Industrial Redevelopment Land with
1401 Leyfair Drive Grand Prairie, TX 75050
1401 Leyfair Drive, Grand Prairie, TX, 75050
$399,900
For Sale
$399,900
0.61-acre industrial lot with an on-site 1,840 sq ft, four-bedroom home and a large storage building.
Property Size1,840 SF
Lot Size0.61 Acres
Price / SF$217.34
Days on Market66
Property Features for 1401 Leyfair Drive
General Information
- Standard status
- Active
- Size
- 1,840 SF
- Lot size
- 0.61 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1952
Listing agency
Regal, REALTORS
(214) 893-2920
Listed by
Julie Samano
(214) 893-2920
Source
Signaturere
Added: May 18 Updated: Jul 22 at 11:58AM Checked: Jul 22 at 11:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Regal, REALTORS
Investment Insights
Based on property information with market context.
The offering is an industrial land parcel with an existing 1,840-square-foot, four-bedroom, two-bath home and a large on-site storage building. The property is being presented for full redevelopment, with the existing improvements providing immediate utility for contractors, small businesses, or investors seeking flexibility on-site.
The property is located at 1401 Leyfair Drive in Grand Prairie, Texas, in the Leyfair industrial corridor. The immediate area is described as an established commercial and industrial district where surrounding residential structures have already been replaced by business operations.
At 0.61 acres, the site provides a land-value basis for rebuilding new commercial, industrial, or flex-use improvements while retaining a functional existing structure and storage component during initial planning and setup.
The property is located at 1401 Leyfair Drive in Grand Prairie, Texas, in the Leyfair industrial corridor. The immediate area is described as an established commercial and industrial district where surrounding residential structures have already been replaced by business operations.
At 0.61 acres, the site provides a land-value basis for rebuilding new commercial, industrial, or flex-use improvements while retaining a functional existing structure and storage component during initial planning and setup.
Key Highlights
- 0.61‑acre industrial lot with existing 1,840 SF, 4‑bedroom / 2‑bath home
- Large on‑site storage building included
- Year built: 1952
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.6k | $15.00 |
| − Vacancy | −$966 | −$0.53 |
| EGI | $26.6k | $14.48 |
| − OpEx | −$4.0k | −$2.17 |
| NOI | $22.6k | $12.30 |
1,840 SF · lease $15.00/SF/yr · vacancy 3.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$323.4K
$283.0K – $377.3K
NOI $22,639 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$517.3K
$452.6K – $603.5K
NOI $36,211 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Industrial land
Similar For Sale Nearby
FAQs
What type of property is this?
Industrial land - 0.61-acre industrial lot with an on-site 1,840 sq ft, four-bedroom home and a large storage building.
Where is this industrial land located?
The property is located at 1401 Leyfair Drive Grand Prairie, TX.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 0.61‑acre industrial lot with existing 1,840 SF, 4‑bedroom / 2‑bath home; Large on‑site storage building included; Year built: 1952
