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Property profile & analytics
OFF-MARKET
Land

0 Firewheel Pkwy Garland, TX 75040

5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 5-acre commercial tract is situated on the south side of Firewheel Parkway in Garland, Texas, between Castle Road and Centerville Road. Boasting approximately 800 feet of frontage, this level lot presents a rare opportunity in a rapidly developing area with limited remaining commercial land along this major thoroughfare. Currently zoned for retail, this property offers significant potential for alternative uses, including townhomes (previously zoned as such in 2005) or senior multi-family housing. The site is easily accessible, with excellent visibility from Firewheel Parkway, a six-lane road with a divided median, providing high traffic exposure. Its strategic location offers proximity to the President George W. Bush Tollway and Firewheel Mall (2 miles west), ensuring convenient access to a large consumer base and strong regional connectivity. The asking price of $1,306,800 represents exceptional value in this competitive market. While 4.25 acres are net of flood plain, the entire 5-acre parcel provides ample space for development. The property's favorable topography and high frontage-to-depth ratio (819) further enhance its development potential. This is a truly unique opportunity to acquire a prime commercial parcel in a high-growth area of Garland.

Property profile
Verified
Property type Land
Lot 5 ac (217,800 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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