Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    407 Centerville Rd Garland, TX 75041-5443
    Back to Search
    Property profile & analytics

    407 Centerville Rd, Garland, TX 75041-5443

    View on Map
    • Day care centers
    • 4,588 SF
    • 0.40 lot acres
    Off-Market
    Property ID
    US82-0695773
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Centerville Learning Center / Daycare Center

    Property Details for 407 Centerville Rd

    Year built
    1970
    Construction
    FRAME
    Lot size
    0.40 lot acres
    Zone code
    Z52
    Property type
    Day care centers
    APN
    26312500050120000
    APU
    26312500050120000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 1, 2002 — Frank James Johnson,gil L Grant Deed $235k · Gil L Johnson

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.636
    Latitude
    32.8671
    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
    $8,886
    $105,000
    $283,350
    $388,350
    -
    $105,000
    $283,350
    $388,350

    Comparable in this City

    • Value Estimation by Request
      2.33 Acres

      4702 Saturn Rd

      Day care centers
      4702 Saturn Rd, Garland, TX 75041
      View Details
    • Value Estimation by Request
      7,672 SF

      1321 Nwnw Hwy

      DAY CARE, PRE-SCHOOL
      1321 Nwnw Hwy, Garland, TX 75041-5837
      View Details
    • Value Estimation by Request
      3,795 SF

      1305 Nwnw Hwy, Unit 1

      VETERINARY, ANIMAL HOSPITAL
      1305 Nwnw Hwy, Garland, TX 75041-5837
      View Details
    • Value Estimation by Request
      7,372 SF

      12973 Lyndon B Johnson Fwy

      FUNERAL HOME
      12973 Lyndon B Johnson Fwy, Garland, TX 75041-4702
      View Details
    • Value Estimation
      $670,000
      10,000 SF

      3629 Miller Rd

      CHARITABLE ORGANIZATION
      3629 Miller Rd, Garland, TX 75041-6015
      View Details
    • Value Estimation by Request
      90,459 SF

      Centerville Rd. & Hwy

      Neighborhood centers
      0 Centerville Rd. & Hwy, Garland, TX 75041
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,656 SF

      Fee Simple NNN Property

      Commercial property for sale with absolute NNN lease.
      601 W Centerville Rd, Garland, TX 75041
      View Details
    • New
      $1,350,000
      4,160 SF

      Well-Maintained Quadplex Income Property

      A stabilized quadplex with four 2-bedroom units, individual utility meters, and significant HVAC, foundation, and plumbing updates.
      2813 Wimbledon Ct, Garland, TX 75041
      View Details
    • Contact for pricing
      4,486 SF

      Turnkey Car Dealership Opportunity

      Fully equipped car dealership with office, storage, and service facilities.
      2623 S Garland Ave, Garland, TX 75041
      View Details
    • Contact for pricing
      5,440 SF

      Freeway-Adjacent Restaurant Opportunity in Garland

      Second-generation restaurant space with high visibility and existing infrastructure.
      12733 Lyndon B Johnson Fwy, Garland, TX 75041
      View Details
    • $575,000

      Automotive Dealership with Secured Lot

      Automotive dealership with office and secured parking for 16 vehicles.
      2085 South Garland Ave, Garland, TX 75041
      View Details
    • Contact for pricing

      Versatile Retail and Industrial Property

      6.97-acre property with warehouse, retail potential, ample parking.
      2918 S Jupiter Rd, Garland, TX 75041
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      40,000 SF

      Garland Specialty Property for Rent

      40000 sqft specialty property available for rent.
      3845 Grader St, Garland, TX 75041
      View Details
    • Contact for pricing

      TX, Garland - LBJ FWY

      Discover many ways to work your way in FL, Tallahassee - Monroe St.
      13509 Lyndon B Johnson Fwy, Garland, TX 75041
      View Details
    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease in Garland, Texas.
      1021-1065 Jupiter Rd S, Garland, TX 75041
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial property available for lease in Garland, Texas.
      2820 Oakland Ave, Garland, TX 75041
      View Details
    • Contact for pricing
      13,440 SF

      Commercial Property for Lease

      Commercial property available for lease in Dallas, Texas.
      10990 Petal St, Dallas, TX 75041
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Garland, Texas.
      1715-1731 Wall St, Garland, TX 75041
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    407 Centerville Rd
    Garland, TX 75041-5443
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    407 Centerville Rd, Garland, TX, 75041
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!