610 Centerville RdGarland, TX 75043

Property Details for 610 Centerville Rd

Year built

2015

Construction

FRAME

Lot size

4.82 AC

Property size (Sq ft)

9,800 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

26447650010010000

APU

26447650010010000

Description

This exceptional 1,978-square-foot Class A medical office space, built in 2015 and renovated the same year, is ideally located at 610 W Centerville Rd, Garland, TX 75043, near Northwest HWY. The single-tenant suite boasts a sophisticated design with abundant natural light from large windows throughout. Features include a formal lobby and reception area with grey and white marble floors, eight private offices/exam rooms (four with windows), some with built-in cabinets and granite counters, and two oversized bathrooms. The high ceilings (9.5 feet) and ebony wood doors and trim add to the elegant ambiance. The building offers convenient front and rear entrances, ample parking (20 spaces) in front, side, and back, with an additional overflow lot available. This corner office building features an elegant stone elevation and a glass storefront for a private entrance. The property sits on a beautifully landscaped lot with a tree-lined parkway, spacious driveways, and backs to a wooded greenbelt and creek. The lease is NNN, with a base rent of $17 per square foot annually and $7.40 per square foot annually for NNN expenses (including water). The space is suitable for various permitted uses with landlord approval. This is a truly remarkable opportunity to secure a prestigious and functional medical office space in a thriving Garland location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,815,428

  6.5%

  $1,675,779

  7%

  $1,556,081

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,205,845

  Geo Method

  $2,569,362

• Alternative Use

  Use

  Valuation

  Residential

  $2,077,966

  Hospitality

  $1,903,406

  Educational

  $1,583,612

  Medical

  $1,638,074

  Retail

  $2,463,396

Location Insight

City

Garland

County

Dallas

State

Texas

Latitude

32.8643

Longitude

-96.6379

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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