Apartment Acquisitions · Grand Prairie
Sell Your Commercial Property In Grand Prairie, TX
Own a commercial apartment building of five or more units in Grand Prairie? We purchase multifamily properties around Lake Ridge, Westchester, and the rest of Dallas County, and we review every deal against a clear buy box.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Where We Look: Lake Ridge · Westchester · Duncanville · Cedar Hill — Dallas County and Tarrant County, TX
The Grand Prairie Market
What Drives Rentals In Grand Prairie
Grand Prairie, TX straddles two counties: about 63.7% of its 201,883 residents live in the Dallas County portion and 36.3% in the Tarrant County portion, per the 2020 Census. Renters fill 41.3% of the city's 68,406 occupied households at a median $1,629 a month, while 5+ unit buildings hold just 24.6% of the housing stock, under ACS 2020-2024 data. Lockheed Martin, Airbus Helicopters and the I-20/State Highway 360 logistics corridor anchor local jobs. Owners who sell commercial property in Grand Prairie, TX need separate tax and rent numbers for each county.
Lockheed Martin missile plant
Nearly 800 production employees build PAC-3, THAAD and other munitions at Lockheed Martin's Grand Prairie plant amid a $300 million Texas expansion.Airbus Helicopters headquarters
More than 600 employees work at Airbus Helicopters' North American headquarters in Grand Prairie, next to Grand Prairie Municipal Airport, handling maintenance and flight testing.I-20/SH 360 logistics corridor
Distribution centers like the 271,794-square-foot Parkway Logistics Center near Grand Prairie Municipal Airport use direct access to Interstate 20 and State Highway 360.Our Buy Box
What We Buy In Grand Prairie
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Grand Prairie Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Grand Prairie
41.3% of Grand Prairie's 68,406 occupied households rent, per the Census Bureau's 2020-2024 American Community Survey (ACS). 5+ unit buildings hold 24.6% of the city's 71,853 housing units, and the median structure dates to 1992, per the same ACS tables. That rental depth is why owners come to us to sell your apartment building in Grand Prairie.
Rents and affordability
Grand Prairie's median gross rent is $1,629 a month under ACS 2020-2024 data, about 24% of the $81,619 median household income. 57.0% of renter households pay 30%+ of income toward rent and 26.2% pay 50%+, per ACS table B25070. Fair market rents differ by county, so owners who sell commercial real estate in Grand Prairie, TX need rent comps from the correct HUD area.
| Unit size | Dallas, TX HUD FMR Area (FY2027) | Fort Worth-Arlington, TX HUD FMR Area (FY2027) |
|---|---|---|
| Efficiency | $1,491 | $1,461 |
| One-bedroom | $1,536 | $1,481 |
| Two-bedroom | $1,807 | $1,745 |
| Three-bedroom | $2,275 | $2,284 |
| Four-bedroom | $2,892 | $2,866 |
Property taxes in Dallas County and Tarrant County
Grand Prairie's city rate is $0.660000 per $100 of valuation for 2024, but the full bill depends on the parcel's county. Texas has no state property tax; appraisal districts assess at 100% of market value and each entity sets its own rate. Dallas County portion: city plus Dallas County ($0.215500), Parkland Hospital ($0.212000), Dallas College ($0.105595) and Grand Prairie ISD ($1.057700) total $2.250795 per $100. Tarrant County portion: city plus Tarrant County ($0.187500), Tarrant Hospital ($0.182500), Tarrant County College ($0.112280) and Arlington ISD ($1.103500) total $2.245780 per $100; Mansfield ISD parcels run slightly higher, at $2.289180. On a $2,000,000 building with no state transfer tax, the Dallas County portion owes about $45,016 a year and the Tarrant County (Arlington ISD) portion owes about $44,916. That gap matters to anyone who wants to sell commercial property in Grand Prairie, TX, since buyers underwrite each parcel by its own county and district.
