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    4126 Carrier Pkwy Grand Prairie, TX 75052-3214
    Property profile & analytics

    4126 Carrier Pkwy, Grand Prairie, TX 75052-3214

    View on Map
    • Individual retail properties
    • 58,261 SF
    • 5.29 lot acres
    Off-Market
    Property ID
    US82-6538203
    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
    $875,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fitness Connection / Gym & Fitness Center
    • higi / Physician

    Property Details for 4126 Carrier Pkwy

    Year built
    1987
    Construction
    TILT-UP CONCRETE
    Lot size
    5.29 lot acres
    Zone code
    Z236
    Property type
    Individual retail properties
    APN
    28243100050020000
    APU
    28243100050020000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 11, 2021 — Shops At Westchester LLC — Deed · related —
    Aug 8, 2019 — Shops At Westchester LLC Abs Tx Investor LP Special Warranty Deed $6.7M · Firstcapital Bank Of Texas NA
    Feb 15, 2018 — Abs Tx Investor LP — Loan Modification · related —
    Jan 4, 2011 — Abs Tx Investor LP — Deed Of Trust · related $500M · Bank Of America
    Jul 18, 2006 — Abs Tx Investor Albertsons LLC Deed Of Trust · related $1,689.3M · Greenwich Capital Fin'l INC
    — — Abs Tx Investor LP — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $840,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $911,000
      Market price range: $911k - $1.62M

    • Alternative Use

      Use
      Estimation
      GYM, HEALTH SPA
      $1,260,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Prairie
    County
    Dallas
    State
    Texas
    Longitude
    -97.0076
    Latitude
    32.6726
    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
    $114,546
    $2,765,710
    $2,213,920
    $4,979,630
    -
    $2,765,710
    $2,213,920
    $4,979,630

    Comparable in this City

    • Value Estimation
      $1,260,000
      45,000 SF

      2803 Interstate 20

      GYM, HEALTH SPA
      2803 Interstate 20, Grand Prairie, TX 75052-3827
      View Details
    • Value Estimation by Request
      4,659 SF

      5155 Lk Rdg Pkwy

      DRY CLEANER
      5155 Lk Rdg Pkwy, Grand Prairie, TX 75052-3098
      View Details
    • Value Estimation
      $795,000
      17,339 SF

      4103 Great Sw Pkwy

      DRUG STORE, PHARMACY
      4103 Great Sw Pkwy, Grand Prairie, TX 75052-3801
      View Details
    • Value Estimation
      $545,000
      11,985 SF

      524 Interstate 20

      RETAIL STORES (PERSONAL SERVICES)
      524 Interstate 20, Grand Prairie, TX 75052-6930
      View Details
    • Value Estimation
      $1,330,000
      60,835 SF

      2525 Interstate 20

      GROCERY, SUPERMARKET
      2525 Interstate 20, Grand Prairie, TX 75052-3929
      View Details
    • Value Estimation
      $590,000
      4,913 SF

      4055 Great Sw Pkwy

      CONVENIENCE STORE (W/FUEL PUMP)
      4055 Great Sw Pkwy, Grand Prairie, TX 75052-3829
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      87,159 SF

      Former Retail Building on Carrier

      Retail building with high visibility and easy highway access.
      3865 S Carrier Pkwy, Dallas, TX 75052
      View Details
    • Contact for pricing
      Pending

      Retail Property in Grand Prairie

      Retail property available for sale in Grand Prairie, Texas.
      Sec Sh 161 & Mayfield Rd, Grand Prairie, TX 75052
      View Details
    • $8,070,000
      12,474 SF

      Retail Center in Grand Prairie

      Fully occupied retail center in a high-traffic location.
      3450 S State Highway 161, Grand Prairie, TX 75052
      View Details
    • Contact for pricing
      2,972 SF

      Retail Property on Westchase Drive

      Retail property for sale in Dallas, Texas.
      404 Westchase Dr, Dallas, TX 75052
      View Details
    • New
      $1,200,000
      0.32 Acres

      Gas Station Property

      For-sale gas station property on a 0.3208-acre lot in Grand Prairie, Texas.
      3202 Corn Valley Rd, Grand Prairie, TX 75052
      View Details
    • $13,969,050
      30,000 SF

      Grand Prairie Commercial Property

      30,000 sqft commercial property in Grand Prairie, Texas.
      2680 Aero Dr, Grand Prairie, TX 75052
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,150 SF

      Retail/Office Space on 161

      Retail/Office space for lease with frontage to 161.
      3400-3600 Robinson Rd, Grand Prairie, TX 75052
      View Details
    • Contact for pricing
      9,965 SF

      Retail & Office Space Available

      Retail and office spaces for lease at SH-360 & Mayfield.
      2985 S State 360 Hwy, Grand Prairie, TX 75052
      View Details
    • Contact for pricing
      4,200 SF

      Retail Space Near I-20

      Retail space available in a busy Grand Prairie shopping center.
      594 I 20, Grand Prairie, TX 75052
      View Details
    • Contact for pricing
      19,374 SF

      Retail Space with Drive-Thru

      Proposed retail space with drive-thru, excellent access and visibility.
      6900 Lake Ridge Pkwy, Grand Prairie, TX 75052
      View Details
    • Contact for pricing
      1,700 SF

      Retail Space in Grand Prairie

      Retail space available in a community shopping center.
      524 W Ih 20, Grand Prairie, TX 75052
      View Details
    • Contact for pricing
      15,000 SF

      Retail Space in Grand Prairie

      Retail property available for lease in Grand Prairie, Texas.
      5204-5270 S State Highway 360, Grand Prairie, TX 75052
      View Details
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    Grand Prairie, TX 75052-3214
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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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