4211 Gaston Ave Dallas, TX 75246
This exceptional Dallas County investment opportunity presents a unique blend of existing income potential and significant future development upside. The property, located at 4211 Gaston Ave in the 75246 zip code, encompasses a 0.536-acre lot (23,356 square feet) and features a two-story, 5,300 square foot building constructed in 2005. Currently configured as four individual units, each with approximately 1,300 square feet of ground floor space and 450 square feet of second-floor space, the building is zoned for Planned Development. The existing units, each with two bedrooms and two bathrooms, could be easily converted into four approximately 1,750 square foot retail or office spaces with a relatively low conversion cost. A substantial 10,500 square foot pad site is also available at the front of the property, offering ample space for additional development, ground lease, or sale. The property benefits from its convenient location near Central Expressway (Hwy 75), providing easy access to Downtown Dallas, Uptown, and Knox/Henderson. This presents a rare chance to acquire a versatile property in a rapidly developing area with strong potential for immediate and long-term returns. The building's existing infrastructure, including drives and parking, further enhances its appeal.
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SLJ Company Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
Z239 · Dallas, TXCosts & 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.