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Owner Contacts

$529,000

NAL Estimated Property Value

1318 Nokomis Ave, Dallas, TX, 75224

Off Market

4 Beds

4 Bath

2,811 Sq Ft

Unimproved Land

$216.85 / sqft

Built in 2024

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

Exterior

Lot Size13,972 sqft

Building Information

Year Built2024

Stories2

Roof Type105

Garage Spaces2

Land Information

APN00000492127000000

Lot Number1

SubdivisionOak Park

Land UseResidential

Legal DescriptionOAK PARK ESTATES 3 BLK 13/6035 LT 1 INT202300194194 DD09212023 CO-DC 6035 013 00100 2006035 013

Census Tract006100

Assessed Land Value$90,000

Assessed Improvement Value$193,750

Assessment Year2025

About this property

MULTIPLE OFFERS..HIGHEST AND BEST DUE BY 5PM THURSDAY 9-1-2022..Bring your building ideas to this awesome lot!! This lot sits on .321 acres so you have plenty of space to build your dream home or if you are an investor this is in a perfect area to build and flip or build and hold. The lot previously had a home on it years ago. You will be walking distance from Kiest Park and 10 minutes from Downtown Dallas and Bishop Arts District.

Investor Tools

$529,000

Estimated Property Value

$0Estimated Mortgage Balance

$529,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,174 /month

Positive

Cash Flow Estimate:

$1,058 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$388/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,012

$283,750

2025

$90,000

$193,750

$283,750

Tax History

Year

Tax Paid

Assessed Value

2024

$2,012

$283,750

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$529,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,572/mo

N/A

+$2,572/mo

5.8%

Learn About the Market: Opportunity in Dallas

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The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

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