Property profile & analytics
405 Exposition Ave Dallas, TX 75226-1735
- Commercial land
- 0.15 lot acres
OFF-MARKET
Last Sale
Dec 07, 2021
Dec 07, 2021
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US82-0410995
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Commercial land
Property Details for 405 Exposition Ave
- Lot size
- 0.15 lot acres
- Zone code
- Z239
- Property type
- Commercial land
- APN
- 000813000603A0000
- APU
- 000813000603A0000
Description
This exceptional 0.155-acre lot at 405 Exposition Ave, Dallas, TX 75226, presents a fully entitled opportunity to develop a 20-unit multifamily project in the vibrant Deep Ellum neighborhood. Located within the Deep Ellum Public Improvement District (PID), this prime location offers unparalleled access to Dallas's thriving downtown, Uptown, and major highways. The property's zoning (PD 269) allows for immediate construction, eliminating lengthy permitting delays. Benefit from the significant tax advantages of its Opportunity Zone designation, further enhancing the project's financial appeal. Surrounded by affluent neighborhoods with an average household income exceeding $120,000 within a three-mile radius, this development promises strong rental demand. The area's robust job market, with over 132,000 new jobs added in the past year (a 3.3% annual increase), fuels this demand, making this a compelling investment opportunity. The asking price is $1,749,000, translating to a land value of $228.85 per square foot. Capitalize on the surging population growth in the Dallas-Fort Worth Metroplex and the increasing demand for housing in this dynamic area. This is a rare chance to build a thriving multifamily community in one of Dallas's most sought-after locations. The property's strategic position within a rapidly developing area, combined with its fully approved plans and advantageous tax incentives, makes it an ideal investment for discerning developers.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Dallas
- State
- Texas
- Longitude
- -96.772
- Latitude
- 32.7833
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,279
$404,340
$0.00
$404,340
-
$404,340
$0.00
$404,340
