Southlake's Premier Development Opportunity

4 Contiguous Lots
Westin Hotel Adjacent

1.8 acres sharing entire back wall with Westin Dallas Southlake
SH-114 frontage + Carroll Ave dual access

$4.75M
Purchase Price
$7/SF
Ground Lease NNN
151K+
Daily Traffic
$287K
Avg HH Income

Lots 5, 6, 7 & 8

4 contiguous lots with 3 sharing direct boundary with Westin Dallas Southlake

Lot 5 Westin Boundary
1075 Casey Ct
Lot 6 Westin Boundary
1095 Casey Ct
Lot 7 Westin Boundary
1033 Casey Ct
Lot 8 Carroll Access
1212 Casey Ct
Casey Court, Southlake TX 76092
Lots 5, 6, 7 share Westin back wall
Lot 8 provides N. Carroll Ave access

SH-114 Frontage + Carroll Ave

Dual access: highway & secondary

761' Highest Elevation

Premium signage visibility

Westin Hotel Adjacent

261-room premier property

Last Premier Parcel

90%+ Southlake built-out

Why This Land

SH-114 + Carroll Ave Access

151,835 daily vehicles on SH-114. Carroll Ave provides critical secondary access for service and traffic separation—dual-access parcels see faster approvals.

761' Highest Elevation

Visible for 2+ miles across the corridor. Premium signage visibility without permit challenges. Elevated sites command 15-25% rent premiums.

Last Premier Parcel

Southlake is 90%+ built out. Only 54 permits in 2024 vs. 177 in Flower Mound. One of the last developable SH-114 frontage sites.

$287K Avg Household Income

4.2x national median. Within 3 miles: 49,378 residents with $10.3B combined annual income. Premium pricing is the baseline.

Command the Skyline

At 761' elevation, Casey Court sits at the highest point in North Tarrant County—visible for miles across the SH-114 corridor.

800' 700' 600' 500' 400' Dallas CBD DFW Airport Town Square CASEY COURT
761'
Casey Court
Highest Point in N. Tarrant County
+261' above Dallas
~680'
Southlake Town Square
Premier Retail Destination
81' below Casey Court
603'
DFW Airport
8 Minutes Away
158' below Casey Court
~500'
Dallas CBD
Downtown Dallas
261' below Casey Court

2+ Mile Visibility

Signage visible across the entire SH-114 corridor approach

15-25% Rent Premium

Elevated sites command significantly higher lease rates

Natural Prominence

No permit challenges for prominent signage placement

1.8 Acres at Southlake's
Premier Intersection

Westin Hotel Adjacent

261-room premier property. Shared boundary creates expansion opportunity.

Dual Access Points

SH-114 frontage (151K daily) + Carroll Ave secondary access. 8 min to DFW.

Town Square Adjacent

Directly across from DFW's premier 1.5M SF retail destination.

761' Elevation

Highest point in corridor. Premium signage visibility across SH-114.

Assemblage Potential

Weitzman 1.38ac adjacent. Combined ~3.2ac corner development site.

$287K Avg HH Income

1-mile radius. Texas's wealthiest corridor with 4.2x national median.

Lot Information

Legal Description

Subdivision Carroll Oaks Addition
Lots 5, 6, 7, 8
Recorded Volume 388-26, Page 4
County Tarrant County, Texas
City Southlake, Texas
Zip Code 76092

Individual Lot Addresses

Lot 5 1075 Casey Ct
Lot 6 1095 Casey Ct
Lot 7 1033 Casey Ct
Lot 8 1212 Casey Ct

Current Zoning

SF-1A Single Family Residential Minimum 1 Acre Lots

Rezoning potential to commercial, office, medical, or TZD (Transition Zoning District) based on adjacent land uses and corridor location.

What Can Be Built

Strategic location supports multiple high-value development scenarios through rezoning to commercial, office, or mixed-use designations.

Photorealistic rendering of Class A corporate office building at Casey Court, 3-story glass and limestone modern design, adjacent to Westin Hotel in Southlake, Texas

Conceptual Rendering

Class A Office Development

Premium corporate office space serving the affluent Southlake business community. Ideal for regional headquarters, professional services, or multi-tenant Class A office.

Rezoning Required O-2 or SP-2
Building Size ~32,000 SF
Height 3 Stories / 35 ft
Construction Cost $250-$320/SF
Market Rent $28/SF/yr NNN
Est. NOI ~$810K/year

Estimated Developer Returns

Projected IRR 18-22%
Cash-on-Cash 12-15%
Stabilized Value $12-14M

Target Users

  • Regional corporate headquarters
  • Financial services firms
  • Law firms and professional services
  • Tech companies seeking DFW presence
Photorealistic rendering of Southlake Medical Plaza at Casey Court, 3-story medical pavilion with limestone facade, covered patient entrance, adjacent to Westin Hotel

Conceptual Rendering

Medical Office Development

Premium medical office building serving Southlake's affluent demographics. Adjacent to Methodist Southlake Medical Center corridor.

