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    Commercial Land Lot Package Title is generated by Realmo AI

    1721 Udal Avenue, Dallas, TX 75217

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    LAND - Dallas, TX

    Lot size:
    0.16 Acres
    Added:
    Jul 24, 2025
    Days on Market:
    315
    Last Refresh:
    Jun 3 at 11:06 pm

    Property Features for 1721 Udal Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    00000781729000000
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Description
    ROOSEVELT PLACE BLK 9/7981 LOT 23 PROB85-0354
    Tax Annual Amount
    70

    We can help!

    Listing Contact
    Kathleen Copeland

    Listing agent Kathleen Copeland License #0631287

    Listing office Versant Irving, TX

    Listing date Jul 24, 2025

    MLS# 21012203 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 6 lots being sold together, with 5 contiguous lots at 1715, 1717, 1719, 1721, and 1725 Udal
    • 1704 Tune is adjacent to the contiguous 5‑lot group
    • Per City of Dallas, all lots are zoned commercial
    • All lots sit in a flood plain (per City of Dallas)
    • Mineral rights will need to be confirmed by the buyer
    • Seller inherited and has never seen or set foot on the lots

    Overview

    This offering includes one (1) of six (6) commercial lots being sold together, with five (5) contiguous lots and a sixth included in the package. The individual lots are identified as 1715, 1717, 1719, 1721, and 1725 Udal, with 1704 Tune described as adjacent. The seller inherited the property and has never seen the lots or set foot on them, so buyers should rely on their own due diligence regarding site conditions and development feasibility. Mineral rights are to be confirmed by the buyer, and the seller and broker make no claims regarding what may or cannot be constructed.

    The parcels are located just minutes from downtown Dallas. According to the City of Dallas, the lots are zoned commercial, and the property is noted as sitting in a flood plain.

    This is a practical option for investors or developers seeking a small multi-lot land position with commercially zoned status, balanced by the need to confirm flood plain impacts and any development constraints during due diligence. Buyers should plan for independent verification of buildability, utilities, access, and mineral rights prior to closing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Auto Parts Store Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.724585
    Latitude
    32.740326

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    FAQs

    What type of property is this?
    Commercial land - Six-lot package offers commercially zoned land in a flood plain near downtown Dallas.
    Where is this commercial land located?
    The property is located at 1721 Udal Avenue Dallas, TX.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 6 lots being sold together, with 5 contiguous lots at 1715, 1717, 1719, 1721, and 1725 Udal; 1704 Tune is adjacent to the contiguous 5‑lot group; Per City of Dallas, all lots are zoned commercial
    (214) 697-9739
    We can help!
    Listing Contact
    Kathleen Copeland
    Real Estate License ID: 0631287
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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.

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