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

    3824 Carrier Pkwy Grand Prairie, TX 75052-6644

    • Strip malls
    • 19,810 SF
    • 1.78 lot acres
    OFF-MARKET
    Value Estimations
    $730,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4142849
    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

    • Marlene Baumeister-Parikh / Physician
    • Green Oaks Physical Therapy / Physician
    • Leslie's / (Bike/Boat/Book/etc) Store / Hardware & Home Improvement
    • BRITTANY NICOLE WALTERS / Physician
    • SHELBY CELESTE PANZINO / Physician

    Property Details for 3824 Carrier Pkwy

    Year built
    1998
    Construction
    FRAME
    Lot size
    1.78 lot acres
    Property size
    19,810 SF
    Zone code
    Z236
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    28021690010010000
    APU
    28021690010010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $610,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $851,000
      Market price range: $592k - $1.20M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $890,000
      Current use
      AUTO REPAIR, GARAGE
      $1,090,000
      Change: +22% Conversion: Difficult
      RETAIL STORES
      $755,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Prairie
    County
    Dallas
    State
    Texas
    Longitude
    -97.0077
    Latitude
    32.6802
    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
    $86,261
    $930,710
    $2,819,290
    $3,750,000
    -
    $930,710
    $2,819,290
    $3,750,000

    Comparable in this City

    • Value Estimation
      $795,000
      21,030 SF

      2360 Cp Wisdom Rd

      SHOPPING CENTER, STRIP CENTER • 21,030 SF
      2360 Cp Wisdom Rd, Grand Prairie, TX 75052-2215
      View Details
    • Value Estimation
      $720,000
      13,875 SF

      2580 Cp Wisdom Rd

      SHOPPING CENTER, STRIP CENTER • 13,875 SF
      2580 Cp Wisdom Rd, Grand Prairie, TX 75052-3088
      View Details
    • Value Estimation
      $735,000
      18,708 SF

      5145 Lk Rdg Pkwy

      SHOPPING CENTER, STRIP CENTER • 18,708 SF
      5145 Lk Rdg Pkwy, Grand Prairie, TX 75052-3099
      View Details
    • Value Estimation
      $520,000
      9,072 SF

      5115 Lk Rdg Pkwy

      SHOPPING CENTER, STRIP CENTER • 9,072 SF
      5115 Lk Rdg Pkwy, Grand Prairie, TX 75052-3003
      View Details
    • Value Estimation
      $585,000
      15,076 SF

      5103 Magna Carta Blvd

      SHOPPING CENTER, STRIP CENTER • 15,076 SF
      5103 Magna Carta Blvd, Grand Prairie, TX 75052-5215
      View Details
    • Value Estimation by Request
      5,616 SF

      4010 Great Sw Pkwy

      SHOPPING CENTER, STRIP CENTER • 5,616 SF
      4010 Great Sw Pkwy, Grand Prairie, TX 75052-3877
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Grand Prairie Retail Center

      Prime Retail Space, Dallas County, TX
      0 Sec Sh 161 & Mayfield Rd, Grand Prairie, TX 75052
      View Details
    • $3,108,375
      11,050 SF

      Grand Prairie NNN Retail Property

      NNN leased retail property with corporate guaranty and annual increases.
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    • $350,000

      Established Hair Salon For Sale

      Fully equipped hair salon ready for immediate operation.
      2526 Hillcrest Ln, Grand Prairie, TX 75052
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    • $350,000

      Established Hair Salon with Equipment

      Fully equipped hair salon ready for immediate operation.
      2526 Hillcrest Ln, Grand Prairie, TX 75052
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    • Contact for pricing
      17.00 Acres

      Grand Prairie Commercial Land - 17 Acres

      Prime 17-acre commercial tract, I-20 & Belt Line.
      1700 Ih‐20, Grand Prairie, TX 75052
      View Details
    • Contact for pricing
      0.03 Acres

      Land Parcel in Grand Prairie

      Unimproved land parcel near shopping and amenities in Grand Prairie.
      24 Medford Rd, Grand Prairie, TX 75052
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,064 SF

      Retail Space in Grand Prairie

      Retail space available in a busy Grand Prairie shopping center.
      5244 S State Highway 360, Grand Prairie, TX 75052
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    • Contact for pricing
      3,800 SF

      Retail Space in Grand Prairie

      Retail space available at Lake Prairie Towne Crossing.
      5220 S State Highway 360, Grand Prairie, TX 75052
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    • Contact for pricing
      1,845 SF

      Retail Space Near Interstate 20

      Retail suites available in shopping center near Interstate 20.
      2205 W Interstate 20, Grand Prairie, TX 75052
      View Details
    • Contact for pricing
      9,000 SF

      Retail Strip Near I-20

      9,000 SF retail space near major thoroughfares.
      2016 S Forum Dr, Grand Prairie, TX 75052
      View Details
    • Contact for pricing
      6,000 SF

      Grand Prairie Retail Space - Walmart Area

      High-traffic retail space, 6,000 sq ft available.
      2650 State Highway 161, Grand Prairie, TX 75052
      View Details
    • Contact for pricing

      Retail Space in Grand Prairie

      Retail space available in Grand Prairie, Texas shopping center.
      5292 S State Highway 360, Grand Prairie, TX 75052
      View Details
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    Grand Prairie, TX 75052-6644
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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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