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1409 Sultan Dr Grand Prairie, TX 75051

OFF-MARKET Land Google Maps
4.39 ac lot
Estimated value
No estimation on file for this property yet.
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

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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