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    5949 Broadway Blvd Garland, TX 75043
    Property profile & analytics

    5949 Broadway Blvd Garland, TX 75043

    View on Map
    • Strip malls
    • 14,820 SF
    • 1.58 lot acres
    For Lease
    $650,000
    View Listing →
    Retail Space on Broadway Blvd For Lease
    $650,000
    1,540 SF

    Retail Space on Broadway Blvd

    Retail space in established trade area with high traffic.

    5949 BROADWAY BLVD, Garland, TX
    View Listing
    Property ID
    US82-0291981
    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
    $650,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cash Store / Loan Service
    • GameStop / Arcade & Gaming Center / Electronics & Wireless Store
    • GNC / (Bike/Boat/Book/etc) Store / Pharmacy
    • Cricket Wireless Authorized Retailer / Mobile Phone Store / Electronics & Wireless Store
    • Garland Dental Care / Dental Office

    Property Details for 5949 Broadway Blvd

    Year built
    2003
    Construction
    TILT-UP CONCRETE
    Lot size
    1.58 lot acres
    Property size
    14,820 SF
    Zone code
    Z85
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    260511000104R0000
    APU
    260511000104R0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $510,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $789,000
      Market price range: $465k - $790k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $615,000
      Current use
      WAREHOUSE, STORAGE
      $560,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.5962
    Latitude
    32.8434
    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
    $88,095
    $688,420
    $3,161,580
    $3,850,000
    -
    $688,420
    $3,161,580
    $3,850,000

    Comparable in this City

    • Value Estimation by Request
      4,280 SF

      3322 Broadway Blvd

      SHOPPING CENTER, STRIP CENTER • 4,280 SF
      3322 Broadway Blvd, Garland, TX 75043-1531
      View Details
    • Value Estimation
      $1,585,000
      70,564 SF

      4125 Broadway Blvd

      SHOPPING CENTER, STRIP CENTER • 70,564 SF
      4125 Broadway Blvd, Garland, TX 75043-2500
      View Details
    • Value Estimation by Request
      4,480 SF

      3413 Broadway Blvd

      SHOPPING CENTER, STRIP CENTER • 4,480 SF
      3413 Broadway Blvd, Garland, TX 75043-1658
      View Details
    • Value Estimation
      $810,000
      21,115 SF

      1546 Rowlett Rd

      SHOPPING CENTER, STRIP CENTER • 21,115 SF
      1546 Rowlett Rd, Garland, TX 75043-1972
      View Details
    • Value Estimation by Request
      3,567 SF

      3925 Broadway Blvd

      SHOPPING CENTER, STRIP CENTER • 3,567 SF
      3925 Broadway Blvd, Garland, TX 75043-2586
      View Details
    • Value Estimation by Request
      7,300 SF

      3350 Broadway Blvd

      SHOPPING CENTER, STRIP CENTER • 7,300 SF
      3350 Broadway Blvd, Garland, TX 75043-1507
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Leased Retail Strip Center

      Fully leased retail strip center with long-term tenants.
      545 Rowlett Rd, Garland, TX 75043
      View Details
    • $2,399,000
      5.62 Acres

      Garland Land For Commercial Development

      Unimproved land suitable for various commercial uses in a busy location.
      4801 Broadway Blvd, Garland, TX 75043
      View Details
    • $1,100,000
      1.18 Acres

      Commercially Zoned Lot on I-30

      1.184-acre commercially zoned lot with high-traffic exposure.
      1625 E Interstate 30, Garland, TX 75043
      View Details
    • $1,199,000
      2,990 SF

      Garland Retail Space - Huge Potential

      Established Restaurant, High Growth Area
      525 Oates Rd, Garland, TX 75043
      View Details
    • Contact for pricing
      2,970 SF

      Restaurant Building with Drive-Thru

      Former restaurant with drive-thru, great location, investment opportunity.
      6318 Broadway Blvd, Garland, TX 75043
      View Details
    • Contact for pricing
      10,500 SF

      Retail Space Beauty Salon

      Retail space suitable as a beauty salon for sale.
      545 Rowlett Rd, Garland, TX 75043
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,203 SF

      Retail and Office Complex

      Two-story retail and office complex in Garland, Texas.
      4125-4133 Broadway Blvd, Garland, TX 75043
      View Details
    • Contact for pricing

      Retail Center on Interstate 30

      Retail center with pad and shop space for lease.
      335 E Interstate 30, Garland, TX 75043
      View Details
    • Contact for pricing

      Garland Retail Center Space Available

      Retail spaces for lease in Garland, excellent visibility and access.
      3338 Broadway Blvd, Garland, TX 75043
      View Details
    • Contact for pricing
      1,781 SF

      Retail Space in Garland Center

      Retail space available in a well-located Garland shopping center.
      3334-3338 Broadway Blvd, Garland, TX 75043
      View Details
    • Contact for pricing

      Retail Center Near I-30

      Retail spaces and pad sites available near I-30 and Belt Line.
      552 W Interstate 30, Garland, TX 75043
      View Details
    • Contact for pricing
      17,520 SF

      Retail Space in Garland, Texas

      2,862 SF retail space available for lease.
      4441 Bass Pro Dr, Garland, TX 75043
      View Details
    View Listing
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    Garland, TX 75043
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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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