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    1400 Firebird Drive, Dallas, TX 75241

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    For Sale
    $230,000

    LAND - Dallas, TX

    Lot size:
    2.39 Acres
    Added:
    Aug 7, 2025
    Days on Market:
    301
    Last Refresh:
    Jun 3 at 11:06 am

    Property Features for 1400 Firebird Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    00000644882500000
    Lot size
    2.39 Acres

    We can help!

    Listing Contact
    Thomas Dolan

    Listing agent Thomas Dolan License #0757538

    Listing office Fathom Realty LLC Colleyville, TX

    Listing date Aug 7, 2025

    MLS# 20974986 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

    • Development‑ready single‑family site in southern Dallas directly adjoining a 22‑lot pre‑platted PD‑658 subdivision at 1501 E Camp Wisdom Rd.
    • Combined assemblage with 1400 Firebird Dr offers approximately 7.84 acres of development‑ready land.
    • Zoned R‑7.5(A) and compatible with adjacent Planned Development (PD‑658).
    • Site is cleared and surveyed, ready for development, with potential for inclusion in a unified plat/build‑ready package.
    • Potential to support a combined 32‑lot residential subdivision, with room to add a community park or open space amenity.
    • In close proximity to UNT Dallas, DART Rail, and major highways.

    Overview

    This development site at 1400 Firebird Drive is cleared and surveyed, positioned for near-term residential buildout. The property is zoned R-7.5(A), and the surrounding development context includes compatibility with the adjacent Planned Development (PD-658) subdivision at 1501 E Camp Wisdom Rd. The opportunity can also be considered as part of a larger assemblage, with nearby property referenced as 1400 Firebird Dr in the remarks, creating an expanded development-ready package intended to support a neighborhood layout.

    The site benefits from direct adjacency to the pre-platted PD-658 development at 1501 E Camp Wisdom Rd, supporting the concept of a unified plat or build-ready arrangement. The remarks also note the availability of space for an optional community park or open space amenity. Additional context provided places the location near UNT Dallas and DART Rail, with access to major highways, in an area described as experiencing rapid residential and commercial growth.

    For homebuilders and investors, this land is a practical fit for a single-family focused subdivision plan, especially when coordinated with the adjacent PD-658 development. The cleared, surveyed condition and stated zoning compatibility are designed to help reduce early-site friction, while the broader assemblage concept offers flexibility for creating a cohesive neighborhood with both homes and green space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.7973823
    Latitude
    32.6647921

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    FAQs

    What type of property is this?
    Residential land & home lot - Cleared, surveyed land zoned for single-family development with potential for cohesive residential expansion.
    Where is this residential land & home lot located?
    The property is located at 1400 Firebird Drive Dallas, TX.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: Development‑ready single‑family site in southern Dallas directly adjoining a 22‑lot pre‑platted PD‑658 subdivision at 1501 E Camp Wisdom Rd.; Combined assemblage with 1400 Firebird Dr offers approximately 7.84 acres of development‑ready land.; Zoned R‑7.5(A) and compatible with adjacent Planned Development (PD‑658).
    (888) 455-6040
    We can help!
    Listing Contact
    Thomas Dolan
    Real Estate License ID: 0757538
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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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