Commercial real estate in Carrollton, Texas, offers a unique investment opportunity for those looking to capitalize on the city's growing economy. As a suburb of Dallas, Carrollton has developed its own economic identity, with a diverse range of industries, including technology, hospitality, and retail. This diversity is reflected in the various types of commercial properties available, from office spaces to retail centers, each offering a unique investment opportunity. Carrollton's strategic location, with access to major highways, public transportation, and proximity to airports, makes it an attractive location for businesses. The city's amenities, including the Carrollton Public Library and the 13,000-capacity Tommy Standridge Stadium, also contribute to its appeal. With a strong government and a growing population of around 130,000, Carrollton is an ideal location for businesses and investors alike. The city's attractions, such as the Festival at the Switchyard and the Carrollton Trails Festival, also make it a great place for business and travel.
Carrollton's commercial real estate market offers a range of opportunities, with 55 listings available. The average price per square foot is $401 USD, and the average size of commercial properties is 60,815 square feet, with the largest property spanning 175,012 square feet. The average cap rate is 6.57%. In addition to commercial properties, Carrollton is also home to industrial properties, apartment buildings, office properties, and hotels, each offering a unique investment opportunity. Industrial properties in Carrollton offer a range of possibilities, from manufacturing to logistics and distribution. Apartment buildings in Carrollton provide a steady income stream, while office properties offer a range of possibilities, from corporate headquarters to coworking spaces. Hotels in Carrollton cater to the city's growing tourism industry, with many attractions and events drawing visitors to the area. Overall, Carrollton's commercial real estate market offers a range of opportunities for investors and businesses alike.
What financing options are available for purchasing commercial real estate?
When considering purchasing commercial real estate in Carrollton, Texas, there are several financing options available to investors, including:
- Traditional commercial mortgages offered by banks and credit unions, which typically require a 20-30% down payment and offer fixed or adjustable interest rates.
- Small Business Administration (SBA) loans, which provide more favorable terms, such as lower down payments and longer repayment periods, for qualified small businesses.
- Alternative financing options, such as private money lenders and hard money loans, which may offer more flexible terms and faster approval processes, but often at higher interest rates.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Carrollton, Texas, cap rates play a crucial role in determining the potential return on investment. With an average cap rate of 6.57%, investors can gauge the property's income-generating potential, helping them make informed decisions about their commercial real estate investments; for a more in-depth understanding of cap rates, check out our article on what is a cap rate.
In Carrollton, where there are currently 55 available listings of commercial real estate, understanding cap rates is essential for investors to navigate the local market, which is characterized by a diverse range of businesses, including technology, hospitality, and retail companies, as well as a strong presence of Asian restaurants and businesses in Koreatown Carrollton.
What is considered a commercial property?
In Carrollton, Texas, a commercial property is generally considered to be a building or land used for business or commercial purposes, such as office spaces, retail stores, restaurants, warehouses, and other types of properties that generate income. With 55 available listings of commercial real estate in Carrollton, investors and business owners have a range of options to choose from, with average prices per square foot at $401 USD and average sizes ranging from 60,815 square feet to 175,012 square feet, offering opportunities for businesses of all sizes.
