1340 Walnut Hill LnIrving, TX 75038

Property Details for 1340 Walnut Hill Ln

Year built

1986

Construction

TILT-UP CONCRETE

Lot size

3.23 AC

Property size (Sq ft)

42,740 SF

Zone code

Z243

Property type

Office buildings

APN

32652000000000000

APU

32652000000000000

Description

This exceptional 23,872 square foot medical office building, located at 1340 W Walnut Hill Ln in Irving, Texas (75038), presents a unique investment opportunity. Currently fully vacant, the property offers five individual suites ranging from 1,469 to 8,900 contiguous square feet, providing flexibility for various medical practices. Built in 1986 and classified as Class B, the building boasts ample parking and is situated in the heart of Las Colinas, a highly desirable area. The property features attractive landscaping, including mature trees and outdoor seating, enhancing its curb appeal. A well-appointed common-area breakroom is available for tenant use. Interior finishes include hardwood and marble flooring. The building benefits from excellent visibility and signage on W. Walnut Hill Lane, providing strong branding opportunities. Its strategic location offers easy access to major thoroughfares, including the George Bush Turnpike, Highway 114, and Highway 635, ensuring convenient commutes for both staff and patients. Furthermore, its proximity to three major hospitals in Las Colinas makes this an ideal location for medical professionals seeking a high-traffic area. Dallas County location.

• CAP approach

  CAP return

  Valuation

  6%

  $6,570,957

  6.5%

  $6,065,499

  7%

  $5,632,249

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,290,330

  Geo Method

  $8,174,386

• Alternative Use

  Use

  Valuation

  Residential

  $7,521,218

  Hospitality

  $6,889,396

  Educational

  $5,731,896

  Medical

  $5,929,025

  Retail

  $8,916,283

Location Insight

City

Irving

County

Dallas

State

Texas

Latitude

32.8843

Longitude

-96.9725

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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