510 Good Latimer ExpyDallas, TX 75226

Property Details for 510 Good Latimer Expy

Year built

1963

Construction

TILT-UP CONCRETE

Lot size

0.56 AC

Property size (Sq ft)

29,716 SF

Zone code

Z239

Property type

Warehouses

Property subtype

Self storage facilities

APN

103555000000

APU

103555000000

Description

This exceptional investment opportunity presents a 310-unit apartment building located at 510 S Good Latimer Expy, Dallas, Texas, 75226. The property boasts a total of 24,320 square feet and is classified as Multifamily, Mixed Use with a permitted zoning of PD 357 - Subdistrict 7. This transit-oriented development is strategically situated across from the DART Deep Ellum commuter rail station, benefiting from excellent accessibility and connectivity. The development is part of a larger project that includes significant office, retail, and hotel components, creating a vibrant and dynamic mixed-use environment. The property's location within a rapidly developing area, coupled with a significant infrastructure improvement project by TxDOT, promises substantial future growth and increased property values. This project aims to connect the Fair Park and Deep Ellum submarkets, enhancing pedestrian accessibility and driving further economic development. The TxDOT initiative includes the construction of additional main and auxiliary lanes on I-30, along with frontage roads, bicycle lanes, and pedestrian accommodations, significantly improving traffic flow and overall infrastructure. This investment offers a unique opportunity to capitalize on the anticipated surge in residents and jobs resulting from this multi-billion dollar infrastructure project. The property's strong fundamentals and prime location make it an ideal investment for discerning buyers seeking exposure to Dallas's thriving real estate market.

• CAP approach

  CAP return

  Valuation

  6%

  $10,219,400

  6.5%

  $9,433,330

  7%

  $8,759,520

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,772,730

  Geo Method

  $14,234,700

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $4,832,740

  Mixed-Use / Specialty

  $4,811,860

  Hospitality / Lodging

  $3,525,560

  Office

  $4,779,470

  Institutional / Educational

  $5,001,090

  Residential Income

  $5,851,280

  Multifamily

  $7,037,930

  Automotive / Energy

  $4,286,650

  Parking / Income-Based Land

  $1,482,870

  Restaurant / Food Service

  $2,494,900

  Healthcare / Senior Housing

  $4,938,210

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.7805

Longitude

-96.7851

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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