2622 Walnut StGarland, TX 75042

  • Strip malls
  • 14,800 SF
For Lease
$16.67/SF/YR View listing

Property Details for 2622 Walnut St

Year built
2002
Construction
TILT-UP CONCRETE
Lot size
2.47 AC
Property size (Sq ft)
14,800 SF
Zone code
Z90
Property type
Strip malls
Property subtype
Neighborhood centers
APN
26088500010020000
APU
26088500010020000

Description

This single-story, 14,800 square foot retail building, constructed in 2002, is situated on the southwest corner of Shiloh and Walnut Streets in Garland, Texas. The property offers a highly desirable location, just one block from the Riverset neighborhood, making it easily accessible to a substantial customer base. The building features six suites in total, with one suite currently vacant, offering 1,800 square feet of immediately available space. The minimum divisible space is also 1,800 square feet, making it ideal for a single tenant. The property boasts ample parking with 30 spaces available for tenants and customers. Water is included in the rent; tenants are responsible for other utilities. The property is zoned commercial and presents a versatile opportunity for a variety of businesses, including retail establishments, restaurants, or office spaces. The building's convenient location and ample space make it an excellent investment opportunity for businesses seeking a strong presence in a thriving Garland neighborhood. The address is W. Walnut St, Garland, TX. Contact us today to learn more about this exceptional property.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,030,250
    6.5%
    $3,720,230
    7%
    $3,454,500
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,589,102
    Geo Method
    $4,487,454
  • Alternative Use

    Use
    Valuation
    Residential
    $3,138,154
    Hospitality
    $2,874,532
    Educational
    $2,391,576
    Medical
    $2,473,826
    Retail
    $3,720,230

Location Insight

City
Garland
County
Dallas
State
Texas
Latitude
32.9157
Longitude
-96.6675
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$34,781
$323,150
$1,196,850
$1,520,000
-
$323,150
$1,196,850
$1,520,000

FAQs

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