Rezoning Required O-2/SP-2 + Medical SUP
Building Size ~25,000 SF
Height 3 Stories
Construction Cost $270-$430/SF
Market Rent $28/SF/yr NNN
Cap Rate 6.2-6.9%

Target Users

  • Multi-specialty physician groups
  • Ambulatory surgery centers
  • Diagnostic imaging facilities
  • Hospital system outpatient clinics
Photorealistic rendering of upscale retail and restaurant village at Casey Court, featuring Lucchese, Kendra Scott, The Ranch restaurant, Texas Hill Country architecture, evening ambiance

Conceptual Rendering

Retail & Restaurant Development

Upscale retail and dining destination complementing Southlake Town Square. Premium rents supported by 151K+ daily traffic and Texas's wealthiest demographics.

Rezoning Required C-2 or TZD
Building Size ~16,000 SF
Height 1-2 Stories
Construction Cost $220-$360/SF
Market Rent $42/SF/yr NNN
Est. NOI ~$640K/year
Highest ROI Potential

Target Tenants

  • Chef-driven restaurants
  • Upscale casual dining
  • Boutique retail
  • Lifestyle services
Casey Court luxury townhome development site - 1.8 acres for 4 ultra-luxury townhomes at $2.2M each in Southlake's premier location

Development Vision

4 Ultra-Luxury Townhomes

3,000 SF Each • $2.2M Target

761' Elevation • Westin Adjacent

Luxury Townhome Site

TZD: 2 units/acre max • 4 units on 1.8 acres

Luxury Townhome Development

Ultra-luxury townhomes at Southlake's highest elevation, steps from the Westin Hotel. TZD zoning allows 2 units per acre—4 exclusive residences on 1.8 prime acres with commanding views and unmatched privacy.

Rezoning Required TZD (Transition)
Units 4 Townhomes
Avg Unit Size 3,000 SF
Construction Cost $300/SF
Target Sale Price $2.2M/unit
Gross Revenue $8.8M (4 units)

Target Buyers

  • Empty nesters from estate homes
  • Corporate executives
  • Second home buyers
  • Investors seeking premium rental

Terms & Pricing

$4.75M
Asking Price
$7/SF
Ground Lease NNN
1.8 ac
~78,400 SF
SF-1A
Current Zoning
4 Lots
Contiguous

Ground Lease Available

Build without land acquisition cost

Ground Rent $7.00/SF/yr NNN
Land Area ~78,400 SF
Lease Terms 50-99 Years

Developer Advantages

  • Zero land acquisition — Deploy capital into construction
  • Lower basis — Improved project returns
  • NNN structure — Predictable occupancy costs
  • Escalations — 2-3% annual or CPI-linked

A Disappearing Opportunity

Twenty-five years of transformation. Watch Southlake evolve from open land to one of Texas's most coveted addresses—and understand why Casey Court represents a rare final chapter.

Southlake Development Timeline

Drag the slider or click a year to see development progress

Developed Available Casey Court
Year 2025
92% Developed
8% Available

Today, Southlake is 92% built out. Only scattered parcels remain—and SH-114 frontage sites like Casey Court have become extraordinarily rare.

8% Land Remaining

Available developable land in Southlake

The Mathematics of Scarcity

Finite Geography

Southlake covers 22.6 square miles—a fixed boundary that cannot expand. Every development permanently reduces available supply.

Premium Demand

$287K average household income attracts continuous development pressure. When land sells, it stays developed.

SH-114 Corridor

Highway frontage parcels were the first to develop. Casey Court is among the last remaining frontage opportunities.

2024 Building Permits Issued

Development activity across comparable North Texas cities

Southlake 54 Limited supply
Grapevine 89
Colleyville 134
Flower Mound 177

What the Numbers Reveal

Southlake issued 69% fewer building permits than Flower Mound in 2024. This isn't lack of demand—it's lack of supply. Premium parcels have become acquisition targets rather than development opportunities.

Casey Court: One of the Last

1.8 acres at 761' elevation with SH-114 frontage and dual access. In a market where supply is measured in months, not years, opportunities like this don't wait.

1 of ~12 Remaining SH-114 parcels
761' Highest elevation available
Westin Adjacent to premier hotel

Strategic Timing

DFW Growth

700+ daily net migration. Land values appreciating 18-23% annually in premium corridors.

Limited Supply

Southlake 90%+ developed. Only 54 permits issued in 2024 vs 177 in comparable markets.

Value Position

$61/SF vs $85-95/SF market rate. Ground lease option preserves capital for construction.

Principal Direct

No brokers. No intermediaries. Speak directly with the owner.

Brendon Bollinger

Principal | Bright Capital

(323) 839-5800

invest@caseycourt.com

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Due diligence materials available upon request

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