 SF

      Grand Prairie Retail Space Available

      1,100 SF retail space in high-density Grand Prairie area.
      203 Belt Line Rd, Grand Prairie, TX 75050
      View Details
    • Contact for pricing
      2,808 SF

      Grand Prairie Retail Space for Lease

      Prime Main St location, 2808 sq ft, 58 parking spaces
      925 Main St, Grand Prairie, TX 75050
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space with Freeway Visibility

      Retail space available with freeway visibility and pylon signage.
      1006 N Carrier Pkwy, Grand Prairie, TX 75050
      View Details
    • $4,000 /Mo

      Downtown Fort Worth Industrial Space

      Light industrial property in Downtown Fort Worth with multiple access points.
      405 Bill Irwin St, Grand Prairie, TX 75050
      View Details
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    306 Main St
    Grand Prairie, TX 75050-5725
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    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
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