5007 Ivy Ln Dallas, TX 75241
This exceptional 12,747-square-foot special purpose property, built in 1994, is ideally situated in Dallas, Texas, at 5007 Ivy Ln, 75241. Currently undergoing renovations, this versatile building offers a multitude of uses, including a church, daycare center, event venue, school, or office space. The property boasts two sanctuaries with separate entrances, multiple rooms suitable for classrooms, offices, or boardrooms, and a fully equipped kitchen featuring a gas stove, ample counter space, storage, a refrigerator, and a dining area. A spacious fellowship hall is perfect for dining or celebrations. Restrooms are ADA compliant. The property includes a recently painted parking lot and a significant added benefit: an additional vacant lot across the street (2635 56th Street) is included in the sale, providing ample space for expansion or additional parking. A new roof was installed in 2022, and other interior updates have been completed. The asking price is $1,499,000 ($117.60/sq ft). The total lot size is 43,561 square feet. The property is currently vacant and includes chairs as seen in photos. Showings will be available upon completion of renovations. All property data should be independently verified by the buyer.
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New Generation Church Church
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God's Tabernacle of Deliverance Church
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & 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.