This exceptional 38.76-acre industrial land parcel in Dallas, Texas, presents a unique investment opportunity. Located within the East Hines/North Stemmons industrial submarkets, this property benefits from its proximity to major population centers in the DFW metroplex, offering easy access to key transportation arteries including TX-Loop 12, Interstate 35, Interstate 183, Interstate 114, and Spur 482 (with direct Loop 12 connection anticipated in early 2023). Less than seven miles from downtown Dallas, two miles from Las Colinas, and twelve miles from DFW Airport, this infill location provides unparalleled convenience. The site boasts existing Industrial Research (IR) zoning, permitting a wide range of uses including heavy equipment storage, fleet storage, and vehicle service centers. Its strategic location less than half a mile from major material suppliers like Vulcan Materials, Martin Marietta, and Big City Crushed Concrete, ensures high demand for secure trailer parking, crucial for businesses relying on daily material pickups. The property features a pre-existing nine-inch aggregate crush concrete base, designed to accommodate heavy truck and trailer storage. With approximately 27 acres of net usable land and 21 acres of net buildable land, this property offers significant potential for development or continued use as a high-demand trailer parking facility. The East Hines submarket, characterized by a low 3.4% vacancy rate and limited new supply, makes this a highly sought-after location. The high concentration of trucking activity in the area further underscores the property's exceptional value and potential for strong returns.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$297,115,584
Hospitality
$272,156,288
Educational
$226,430,832
Medical
$234,218,128
Retail
$352,225,728
Location Insight
City
Dallas
County
Dallas
State
Texas
Latitude
32.8637
Longitude
-96.9106
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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