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    Property profile & analytics

    6318 Broadway Blvd Garland, TX 75043

    • Drive through restaurants
    • 2,315 SF
    • 0.44 lot acres
    For Sale
    View listing
    $1,100,000
    Last Sale
    Jan 20, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2450709
    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

    • Drive through restaurants

    Property Details for 6318 Broadway Blvd

    Year built
    1979
    Construction
    TILT-UP CONCRETE
    Lot size
    0.44 lot acres
    Property size
    2,315 SF
    Zone code
    Z85
    Property type
    Drive through restaurants
    APN
    26447570010010200
    APU
    26447570010010200

    Description

    This exceptional 2,970 square foot retail property, situated on a 0.44-acre lot at 6318 Broadway Boulevard in Garland, Texas, presents a remarkable investment opportunity. Boasting a highly desirable location directly at the intersection of I-30 and Broadway (Beltline Road), this former restaurant space benefits from exceptional visibility and accessibility. The property includes a drive-thru, approximately 27 parking spaces, and one designated handicapped parking space. Existing equipment, including tables, will remain with the sale, although the seller is willing to remove them if desired. The property's strategic location offers significant advantages, with a Kroger-anchored shopping center and Northern Tools directly across the street. Nearby businesses include popular food establishments such as Sonic, Dairy Queen, and Captain D's, further enhancing the area's commercial appeal. The property is also within walking distance of an office building, additional retail spaces, and a substantial residential development, ensuring a consistent flow of potential customers. The high traffic volume at the I-30 Beltline intersection guarantees significant exposure. Zoned as Community Retail District, this versatile property offers a wide range of potential uses, making it an ideal investment for discerning buyers seeking a prime location with high visibility and strong potential for return. The asking price is $1,100,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $380,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $265,000
      Market price range: $222k - $409k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $320,000
      Current use
      OFFICE BUILDING
      $510,000
      Change: +60% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $335,000
      Change: +5% Conversion: Easy
      AUTO REPAIR, GARAGE
      $290,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.5952
    Latitude
    32.8376
    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
    $12,200
    $191,660
    $341,500
    $533,160
    -
    $191,660
    $341,500
    $533,160

    Comparable in this City

    • Value Estimation
      $575,000
      3,935 SF

      5959 Broadway Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,935 SF
      5959 Broadway Blvd, Garland, TX 75043-5823
      View Details
    • Value Estimation
      $470,000
      4,581 SF

      3285 Broadway Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,581 SF
      3285 Broadway Blvd, Garland, TX 75043-1530
      View Details
    • Value Estimation
      $250,000
      1,362 SF

      3327 Broadway Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,362 SF
      3327 Broadway Blvd, Garland, TX 75043-1532
      View Details
    • Value Estimation
      $290,000
      2,265 SF

      5806 Broadway Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,265 SF
      5806 Broadway Blvd, Garland, TX 75043-5820
      View Details
    • Value Estimation
      $255,000
      2,040 SF

      4018 Broadway Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,040 SF
      4018 Broadway Blvd, Garland, TX 75043-2516
      View Details
    • Value Estimation
      $295,000
      2,818 SF

      3410 Broadway Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,818 SF
      3410 Broadway Blvd, Garland, TX 75043-1618
      View Details

    Similar Nearby for Sale

    • $1,100,000
      2,970 SF

      Garland Retail with Drive-Thru

      Retail property with drive-thru, equipment, and high-traffic location.
      6318 Broadway Blvd, Garland, TX 75043
      View Details
    • $1,100,000
      2,970 SF

      Broadway Blvd QSR Opportunity

      Garland, TX QSR/Fast Food - Distressed Sale
      6318 Broadway Blvd, Garland, TX 75043
      View Details
    • $1,100,000
      2,970 SF

      High-Traffic Garland Retail Space

      Prime Location, I-30 Visibility, Drive-Thru
      6318 Broadway Blvd, Garland, TX 75043
      View Details
    • $2,310,000
      10,500 SF

      Leased Strip Center in Garland

      100% leased strip center with long-term tenants and ample parking.
      545 Rowlett Rd, 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
    • $2,200,000
      9,874 SF

      Garland Townhome Portfolio: 18 Units

      Luxury Townhomes, High ROI Potential
      3202 Wexford Dr, Garland, TX 75043
      View Details

    Similar Nearby for Lease

    • $750 /Mo
      12,589 SF

      Garland Retail Lot For Rent

      Paved commercial lot with high traffic and excellent business visibility.
      5514 Broadway Blvd, Garland, TX 75043
      View Details
    • Contact for pricing
      17,520 SF

      Harbor Point Retail Center Investment

      Garland, TX Strip Center with Lake Views
      4441 Bass Pro Dr, Garland, TX 75043
      View Details
    • Contact for pricing
      1,540 SF

      Retail Space on Broadway Blvd

      Retail space in established trade area with high traffic.
      5949 Broadway Blvd, Garland, TX 75043
      View Details
    • $835 /Mo
      1,002 SF

      Functional Commercial Space in Garland

      835 sq ft space ideal for office or showroom use.
      350 Oaks Trl, Garland, TX 75043
      View Details
    • $20 SF/Yr
      1,526 SF

      Retail Space with High Visibility

      Retail space with high traffic and great street visibility.
      565 W Oates Rd, 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
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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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