1409 Sultan Dr, Grand Prairie, TX 75051
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.