1861 Josey LnCarrollton, TX 75006

Property Details for 1861 Josey Ln

Year built

1985

Construction

STEEL FRAME

Lot size

0.47 AC

Property size (Sq ft)

4,692 SF

Zone code

Z123

Property type

Retail properties

Property subtype

Gas stations

APN

140539000A0020000

APU

140539000A0020000

Description

This exceptional investment opportunity presents a 5,084 square foot industrial building situated on a 0.47-acre lot at 1861 N Josey Lane, Carrollton, Texas. The property boasts a prime location in a high-commute corridor along North Josey Lane, just north of Beltline Road, within a densely populated area. Currently operating as an established automotive repair business since 2006, this property offers significant potential for continued success in a thriving market. The building encompasses approximately 5,084 square feet of space, providing ample room for operations and potential expansion. The 0.47-acre lot offers sufficient space for outdoor activities related to the business. Detailed financial information regarding operating income, expenses, and utilities is available upon request, allowing prospective buyers to conduct thorough due diligence. The property benefits from its location in Texas, a state experiencing robust growth and attracting numerous businesses and residents to the Dallas-Fort Worth metroplex. This presents a compelling opportunity for investors seeking a well-established, income-generating property in a dynamic and expanding market. The absence of state income tax in Texas further enhances the investment appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $1,749,312

  6.5%

  $1,614,750

  7%

  $1,499,411

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,042,438

  Geo Method

  $1,422,644

• Alternative Use

  Use

  Valuation

  Residential

  $1,362,102

  Hospitality

  $1,247,678

  Educational

  $1,038,054

  Medical

  $1,073,754

  Retail

  $1,614,750

Location Insight

City

Carrollton

County

Dallas

State

Texas

Latitude

32.9635

Longitude

-96.8905

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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