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    810 Centerville Rd Garland, TX 75041-5800
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    Property profile & analytics

    810 Centerville Rd, Garland, TX 75041-5800

    View on Map
    • Apartment buildings
    • 70,321 SF
    • 6.28 lot acres
    Off-Market
    Last Sale Dec 2, 2020
    Property ID
    US82-0757980
    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
    $7,775,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 810 Centerville Rd

    Year built
    1970
    Construction
    FRAME
    Lot size
    6.28 lot acres
    Zone code
    Z239
    Property type
    Apartment buildings
    APN
    26368500010020000
    APU
    26368500010020000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 2, 2020 — 834 Centerville Crossing LLC Centerville Crossing Ptshp Ltd Quit Claim Deed · related $10.1M · Collier Mtg
    Feb 1, 2001 — Centerville Crossing Ptshp Ltd Paciville INC Grant Deed $3.2M · Morgan Guaranty Trust Co Ny
    — — Centerville Crossing Ptshp Ltd — Deed Of Trust · related $3.4M · Arbor Commercial Funding LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $6,121,000
      Market price range: $1.82M - $6.12M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $4,800,000
      Current use
      RESTAURANT
      $9,980,000
      Change: +108% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $8,790,000
      Change: +83% Conversion: Difficult
      MEDICAL BUILDING
      $6,215,000
      Change: +29% Conversion: Moderate
      OFFICE BUILDING
      $6,175,000
      Change: +29% Conversion: Moderate
      RETAIL STORES
      $6,000,000
      Change: +25% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.6427
    Latitude
    32.8597
    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
    $270,007
    $2,735,470
    $9,064,530
    $11,800,000
    -
    $2,735,470
    $9,064,530
    $11,800,000

    Comparable in this City

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      $2,760,000
      70,868 SF

      901 Centerville Rd

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    • Value Estimation
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      119,397 SF

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    • Value Estimation
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      111,471 SF

      4250 Saturn Rd

      APARTMENT HOUSE (5+ UNITS)
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      55,133 SF

      2900 5th St

      APARTMENT HOUSE (5+ UNITS)
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    • Value Estimation
      $1,475,000
      28,880 SF

      724 Miller Rd

      APARTMENT HOUSE (5+ UNITS)
      724 Miller Rd, Garland, TX 75041-1876
      View Details
    • Value Estimation
      $1,955,000
      46,651 SF

      1221 Miller Rd

      APARTMENT HOUSE (5+ UNITS)
      1221 Miller Rd, Garland, TX 75041-1789
      View Details

    Similar Nearby for Sale

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      $1,350,000
      4,160 SF

      Well-Maintained Quadplex Income Property

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      Development-Ready Land in Garland, TX

      Infill pad sites in active retail corridor, development-ready land.
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    • New
      $675,000
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    • New
      $699,000
      4,160 SF

      Leased Fourplex with Private Entries

      100% leased fourplex with four 2-bedroom units and in-unit washer-dryer connections.
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    • New
      $675,000
      0.32 Acres

      Well-Maintained Quadplex with Updated Systems

      Four 2-bedroom units with individual utility meters and recent HVAC, plumbing, and foundation work supporting stable income.
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    • Contact for pricing
      1,656 SF

      Fee Simple NNN Property

      Commercial property for sale with absolute NNN lease.
      601 W Centerville Rd, Garland, TX 75041
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    Similar Nearby for Lease

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      40,000 SF

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      40000 sqft specialty property available for rent.
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      Automotive Sales Opportunity in Garland

      Prime corner lot suitable for a small car dealership.
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      1,940 SF

      Retail Space in Meadow Creek

      Retail space available in a busy Garland shopping center.
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      2,141 SF

      Retail Space in Garland, Texas

      Retail space available in Meadow Creek Village Shopping Center.
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      View Details
    • Contact for pricing
      86,240 SF

      Industrial Space with Fenced Storage

      Industrial space featuring fenced outside storage and easy highway access.
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    Garland, TX 75041-5800
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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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