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    Mayfield Rd Arlington, TX 75052

    For Sale
    $140,000

    Prime Arlington, TX commercial land for lease. Ideal QSR or bank site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional commercial land parcel, located on E Mayfield Rd in Grand Prairie, Texas (Tarrant County, zip code 75052), offers a unique ground lease opportunity. The site boasts a size ranging from 0.955 to 2.58 acres, providing flexibility to accommodate various development needs. Situated at a signalized intersection, this property benefits from excellent visibility and accessibility. The location is strategically positioned near major retail anchors, including a new IKEA, future Bass Pro Shops, and future Andretti Indoor Karting, ensuring high traffic volume and strong consumer draw. Further enhancing its appeal, the area is experiencing significant residential growth, with over 2,000 new multifamily units either recently completed or currently under construction within a one-mile radius. Utilities are available on-site, and the property features convenient left-in/left-out access. The asking price for the ground lease is $160,000 per year for an initial 15-year term, with options for extension and built-in rent increases. The favorable zoning makes this an exceptional investment opportunity for quick-service restaurants (QSRs) or banking institutions. The APN is 28978880060010000. Site size can be adjusted to meet specific requirements.

    Property Features for 0 Mayfield Rd

    General Information

    Property type
    Land
    Lot Size
    41,818 SF

    HighLights

    • Signalized intersection with excellent visibility and accessibility.
    • Shadow‑anchored by IKEA, future Bass Pro Shops, and future Andretti Indoor Karting, ensuring high traffic.
    • Utilities available on‑site.
    • Convenient left‑in/left‑out access.
    • Favorable zoning for QSRs and banking institutions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.018304281766
    Latitude
    32.691688493031

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    FAQs

    What type of property is this?
    Land - Prime Arlington, TX commercial land for lease. Ideal QSR or bank site.
    Where is this land located?
    The property is located at Mayfield Rd Arlington, TX.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: Signalized intersection with excellent visibility and accessibility.; Shadow-anchored by IKEA, future Bass Pro Shops, and future Andretti Indoor Karting, ensuring high traffic.; Utilities available on-site.
    Request Owner's contact information
    Mayfield Rd Arlington, TX 75052
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    Arlington, 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
    Mayfield Rd Arlington, TX 75052
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