219 Dallas Ave Lancaster, TX 75146
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.