Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5539 Lk Rdg Pkwy Grand Prairie, TX 75052-8515
    Back to Search
    Property profile & analytics

    5539 Lk Rdg Pkwy Grand Prairie, TX 75052-8515

    View on Map
    • Medical Office Space
    • 0.86 lot acres
    Off-Market
    Property ID
    US82-5515359
    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

    • Medical Office Space

    Property Details for 5539 Lk Rdg Pkwy

    Year built
    2011
    Lot size
    0.86 lot acres
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    23213G-A-3
    APU
    23213GA3

    Description

    This exceptional 37,548 square foot commercial land parcel is ideally situated at 5539 Lake Ridge Pkwy, Grand Prairie, Texas, 75052, in Tarrant County. Zoned PD-267A General Retail, this property offers unparalleled visibility due to its frontage on a major roadway and shared entrance with established businesses. The location benefits from high traffic counts and exposure to a substantial customer base. Surrounded by numerous residential neighborhoods and conveniently located minutes from a popular lake, this site presents a unique opportunity for a variety of commercial ventures. The city's PD-267A zoning specifically permits commercial office development. For precise location, the property is west of a dental office and north of a daycare center. Offered at $318,000, this is a remarkable investment opportunity in a thriving Texas market. The current ownership is Wiesse Professional Bldg LLC.

    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
    Grand Prairie
    County
    Tarrant
    State
    Texas
    Longitude
    -97.049
    Latitude
    32.6425
    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
    $4,771
    $206,520
    $0.00
    $206,520
    -
    $206,520
    $0.00
    $206,520

    Comparable in this City

    • Value Estimation
      $1,360,000
      37,792 SF

      4927 Lk Rdg Pkwy

      MEDICAL BUILDING • 37,792 SF
      4927 Lk Rdg Pkwy, Grand Prairie, TX 75052-3087
      View Details
    • Value Estimation by Request
      4,408 SF

      5535 Lk Rdg Pkwy

      MEDICAL BUILDING • 4,408 SF
      5535 Lk Rdg Pkwy, Grand Prairie, TX 75052-8515
      View Details
    • Value Estimation by Request
      4,950 SF

      2518 Hillcrest Ln

      MEDICAL BUILDING • 4,950 SF
      2518 Hillcrest Ln, Grand Prairie, TX 75052-5157
      View Details
    • Value Estimation by Request
      9,520 SF

      4320 State Hwy 360

      MEDICAL BUILDING • 9,520 SF
      4320 State Hwy 360, Grand Prairie, TX 75052-7604
      View Details
    • Value Estimation
      $580,000
      6,800 SF

      2626 Carrier Pkwy

      MEDICAL BUILDING • 6,800 SF
      2626 Carrier Pkwy, Grand Prairie, TX 75052-5010
      View Details
    • Value Estimation by Request
      2,692 SF

      3221 Carrier Pkwy

      MEDICAL BUILDING • 2,692 SF
      3221 Carrier Pkwy, Grand Prairie, TX 75052-6052
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Grand Prairie Commercial Development Opportunity

      5.9-acre estate with versatile building and highway frontage.
      1009 W Interstate 20, 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
    • Contact for pricing
      214,801 SF

      Grand Prairie Industrial/Warehouse Facility

      214,801 sq ft industrial property for sale or lease.
      3050 Red Hawk Dr, Grand Prairie, TX 75052
      View Details
    • $2,100,000
      5.96 Acres

      Versatile Land with Development Potential

      5.9-acre estate in Grand Prairie with existing infrastructure.
      1009 W Interstate 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
    • 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

    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
    • $600 /Mo
      33,672 SF

      Office Space in Grand Prairie

      Office rooms available for rent with included utilities and amenities.
      2505 S Great Southwest Pkwy, Grand Prairie, TX 75052
      View Details
    • Contact for pricing
      10,853 SF

      Office Space with Building Signage

      Customizable office suites available for rent with ample parking.
      4927 Lake Ridge Pkwy, Grand Prairie, TX 75052
      View Details
    • Contact for pricing

      Retail/Office Space on 161

      Retail/office space with frontage on State Highway 161.
      3510 S State Highway 161, Grand Prairie, TX 75052
      View Details
    • $24,000
      30,753 SF

      Flexible Warehouse & Office Space

      Versatile warehouse and office facility in established industrial area.
      2970 Eagle Dr, Grand Prairie, TX 75052
      View Details
    • Contact for pricing

      Retail/Office Space Near Texas 360

      Retail and office spaces available near Texas 360 Toll Road.
      5103 Magna Carta Blvd, Grand Prairie, TX 75052
      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.
    5539 Lk Rdg Pkwy
    Grand Prairie, TX 75052-8515
    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
    5539 Lk Rdg Pkwy, Grand Prairie, TX, 75052
    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!