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    Forum Dr Grand Prairie, TX 75052

    For Sale
    $2,100,000

    1.1-Acre Pad Site, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 1.1-acre commercial land parcel presents a unique investment opportunity in Grand Prairie, Texas. Located at a highly visible, lighted intersection on Forum Dr, this property boasts unparalleled access and visibility to over 193,077 vehicles daily on State Hwy 161 (PGBT). Zoned Z236, it's ideally suited for retail, dining, or service-oriented businesses. Utilities are already on-site, allowing for immediate development. The strategic location offers excellent connectivity to I-20, ensuring easy access for customers. Situated within the thriving Dallas-Fort Worth Metroplex, this site benefits from a robust customer base drawn from affluent surrounding communities and is adjacent to upscale residential developments and major retailers including IKEA, Bass Pro Shops, Hobby Lobby, Top Golf, and Andretti Indoor Karting & Games. The property is available for purchase at $2,100,000 or via a ground lease option. This prime location offers significant potential for growth and return on investment in one of Texas's fastest-growing areas. Don't miss this chance to secure a premier commercial site in the heart of the DFW Metroplex. The property is in Dallas County, Texas, zip code 75052.

    Property Features for 0 Forum Dr

    General Information

    Property type
    Land

    HighLights

    • 1.1‑acre prime commercial lot, ideal for retail, restaurants, or service businesses.
    • High‑traffic location with excellent visibility and frontage on State Hwy 161 (PGBT), boasting over 193,077 vehicles daily.
    • Utilities available, ready for immediate development.
    • Convenient access to I‑20 for easy commutes.
    • Central DFW Metroplex location, drawing from affluent surrounding communities.
    • Located near upscale residential and retail developments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Grand Prairie
    County
    Dallas
    State
    Texas
    Longitude
    -97.023511487454
    Latitude
    32.681475274877

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    FAQs

    What type of property is this?
    Land - 1.1-Acre Pad Site, High Visibility
    Where is this land located?
    The property is located at Forum Dr Grand Prairie, TX.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: 1.1-acre prime commercial lot, ideal for retail, restaurants, or service businesses.; High-traffic location with excellent visibility and frontage on State Hwy 161 (PGBT), boasting over 193,077 vehicles daily.; Utilities available, ready for immediate development.
    (214) 373-8300
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    Forum Dr Grand Prairie, TX 75052
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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
    Forum Dr Grand Prairie, TX 75052
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