5535 Lake Ridge PkwyGrand Prairie, TX 75052

Property Details for 5535 Lake Ridge Pkwy

Year built

2011

Lot size

0.48 AC

Property size (Sq ft)

4,408 SF

Property type

Medical offices

Property subtype

Medical centers

APN

23213G-A-2

APU

23213GA2

Description

This exceptional 4,048-square-foot Class A office building in Grand Prairie, Texas, is available for $1,950,000. Built in 2011, this single-story structure sits on a 0.484-acre lot and is zoned PD267. Currently configured as a dental office, it boasts seven operatories, six desk workspaces, and three private offices—one with a private bathroom and walk-in shower. Additional features include three bathrooms, a lab, a sterile room, a kitchen, a laundry room, three closets, and an attic with potential for conversion. The property's high-traffic location on Lake Ridge Parkway, adjacent to a daycare and near Joe Pool Lake, ensures excellent visibility and accessibility. The sale includes all dental chairs and fixtures (excluding specified items), with price negotiable with or without equipment. An expansive 0.86-acre lot behind the building at 5539 Lake Ridge Parkway is also included in this offering, presenting significant expansion opportunities. This versatile property is ideal for a variety of businesses seeking a prominent location and ample space for growth.

• CAP approach

  CAP return

  Valuation

  6%

  $751,800

  6.5%

  $693,970

  7%

  $644,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $480,982

  Geo Method

  $1,319,711

• Alternative Use

  Use

  Valuation

  Residential

  $860,522

  Hospitality

  $788,234

  Educational

  $655,801

  Medical

  $678,355

  Retail

  $1,020,135

Location Insight

City

Grand Prairie

County

Tarrant

State

Texas

Latitude

32.6424

Longitude

-97.0485

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].