1605 Garland AveGarland, TX 75040

Property Details for 1605 Garland Ave

Year built

1983

Construction

FRAME

Lot size

0.83 AC

Property size (Sq ft)

7,283 SF

Zone code

Z239

Property type

Healthcare properties

Property subtype

Medical offices

APN

26245500080450100

APU

26245500080450100

Description

This 7,283 square foot medical office building, located at 1605 N Garland Ave in Garland, Texas (75040), presents a unique investment opportunity. Situated on a 0.834-acre lot, this multi-tenant property boasts high visibility and significant daily traffic (approximately 28,000 vehicles) due to its convenient proximity to I-30. The building, constructed in 1983, has undergone recent updates in 2019 and 2022, including two new air conditioning units, a perimeter chain-link fence, and a prominent monument sign. Interior renovations in 2019 created bright, naturally lit spaces. Currently, 4,840 square feet is available for lease, with two spaces totaling 2,420 square feet immediately available. The building features 8-10 foot ceilings and is zoned PD. The property includes updated utilities and benefits from its previous use as a dental office, retaining existing plumbing infrastructure. Dallas County APN is 26245500080450100. This property is ideal for medical professionals or businesses seeking a high-traffic location with modern amenities.

• CAP approach

  CAP return

  Valuation

  6%

  $1,349,159

  6.5%

  $1,245,378

  7%

  $1,156,422

• Comparable approach

  Method

  Valuation

  Relative Method

  $896,140

  Geo Method

  $876,291

• Alternative Use

  Use

  Valuation

  Residential

  $1,544,268

  Hospitality

  $1,414,542

  Educational

  $1,176,882

  Medical

  $1,217,357

  Retail

  $1,830,705

Location Insight

City

Garland

County

Dallas

State

Texas

Latitude

32.9277

Longitude

-96.6488

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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