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

    3104 Walnut St Garland, TX 75042

    • Apartment buildings
    • 65,982 SF
    • 3.05 lot acres
    OFF-MARKET
    Value Estimations
    $1,215,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3941238
    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 3104 Walnut St

    Year built
    1965
    Construction
    FRAME
    Lot size
    3.05 lot acres
    Property size
    65,982 SF
    Zone code
    Z160
    Property type
    Apartment buildings
    APN
    26455500010010100
    APU
    26455500010010100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,095,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,337,000
      Market price range: $492k - $2.34M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,320,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.6744
    Latitude
    32.9154
    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
    $156,991
    $399,100
    $6,461,800
    $6,860,900
    -
    $399,100
    $6,461,800
    $6,860,900

    Comparable in this City

    • Value Estimation
      $1,100,000
      107,454 SF

      2914 Walnut St

      APARTMENT HOUSE (5+ UNITS) • 107,454 SF
      2914 Walnut St, Garland, TX 75042-8811
      View Details
    • Value Estimation
      $1,380,000
      85,684 SF

      3020 Walnut St

      APARTMENT HOUSE (5+ UNITS) • 85,684 SF
      3020 Walnut St, Garland, TX 75042-8807
      View Details
    • Value Estimation
      $785,000
      22,160 SF

      2800 Walnut St

      APARTMENT HOUSE (5+ UNITS) • 22,160 SF
      2800 Walnut St, Garland, TX 75042-6472
      View Details
    • Value Estimation
      $795,000
      90,000 SF

      2710 Walnut St

      APARTMENT HOUSE (5+ UNITS) • 90,000 SF
      2710 Walnut St, Garland, TX 75042-6419
      View Details
    • Value Estimation
      $585,000
      78,372 SF

      4301 Walnut St

      APARTMENT HOUSE (5+ UNITS) • 78,372 SF
      4301 Walnut St, Garland, TX 75042-5984
      View Details
    • Value Estimation
      $1,085,000
      62,344 SF

      410 International Rd

      APARTMENT HOUSE (5+ UNITS) • 62,344 SF
      410 International Rd, Garland, TX 75042-6500
      View Details

    Similar Nearby for Sale

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      1,269 SF

      Move-in Ready Townhome with Courtyard

      Two-bedroom, two-bath townhome with updated kitchen and private patio.
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      Renovated Garland Warehouse with Heavy Power

      Recently renovated warehouse with heavy power and HVAC throughout.
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    • $2,600,000
      20,902 SF

      Multi-Tenant Industrial Value Add Property

      Multi-tenant industrial property with below market rents in Garland, TX.
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    • $198,000
      660 SF

      Garland Retail Space - Great Potential

      Prime Garland location, high-traffic area, 660 sq ft.
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      19,729 SF

      Garland, TX Multi-Tenant Warehouse

      19,729 SF Warehouse, 100% Occupied
      3817 Dividend Dr, Garland, TX 75042
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    • $25,000,000
      207,687 SF

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      Warehouse with office mezzanine and production space for sale.
      1720 S Jupiter Rd, Garland, TX 75042
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,091 SF

      Garland Flex Space: Jupiter Plaza

      13,000 SF Flex Space Available in Garland, TX
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      View Details
    • Contact for pricing
      17,800 SF

      Exceptional Garland Office Space

      Prime Garland office, 1,450-17,800 sq ft.
      4563 Walnut St, Garland, TX 75042
      View Details
    • Contact for pricing
      5,200 SF

      Garland Office Building For Lease

      Former bank, 5200 SF, ample parking.
      622 Clara Barton Blvd, Garland, TX 75042
      View Details
    • Contact for pricing
      7,053 SF

      Industrial Warehouse Space in Garland

      7,053 SF warehouse space available for lease in Garland, TX.
      2050 Forest Ln, Garland, TX 75042
      View Details
    • Contact for pricing
      6 SF

      Land For Rent in Garland

      Land available for rent in Garland, Texas.
      1110 E Walnut St, Garland, TX 75042
      View Details
    • $3,200 /Mo
      2,520 SF

      Office Warehouse with Fenced Yard

      One-story office warehouse featuring a fenced yard and ample parking.
      3750-3752 Marquis Dr, Garland, TX 75042
      View Details
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    3104 Walnut St
    Garland, TX 75042
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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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