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    OFF-MARKET
    Land

    1409 Sultan Dr, Grand Prairie, TX 75051

    4.39 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 4.39-acre commercial land parcel in Grand Prairie, Texas, presents a remarkable opportunity for townhome development. Located in Dallas County at 1409 Sultan Dr, zip code 75051, this property boasts 40 fully developed lots, ready for immediate construction. The convenient location offers easy access to major thoroughfares like George Bush Highway and Robinson Road, providing excellent connectivity for future residents. The site's proximity to Lockheed Martin and other significant employers ensures a strong potential tenant pool. An independent bank appraisal values the land at $4.7 million, making the asking price of $4 million significantly below appraisal, representing exceptional value for the buyer. All necessary groundwork has been completed, allowing a builder to commence construction without delay. This prime location and the ready-to-build status of the lots make this an ideal investment for developers seeking a high-return project in a thriving Texas market. Detailed information is available upon request.

    Property profile
    Verified
    Property type Land
    Lot 4.39 ac (191,228 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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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