9
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405 Exposition Avenue
About This Property
The site carries PD-269 zoning - one of the most development-friendly districts in Dallas.? PD-269 allows zero-foot setbacks at the front, sides, and rear, up to 100% lot coverage, and building heights up to 200 feet - an exceptional envelope that supports high-density and vertical development rarely achievable on infill sites.? Buyers should independently confirm all zoning, setback, lot-coverage, and height standards under PD-269 with the City of Dallas.?
A significant investment has already been made in architectural design; civil, structural, and MEP engineering; permitting; and pre-development planning - providing the potential to reduce entitlement timelines, lower soft costs, and accelerate project delivery compared with a typical raw land acquisition.? The previously City-approved permit plans and drawings will be made available to the buyer for reference, providing a clear, already-reviewed starting point for what can be built on the site.?
A developer may elect to utilize the previously established development framework, or redesign the floor plans, unit mix, and overall product type to better align with current market demand, subject to City approval.? The property is also situated within approximately one-half mile of DART light rail; under current City of Dallas parking regulations, minimum parking requirements may be reduced or may not apply to sites in proximity to transit.? Buyers should independently confirm all applicable parking requirements.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 18, 2026 | Price Decreased |
$849,000
↓ $100K
(10.5%) | |
| Price Decreased | |||
| Aug 1, 2026 | Price Decreased |
$949,000
↓ $51K
(5.1%) | |
| Price Decreased | |||
| Jul 13, 2026 | Listed by Compass RE Texas, LLC | $999,900 | |
| Listed by Compass RE Texas, LLC | |||
| Mar 1, 2025 | No longer available | - | |
| No longer available | |||
| Jan 10, 2025 | Price Decreased |
$1,495,000
↓ $254K
(14.5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017