Landlord rules
Property Code Section 24.005 sets a 3-day minimum written notice to vacate before a nonpayment eviction filing, unless a lease sets a different period. Deposits carry no statutory dollar cap but must be refunded within 30 days of surrender, under Section 92.103. Local Government Code Section 214.902 blocks cities from adopting rent control outside a governor-approved disaster, so Grand Prairie cannot cap rent increases.
What it means for an owner
Owners who sell commercial property in Grand Prairie, TX are pricing into a market where renters fill 41.3% of households but 5+ unit buildings hold only 24.6% of the stock, a supply gap in both counties. Lockheed Martin's $300 million expansion, Airbus Helicopters' headquarters and distribution space along I-20 and State Highway 360 drive that demand, which is why sponsors choose to sell multifamily property in Grand Prairie through brokers who track each county's tax line separately. Run the numbers with our cap rate calculator or start at Sell My Apartment Building.
Good To Know
Grand Prairie Seller Checklist
More about selling in Texas →Investing in Grand Prairie? See apartment syndications in Grand Prairie →
- Grand Prairie's rental vacancy rate was 6.1% under ACS 2020-2024, not large enough to signal oversupply.
- Owners who sell commercial real estate in Grand Prairie, TX should underwrite Dallas and Tarrant County parcels separately.
- Selling commercial property in Grand Prairie now means marketing to buyers who price Dallas-County and Tarrant-County taxes differently.
Seller Guides
Selling A Building In Grand Prairie
Learn More
Taxes & Rules For Grand Prairie Property
The Texas rules that shape any deal in Grand Prairie: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Grand Prairie Seller FAQ
What should I know before I sell commercial property in Grand Prairie, TX?
Price by county: about 63.7% of Grand Prairie's population sits in Dallas County and 36.3% in Tarrant County, per the 2020 Census, and the two portions carry different school-district tax rates, roughly $2.25 per $100 either way, under the city's published tax-rate table.
Is Grand Prairie split between two counties for property tax purposes?
Yes. The city's tax-rate table lists separate entities for each county: Dallas County, Parkland Hospital and Dallas College on one side, Tarrant County, Tarrant County Hospital and Tarrant County College on the other, each layered under a different school district.
What does a 3-bedroom apartment rent for under HUD's fair market rents?
HUD's FY2027 fair market rent for a three-bedroom unit is $2,275 in the Dallas, TX FMR area and $2,284 in the Fort Worth-Arlington, TX FMR area, the two areas covering Grand Prairie, per HUD's FMR documentation.
Why do investors sell commercial real estate in Grand Prairie, TX near the I-20 corridor?
Distribution space near Interstate 20 and State Highway 360, including the 271,794-square-foot Parkway Logistics Center by Grand Prairie Municipal Airport, keeps industrial and nearby multifamily demand steady, which supports pricing for a sale in either county.
How does Texas law handle security deposits and eviction notices for Grand Prairie rentals?
Texas sets no dollar cap on security deposits but requires a refund within 30 days of move-out under Property Code Section 92.103, and a 3-day written notice to vacate before a nonpayment eviction filing under Section 24.005.
Will you buy a Grand Prairie property that needs work or has high vacancy?
Yes. We regularly evaluate value-add, mismanaged, and distressed multifamily properties and underwrite them as they are today — no repairs or lease-up required before selling.
Do you work with Grand Prairie brokers and agents?
We do. Agents can bring us listed or pocket-listing deals in Grand Prairie, and we keep every conversation confidential.
Who buys occupied rental property in Grand Prairie?
We do. Skyline Capital Investments is a commercial real estate buyer of 5+ unit multifamily, and we buy apartment buildings with tenants in place, including properties with below-market rents.
What do I need to sell my apartment building in Grand Prairie?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
Submit A Deal
Selling A Building In Grand Prairie?
A few details are enough to start. We respond to every Grand Prairie submission, including off-market and pocket listings.
