6330 Broadway BlvdGarland, TX 75043

Property Details for 6330 Broadway Blvd

Year built

1982

Construction

FRAME

Lot size

0.65 AC

Property size (Sq ft)

896 SF

Zone code

Z85

Property type

Office buildings

APN

2603800000000A200

APU

2603800000000A200

Description

This exceptional investment opportunity presents two medical office condos totaling 3,252 square feet, situated on a 0.65-acre lot at 6330 Broadway Blvd, Garland, TX 75043. The property boasts a 7.47% cap rate and a strong net operating income (NOI) of $57,929, reflecting a stabilized cash flow investment. Currently 100% occupied by two tenants, one a medical spa and the other ELITE Health and Wellness, both recently extended their leases (one for 3 years, the other for 5 years), ensuring long-term income stability. The modified lease structure includes tenant responsibility for utilities (Suite B only) and common area fees (Suite B only). The condominium association manages common area costs and property insurance, minimizing landlord responsibilities. Built in 1982, this single-story building benefits from excellent visibility and ample parking, situated on Broadway Blvd (27,000 vehicles per day) with convenient access to I-30 (148,000 vehicles per day). The property is zoned CR and offers significant potential for continued growth within the expanding Eastern Dallas suburbs. The asking price is $775,000, translating to $238.31 per square foot. This is a rare opportunity to acquire a low-maintenance, high-return medical investment property in a prime Garland location.

• CAP approach

  CAP return

  Valuation

  6%

  $165,982

  6.5%

  $153,214

  7%

  $142,270

• Comparable approach

  Method

  Valuation

  Relative Method

  $110,249

  Geo Method

  $235,368

• Alternative Use

  Use

  Valuation

  Residential

  $189,986

  Hospitality

  $174,026

  Educational

  $144,787

  Medical

  $149,767

  Retail

  $225,225

Location Insight

City

Garland

County

Dallas

State

Texas

Latitude

32.8372

Longitude

-96.5952

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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