Urban3 did a land value per acre presentation for city of Dallas and Dallas county recently:
Video Presentation here:
https://dallastx.new.swagit.com/videos/295377Some highlights:
The average WalMart in Dallas county is $600k per acre.
Averages:
Single Family home: $1m per acre
Duplex: $2m
Apartment: $3m
townhome: $4
condos: $5m
Comparing various properties:
NorthPark: $9m
Richardson Sq Mall: .4m
Costco: $1.1m
Preston Village: $5.7m
Las Colinas Lincoln Center: $12m
Las Colinas Chase Tower: $15m
El Rincon: $18m
Hattie B's: $19m
Highland Park Village: $21
2409 Rosedale: $30m
Texas Capital Bank (uptown) $75m
Hall Arts: $200m
1900 Pearl: $200m
It also basically confirms what we all know: The high value land of Dallas moves north between US75 and the DNT all the way up from downtown basically to the county line, not evenly, but close enough.
Everything outside of that needs major investment. Dallas needs to grow not only south but also grow up east and west.