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    1202 Ih & Peninsula Way Garland, TX 75043

    For Sale
    Contact for pricing

    .46-acre residential lot, ideal for multifamily.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional .46-acre lot, situated at the southeast corner of 1202 East I-30 and Peninsula Way in Garland, Texas, presents a unique development opportunity. Zoned for Planned Development (Multifamily), this property is ready for immediate construction. Its location within Garland ISD offers convenient access to excellent schools. The site boasts on-site water and sewer utilities, simplifying the development process. The high-traffic intersection of I-30 and Peninsula Way provides exceptional visibility and accessibility, further enhanced by the surrounding retail and restaurant establishments. Several new multifamily projects in the immediate vicinity underscore the area's strong demand and growth potential. With an estimated daily traffic volume on I-30 of approximately 4,137 vehicles, this location offers unparalleled exposure for any development. This central location makes it ideal for a compact, thriving neighborhood, offering residents easy access to amenities and transportation. The property's .46-acre size allows for efficient and effective development, maximizing the potential return on investment. This is a rare opportunity to acquire a prime development site in a rapidly growing area of Garland, Texas. Don't miss out on this chance to build your next successful project.

    Property Features for 1202 Ih & Peninsula Way

    General Information

    Property type
    Land
    Lot Size
    20,038 SF

    HighLights

    • On‑site water utilities.
    • On‑site sewer utilities.
    • ±4,137 square feet of building area.
    • Located in the Garland ISD.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.5515766
    Latitude
    32.8531543

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    FAQs

    What type of property is this?
    Land - .46-acre residential lot, ideal for multifamily.
    Where is this land located?
    The property is located at 1202 Ih & Peninsula Way Garland, TX.
    What are key features of this property?
    This property features: On-site water utilities.; On-site sewer utilities.; ±4,137 square feet of building area.
    Request Owner's contact information
    1202 Ih & Peninsula Way Garland, TX 75043
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    Realmo Value Estimation

    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.

    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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1202 Ih & Peninsula Way Garland, TX 75043
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