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    6421 Broadway Blvd Garland, TX 75043-5944
    Property profile & analytics

    6421 Broadway Blvd, Garland, TX 75043-5944

    View on Map
    • Grocery and convenience stores
    • 4,997 SF
    • 2.40 lot acres
    Off-Market
    Property ID
    US82-5463828
    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
    $825,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • RaceTrac Charging Station / Electric Vehicle Charging Station
    • RaceTrac / Gas Station
    • Waffle House / Restaurant

    Property Details for 6421 Broadway Blvd

    Year built
    2010
    Construction
    STEEL FRAME
    Lot size
    2.40 lot acres
    Zone code
    Z85
    Property type
    Grocery and convenience stores
    APN
    26038660020020000
    APU
    26038660020020000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 4, 2007 — Racetrac Petroleum INC Garland Pro-pretty Ltd Grant Deed · related —
    — — Racetrac Petroleum INC — Deed Of Trust · related $9.8M · Umb Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $729,000
      Market price range: $503k - $729k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,100,000
      COMMERCIAL (GENERAL)
      $720,000
      AUTO REPAIR, GARAGE
      $625,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.5963
    Latitude
    32.8362
    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
    $54,234
    $1,045,440
    $1,324,710
    $2,370,150
    -
    $1,045,440
    $1,324,710
    $2,370,150

    Comparable in this City

    • Value Estimation
      $520,000
      3,977 SF

      501 Interstate 30

      CONVENIENCE STORE
      501 Interstate 30, Garland, TX 75043-4011
      View Details
    • Value Estimation by Request
      2,267 SF

      4102 Bobtown Rd

      CONVENIENCE STORE
      4102 Bobtown Rd, Garland, TX 75043-4001
      View Details
    • Value Estimation
      $1,195,000
      7,318 SF

      4054 Bobtown Rd

      CONVENIENCE STORE
      4054 Bobtown Rd, Garland, TX 75043-4004
      View Details
    • Value Estimation
      $2,320,000
      54,493 SF

      3959 Broadway Blvd

      GROCERY, SUPERMARKET
      3959 Broadway Blvd, Garland, TX 75043-2586
      View Details
    • Value Estimation by Request
      2,200 SF

      1106 Rowlett Rd

      CONVENIENCE STORE
      1106 Rowlett Rd, Garland, TX 75043-2825
      View Details
    • Value Estimation
      $515,000
      4,725 SF

      5825 Broadway Blvd

      CONVENIENCE STORE
      5825 Broadway Blvd, Garland, TX 75043-5821
      View Details

    Similar Nearby for Sale

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      Garland Retail Space - Huge Potential

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      Retail Space Beauty Salon

      Retail space suitable as a beauty salon for sale.
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      2,970 SF

      Restaurant Building with Drive-Thru

      Former restaurant with drive-thru, great location, investment opportunity.
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      Leased Retail Strip Center

      Fully leased retail strip center with long-term tenants.
      545 Rowlett Rd, Garland, TX 75043
      View Details
    • $2,399,000
      244,676 SF

      Prime Commercial Land For Sale

      Three parcels of land suitable for various commercial developments.
      4801 Broadway Blvd, Garland, TX 75043
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    Similar Nearby for Lease

    • Contact for pricing
      1,526 SF

      Retail Space with High Visibility

      Retail space with high traffic and great street visibility.
      565 W Oates Rd, Garland, TX 75043
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    • Contact for pricing
      3,000 SF

      Retail Space in Garland, TX

      Retail space for lease in a prime Garland location.
      5826 Bdwy Blvd, Garland, TX 75043
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      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
    • Contact for pricing
      1,221 SF

      Retail Space Near Interstate 30

      Retail space with high visibility and accessibility near I-30.
      429 E Ih 30, Garland, TX 75043
      View Details
    • Contact for pricing
      1,500 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
      26,160 SF

      Retail Space in High-Traffic Area

      Retail space available in a super-regional trade area.
      3161 Broadway Blvd, Garland, TX 75043
      View Details

    Property Visit Statistics

    • Visits by month
      45.0k
    • Visitors by month
      29.3k
    • Avg Time on site
      9 min
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    Garland, TX 75043-5944
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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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