3822 Illinois Ave Dallas, TX 75211
This exceptional 0.81-acre commercial land parcel presents a unique investment opportunity in Dallas County. Ideally situated off Valleria Drive and West Illinois Avenue, this property benefits from its location in one of the DFW metroplex's fastest-growing submarkets. The site's strategic positioning ensures high visibility and accessibility, surrounded by major employers, driving significant potential for business growth. The property includes an existing 8,510 square foot prefabricated building, offering immediate occupancy or redevelopment potential. Its proximity to a retail center anchored by Fiesta and Marshall's, along with other established businesses such as Waffle House, O'Reilly's, and Chase Bank, further enhances its desirability. The land is designated as a "Development by Right" pad site, streamlining the development process and minimizing potential delays. This prime location, combined with the existing building and convenient access to major thoroughfares, makes this an exceptional opportunity for investors seeking a high-growth area with established infrastructure and strong tenant potential. The single-tenant configuration offers flexibility for a variety of commercial uses. This property is ready for immediate development or occupancy, presenting a compelling investment opportunity in a thriving Dallas County market.
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
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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.