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    Dallas Land Ready for Development Title is generated by Realmo AI

    3515 Jamaica Street, Dallas, TX 75210

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    For Sale
    $44,900

    Unimproved Land - Dallas, TX

    Type:Unimproved Land
    Lot size:
    0.16 Acres
    Added:
    Apr 9, 2026
    Days on Market:
    31
    Last Refresh:
    May 9 at 5:06 pm

    Property Features for 3515 Jamaica Street

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    00000178522000000
    Lot size
    0.16 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Delia Garcia

    Listing agent Delia Garcia License #0705839

    Listing office Delia M Garcia Realty 4230 LBJ Freeway, Ste 320, Dallas, TX

    Listing date Apr 9, 2026

    MLS# 21158041 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

    • Ready to be zoned commercial land, conveniently located near the Cotton Bowl and Fair grounds.
    • Great opportunity to own land in a developing Dallas area.
    • Perfect spot for one way traffic coming into 2nd Ave and parking lot onto Jamaica Street.
    • Property available to be sold in connection with 2416 S 2nd Ave.
    • Property could host a shopping strip to include a laundromat, cell phone servicer, barber or beauty shop, and more.
    • Both lots must be sold in tandem and Jamaica lot is negotiable.

    Overview

    This unimproved land is ready to be zoned for commercial use and is located in close proximity to the Cotton Bowl and fairgrounds. The property is available for sale in conjunction with 2416 S 2nd Ave. Due to a storm drain easement, residential construction is not permitted on this land. A survey is available. Prospective buyers are advised to conduct due diligence with the City of Dallas to determine how the two lots can be replatted and how 3515 Jamaica Street can be converted to other uses. The area is near the Cotton Bowl, commercial venues, and new construction. This presents an opportunity to own land in a developing area of Dallas. Both lots must be sold together, and the Jamaica Street lot is negotiable in the sales price. The location is suitable for one-way traffic entering 2nd Ave and a parking lot onto Jamaica Street. The property could accommodate a shopping strip with businesses such as a laundromat, cell phone service provider, barber or beauty shop, mail center, insurance vendor, dentist or physician, dollar store, or other essential needs for the developing neighborhood. The lot size is approximately 0.16 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.753514
    Latitude
    32.769584

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    FAQs

    What type of property is this?
    Commercial land - Unimproved land near Cotton Bowl, suitable for commercial development.
    Where is this commercial land located?
    The property is located at 3515 Jamaica Street Dallas, TX.
    What is the asking price?
    The asking price for this property is $44,900.
    What are key features of this property?
    This property features: Ready to be zoned commercial land, conveniently located near the Cotton Bowl and Fair grounds.; Great opportunity to own land in a developing Dallas area.; Perfect spot for one way traffic coming into 2nd Ave and parking lot onto Jamaica Street.
    (972) 789-1484
    We can help!
    Listing Contact
    Delia Garcia
    Real Estate License ID: 0705839
    Learn More
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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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