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Property profile & analytics
OFF-MARKET
Land

219 Dallas Ave Lancaster, TX 75146

10.22 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 10.218-acre commercial land parcel in Wilmer, Texas, presents a compelling investment opportunity. Strategically located just six blocks from Interstate 45 and six miles from the I-20 and I-45 interchange, this property benefits from its proximity to the DalPort Trade Center and a burgeoning industrial corridor. The area has experienced significant growth, attracting numerous national manufacturing and shipping warehouses. While currently zoned C-1 Restricted Commercial and partially residential, the city of Wilmer is receptive to rezoning applications, recognizing the need for further industrial expansion in this rapidly developing area. The property comprises four contiguous lots, including 200 Ferris Street and portions of Belt Line and South Dallas Avenue. Existing structures on some lots (three metal buildings and a home) will not be included in the sale. The land's value is $3.37 per square foot, totaling an asking price of $1,500,000. An electrical substation is situated nearby, providing convenient access to power infrastructure. This prime location offers significant potential for future development, capitalizing on the area's robust industrial growth and strategic transportation links. The largest unimproved portions are located at 200 Ferris St. and 37 Belt Line.

Property profile
Verified
Property type Land
Lot 10.22 ac (445,096 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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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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