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0 Lake Ridge Pkwy Grand Prairie, TX 75052

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

Property summary

AI-generated overview

This exceptional 39.7-acre tract is ideally situated in the heart of South Grand Prairie, Texas, at the southwest corner of Great Southwest Parkway and Lake Ridge Parkway, just south of I-20. The property's strategic location offers unparalleled access to major transportation arteries and is surrounded by a thriving mix of existing single-family homes, commercial businesses, and retail establishments. Nearby amenities include Methodist Urgent Care and Medical City Family Medicine, highlighting the area's strong medical presence. The land is zoned PD-52 (SF-1), presenting versatile development opportunities for both residential and commercial projects. The asking price is $4,323,330, reflecting a recent price reduction in June 2023. Essential utilities, including water, sewer, and electricity, are available according to city records. Furthermore, any previous capped well and production equipment have been removed as of Spring 2023, simplifying development plans. The property falls within the Arlington ISD school district. This presents a unique chance to acquire a significant land parcel in a rapidly growing area with excellent infrastructure and a diverse range of existing businesses and residential communities. The property's size and location make it an attractive investment for developers seeking to capitalize on the area's continued expansion.

Property profile

Verified
Property type Land
Lot 39.7 ac (1,729,332 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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