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Property profile & analytics
OFF-MARKET Estimated value $520,000
Apartment buildings

4211 Gaston Ave Dallas, TX 75246

5,300 SF 0.54 ac lot Built 2005
Entity Owned 10-yr Hold Free & Clear
Property ID
US82-3528904
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 2005
Construction FRAME
Total area 5,300 SF
Lot 0.54 ac (23,310 SF)
Zoning code Z239
APN 124108000000
UPID US82-3528904
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
  • SLJ Company Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$465k
CAP Approach CAP
by Request
Comparable Approach Comparable
$574k
Blend (final) Blend
$520k
Owner & transaction history
Mi-gaston Partners Ltd · 10 yrs held
Mi-gaston Partners Ltd
since 2016
1 recorded transaction
2016
Price N/A
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $745,000 +65.9%
Auto repair, garage $620,000 +37.6%
Retail stores $555,000 +23.5%
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