2337 Doreen St - 8%+ Cap Rate for Industrial Development 1.99 Acres of Industrial Land Offered at $999,000 in Grand Prairie, TX 75050

Get to work right away with this fully entitled industrial development tract ready for immediate construction.

2337 Doreen Street is approximately 2 acres and has been approved by the City of Grand Prairie for two 17,000-square-foot industrial flex warehouse buildings. A full Development Packet is completed for the land, which includes a geotechnical report, topography survey, civil drawings, architectural drawings, and Grand Prairie approval letters. These documents are available in the Data Room.

This property can be set up as a build-to-rent or owner-occupied building. The seller has over 200 leads interested in 2,000- to 3,500-square-foot spaces for this exact building if the new owner desires to rent and hold the space. Bids from local general contractors signaled a substantial build spread of over $1.7 million.

Situated in the Lower Great Southwest submarket, 2337 Doreen Street is in one of the most sought-after industrial hubs in the DFW metro. Due to the superior transport connectivity, high-profile institutions such as General Motors, Lockheed Martin, Geodis, and The Home Depot have large industrial presences here, but typical tenants in the submarket utilize space closer to the approved warehouses. Submarket trends paint an optimistic outlook for appreciation; as of Q1 2025, annual rent growth was at 4%, with an average vacancy rate of 1.8% lower than the overall DFW market. Builds at 2337 Doreen Street will be able to leverage the submarket’s excellent connectivity advantages with three major arteries within a five-minute drive. Tenants will be tapped into an excellent labor pool, with nearly 50% of the workers within a 3-mile radius employed in blue-collar industries.