You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $9,065,000
Apartment buildings

1933 State Hwy 161 Grand Prairie, TX 75051-3604

116,008 SF 6.79 ac lot Built 1970
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-2064508
Property summary
AI-generated overview

Exceptional investment opportunity awaits at these pad sites located at the intersection of State Highway 161 and Pioneer Parkway in Grand Prairie, Texas, within Dallas County (zip code 75051). These sites are zoned GR-1, General Retail-One District, ideal for a variety of moderate-intensity retail and service businesses. The zoning designation is specifically designed for developments ranging from approximately three to five acres, ensuring compatibility with surrounding areas. This location benefits from exceptionally high traffic volume, boasting 46,200 vehicles per day on State Highway 161 and 23,644 vehicles per day on Pioneer Parkway, providing significant visibility and accessibility for potential businesses. The property's strategic placement near a Walmart anchor store further enhances its appeal and potential for success. All necessary utilities are conveniently located on-site, simplifying the development process and reducing upfront costs. This presents a rare chance to acquire land in a thriving retail corridor with excellent infrastructure and high traffic counts, making it an attractive proposition for investors and developers seeking a strong return on investment. The property's location at 1933 State Highway 161 offers unparalleled exposure and convenience for customers. This is a turnkey opportunity to establish a successful retail presence in a high-demand area.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1970
Construction FRAME
Total area 116,008 SF
Lot 6.79 ac (295,685 SF)
Zoning code Z190
APN 65099130510100000
UPID US82-2064508
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
Current use
Occupant on record · Public records
  • Tree Top Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.03M
Blend (final) Blend
$9.07M
Owner & transaction history
Tree Top 128 LLC · 5 yrs held
Tree Top 128 LLC
since 2020
7 recorded transactions
2020
Price N/A
2015
Price N/A
2007
Price N/A
2007
$2.0M
2006
Price N/A
2006
Price N/A
1969
Price N/A
Zoning & alternative use
Z190 · Grand Prairie, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $14.9M +90.7%
Retail stores $11.0M +41.1%
Auto repair, garage $10.8M +38.7%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1933 State Hwy 161?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message