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$799,900

5002 E Grand Ave, Dallas, TX, 75223

On MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths3,086 Sq Ft
RetailRetail
price_per_sqft$259.2 / sqft
Year BuiltBuilt in 1930

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
Heating CentralHeating Central
CoolingCooling
FlooringOther

Exterior

Lot Size12,257 sqft

Building Information

Year Built1930
Stories1

Land Information

APN00000154699000000
SubdivisionRowens D
Land UseCommercial
Legal DescriptionD ROWENS BLK 1456 TR 1 & 2 ACS 0.281 INT201900026337 DD01302019 CO-DC 1456 000 00200 1DA1456 000
Census Tract002500
Assessed Land Value$147,080
Assessed Improvement Value$20,000
Assessment Year2025

About this property

This hard corner highly visible free standing building is center of development coming at us from every direction...backs to 65 acre property owned - managed by Holt Lundsford- a city waiting to happen. Across from new elementary & 4 acre parcel assembled 10 years back cited for NEW multfamily development that will have honking unobstructed downtown views from 3rd floor! New residential Specs have already begun on this back side of the cotton bowl. Cool contemporaries. Nice ones ! Literally 1 long block from entry access to i30 & east grand... Fantastic location mins from everything u want & need.. virtually minutes into downtown, over to Baylor Hospital, retail, White Rock Lake and Lakewood country club , Lower Greenville. Huge lot 13,000 sq feet. Building just over 3000 sq feet. - 2 retail sides & central air heat. Zoning allows all sorts of commercial activity from wholesale to retail- z115 (google it)..Abundance of parking in front of building and private gated yard of parking off to one side with easy door access out to the secured lot. One side is leased on month to month. Show vacant unit. Possible lease at 3200 on the vacant side. Solid investment..Css-Broker Bay

Investor Tools

$123,872Estimated Mortgage Balance
$71,834Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,799 /month
Positive
Cash Flow Estimate:
$1,600 /month

Interested in this property?

Heather Cortes

Country 'N' City Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$350/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,234
$167,080
2025
$147,080
$20,000
$167,080
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,234
$167,080

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bth Bank Na
Building Or Construction Loan
$140,000
No
First
Jun 10, 2020
Jun 2029

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$123,872
$43,208
25%
64%
$840/mo

City: Dallas

5002 E Grand Ave | Property Details | No Agent List