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    Property profile & analytics

    3150 Marquis Dr Garland, TX 75042

    • Distribution centers
    • 171,407 SF
    • 9.21 lot acres
    For Lease
    View listing
    $9 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5119654
    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

    • Distribution centers

    Property Details for 3150 Marquis Dr

    Year built
    2020
    Construction
    TILT-UP CONCRETE
    Lot size
    9.21 lot acres
    Property size
    171,407 SF
    Property type
    Distribution centers
    APN
    265133300103R0000
    APU
    265133300103R0000

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $8,419,000
      Market price range: $3.27M - $9.25M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.6758
    Latitude
    32.9003
    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
    $295,710
    $2,406,340
    $10,516,970
    $12,923,310
    -
    $2,406,340
    $10,516,970
    $12,923,310

    Comparable in this City

    • Value Estimation by Request
      39,425 SF

      3727 Marquis Dr

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      3727 Marquis Dr, Garland, TX 75042
      View Details
    • Value Estimation
      $4,165,000
      278,400 SF

      1035 Nicholson Rd

      DISTRIBUTION WAREHOUSE • 278,400 SF
      1035 Nicholson Rd, Garland, TX 75042-7858
      View Details
    • Value Estimation
      $3,690,000
      202,560 SF

      950 Shiloh Rd

      DISTRIBUTION WAREHOUSE • 202,560 SF
      950 Shiloh Rd, Garland, TX 75042-7804
      View Details
    • Value Estimation
      $1,460,000
      74,758 SF

      3301 Marquis Dr

      DISTRIBUTION WAREHOUSE • 74,758 SF
      3301 Marquis Dr, Garland, TX 75042
      View Details
    • Value Estimation
      $1,075,000
      45,000 SF

      3802 Miller Park Dr

      DISTRIBUTION WAREHOUSE • 45,000 SF
      3802 Miller Park Dr, Garland, TX 75042-7525
      View Details
    • Value Estimation by Request
      15,000 SF

      3851 Cavalier Dr

      DISTRIBUTION WAREHOUSE • 15,000 SF
      3851 Cavalier Dr, Garland, TX 75042-7508
      View Details

    Similar Nearby for Sale

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    • $25,000,000
      105,705 SF

      Garland Warehouse with HVAC

      105,705 SF warehouse featuring HVAC and loading docks.
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      View Details
    • $25,000,000
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      Garland Warehouse with HVAC Office

      362,065 SF warehouse with 3,200 SF HVAC office.
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      Industrial Property in Garland, Texas

      Industrial property for sale at 614 Easy Street, Garland, TX.
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      7,980 SF

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      7,980 SF flex/industrial property in Garland, Texas for sale.
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    Similar Nearby for Lease

    • $10 SF/Yr
      39,425 SF

      Marquis Distribution Center: Building C

      Dallas Warehouse Space Available: 9,848 SF
      3727 Marquis Dr, Garland, TX 75042
      View Details
    • Contact for pricing
      25,461 SF

      Garland Industrial Flex Space

      Modern Flex Warehouse, Dallas County
      109 Kirby St, Garland, TX 75042
      View Details
    • Contact for pricing
      137,280 SF

      Modern Distribution Center in Garland

      State-of-the-art distribution center suitable for distributors and manufacturers.
      2750 Miller Park N, Garland, TX 75042
      View Details
    • $9 SF/Yr
      171,407 SF

      Garland, TX Warehouse - 72,423 SF

      Class A industrial warehouse space available. Excellent location, ample loading docks.
      3150 Marquis Dr, Garland, TX 75042
      View Details
    • Contact for pricing
      227,520 SF

      Distribution Center with Cross-Dock Facility

      Modern distribution facility ideal for assembly and manufacturing companies.
      902 S International Rd, Garland, TX 75042
      View Details
    • Contact for pricing
      45,450 SF

      Industrial Warehouse in Garland, Texas

      151,200 SF warehouse ideal for local and regional distribution.
      3101 Marquis Dr, Garland, TX 75042
      View Details
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    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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