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    833 Balleywood Rd Irving, TX 75060

    For Sale
    $1,500,000

    3-acre residential lot, ideal for BTR.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This 3.02-acre lot, located at 833 Balleywood Rd, Irving, Texas 75060 (APN: 65105573010130000), is offered at $1,500,000. The property is zoned R-7.5 "Single-family Residential," making it suitable for single-family residential development. The land value is $11.40 per square foot, totaling approximately 131,551.2 square feet. A current lease on an existing residence on the property expires May 9, 2025. The property is in Dallas County and is currently undergoing site plan development for single-family residential use. Upon completion, the site plan will be submitted to the city for approval. This presents a unique opportunity for build-to-rent (BTR) development in a desirable Irving location. The property's size and zoning offer significant potential for a profitable investment.

    Property Features for 833 Balleywood Rd

    General Information

    Property type
    Land
    Lot Size
    131,551 SF

    HighLights

    • 3.02‑acre lot in Irving, TX, offered at $1,500,000.
    • Zoned R‑7.5 Single‑family Residential.
    • Land value: $11.40/sq ft, totaling approximately 131,551 sq ft.
    • Existing lease expires May 9, 2025.
    • Site plan development underway for single‑family residential use; suitable for build‑to‑rent (BTR).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -96.929888794046
    Latitude
    32.804779976934

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    FAQs

    What type of property is this?
    Land - 3-acre residential lot, ideal for BTR.
    Where is this land located?
    The property is located at 833 Balleywood Rd Irving, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 3.02-acre lot in Irving, TX, offered at $1,500,000.; Zoned R-7.5 Single-family Residential.; Land value: $11.40/sq ft, totaling approximately 131,551 sq ft.
    (972) 793-3277
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    833 Balleywood Rd Irving, TX 75060
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    Irving, TX 75060
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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
    833 Balleywood Rd Irving, TX 75060
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