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Property profile & analytics
OFF-MARKET
Estimated value
$9,880,000
Distribution centers
3150 Marquis Dr Garland, TX 75042
Entity Owned
Absentee Owner
Free & Clear
Property ID
US82-5119654
Property summary
AI-generated overview
This exceptional Class A industrial warehouse, located at 3150 Marquis Dr. in Garland, Texas (zip code 75042), offers 72,423 square feet of contiguous space for lease. Part of the Marquis Business Center - Building A, this property boasts a total building size of 171,407 square feet and sits on a 10.75-acre lot. Built in 2020, the building features 28 loading docks, providing efficient and convenient access for distribution operations. The property is categorized as both warehouse and distribution space, making it ideal for a variety of industrial uses. The minimum divisible space is 72,423 square feet, offering flexibility for larger tenants. The property is situated in Dallas County and benefits from its strategic location in Garland, Texas. The development includes 35 trailer parking spaces. This is a prime opportunity for businesses seeking high-quality, modern warehouse space in a thriving industrial market. The property's Class A designation reflects its superior construction and amenities.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2020
Construction
TILT-UP CONCRETE
Total area
171,407 SF
Lot
9.21 ac (401,057 SF)
APN
265133300103R0000
UPID
US82-5119654
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.42M
Blend (final)
Blend
$9.88M
Owner & transaction history
HIP COLFIN MARQUIS DRIVE LLC
HIP COLFIN MARQUIS DRIVE LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$11.5M
+80.0%
Medical building
$11.2M
+75.2%
Neighborhood: shopping center
$8.7M
+35.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Garland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,395,000
Current use
OFFICE BUILDING
$11,505,000
Change: +80% · Conversion: Difficult
MEDICAL BUILDING
$11,205,000
Change: +75% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,650,000
Change: +35% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,455,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$9.88M
Range $8.89M – $10.87M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$58 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$295,710
Tax year 2023
Assessed value
$12,923,310
Assessed 2023
Previous assessed
$12,923,310
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$2,406,340
Assessed improvement
$10,516,970
Land market value
$2,406,340
Improvement market value
$10,516,970
Total market value
$12,923,310
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2020
Construction
TILT-UP CONCRETE
Heating
PARTIAL
Cooling
PARTIAL
Stories
1
Total area
171,407 SF
Lot
9.21 ac (401,057 SF)
APN
265133300103R0000
UPID
US82-5119654
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.4M
OFFICE BUILDING
Est. value
$11.5M
MEDICAL BUILDING
Est. value
$11.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$8.5M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Construction
TILT-UP CONCRETE
Heating
PARTIAL
Cooling
Yes
Stories
1
Lot
9.21 ac
Current owner
From public records · entity-resolved
HIP COLFIN MARQUIS DRIVE LLC
Entity
Free & Clear · 0 yrs held
Mailing address
385 INVERNESS PKWY STE #460, ENGLEWOOD, CO 80112-5854
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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