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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    723 Miller Rd Garland, TX 75041-2022

    • Strip malls
    • 4,849 SF
    • 0.48 lot acres
    OFF-MARKET
    Value Estimations
    $325,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3495016
    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

    • On A Run Food Store / Convenience Store
    • ATM / Atm
    • GetCoins Bitcoin ATM / Atm

    Property Details for 723 Miller Rd

    Year built
    1961
    Construction
    FRAME
    Lot size
    0.48 lot acres
    Property size
    4,849 SF
    Zone code
    Z90
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    26136500020010000
    APU
    26136500020010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $350,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $302,000
      Market price range: $121k - $348k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $245,000
      Current use
      MEDICAL BUILDING
      $430,000
      Change: +74% Conversion: Difficult
      OFFICE BUILDING
      $425,000
      Change: +73% Conversion: Moderate
      RETAIL STORES
      $415,000
      Change: +68% Conversion: Easy
      COMMERCIAL (GENERAL)
      $225,000
      Change: -9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.6227
    Latitude
    32.8945
    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
    $11,746
    $62,140
    $451,190
    $513,330
    -
    $62,140
    $451,190
    $513,330

    Comparable in this City

    • Value Estimation
      $810,000
      81,760 SF

      861 Miller Rd

      SHOPPING CENTER, STRIP CENTER • 81,760 SF
      861 Miller Rd, Garland, TX 75041-1811
      View Details
    • Value Estimation
      $780,000
      18,700 SF

      1401 Nwnw Hwy

      SHOPPING CENTER, STRIP CENTER • 18,700 SF
      1401 Nwnw Hwy, Garland, TX 75041-5264
      View Details
    • Value Estimation
      $270,000
      3,731 SF

      1441 Kingsley Rd

      SHOPPING CENTER, STRIP CENTER • 3,731 SF
      1441 Kingsley Rd, Garland, TX 75041-4225
      View Details
    • Value Estimation
      $730,000
      33,363 SF

      1250 Nwnw Hwy

      SHOPPING CENTER, STRIP CENTER • 33,363 SF
      1250 Nwnw Hwy, Garland, TX 75041-5851
      View Details
    • Value Estimation
      $515,000
      13,200 SF

      1501 Miller Rd

      SHOPPING CENTER, STRIP CENTER • 13,200 SF
      1501 Miller Rd, Garland, TX 75041-1519
      View Details
    • Value Estimation by Request
      4,000 SF

      305 Centerville Rd

      SHOPPING CENTER, STRIP CENTER • 4,000 SF
      305 Centerville Rd, Garland, TX 75041-5409
      View Details

    Similar Nearby for Sale

    • New
      $1,450,000
      3,210 SF

      Turnkey Car Dealership on Garland

      Equipped car dealership with office, storage, and mechanic shop.
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      2,968 SF

      Retail Property with Highway Frontage

      Retail property in Garland, TX, with highway access and billboard.
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      105,279 SF

      Garland Industrial Property - Huge Potential

      105,279 SF, High-Ceiling Warehouse, Ample Parking
      2917 Garland Ave, Garland, TX 75041
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      Versatile Retail and Industrial Property

      6.97-acre property with warehouse, retail potential, ample parking.
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      1.26 Acres

      Seq I-635 & Centerville Rd

      Land • 1.26 Acres
      0 Seq I-635 & Centerville Rd, Dallas, TX 75041
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    • Contact for pricing

      Garland Commercial Land Opportunity

      Prime 22,782 SF Commercial Lot
      529 Centerville Rd, Garland, TX 75041
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,050 SF

      Retail Space in Garland, Texas

      Fiesta-anchored shopping center with 6,050 SF endcap available for rent.
      3050 S 1St St, Garland, TX 75041
      View Details
    • Contact for pricing
      20,167 SF

      Garland Executive Office Space

      Prime Garland location, 5,068 sq ft available.
      1015 Centerville Rd, Garland, TX 75041
      View Details
    • Contact for pricing
      90,459 SF

      Garland Retail Center Opportunity

      Prime Garland retail space, multiple units available.
      0 Centerville Rd. & Hwy, Garland, TX 75041
      View Details
    • Contact for pricing
      78,643 SF

      Ridgewood Court Retail Center

      Garland, TX Neighborhood Center - Multiple Spaces Available
      0 Kingsley &, Garland, TX 75041
      View Details
    • Contact for pricing
      30,000 SF

      Retail Space in Garland, Texas

      30,000 SF retail space with ample parking.
      822 E Centerville Rd, Garland, TX 75041
      View Details
    • Contact for pricing
      800 SF

      Retail Center at First & Kingsley

      81,127 SF retail center with diverse tenant mix.
      150 W Kingsley Rd, Garland, TX 75041
      View Details
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    723 Miller Rd
    Garland, TX 75041-2022
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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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