401 Collins RdSunnyvale, TX 75182

  • Retail space
  • 8,008 SF
For Sale

Property Details for 401 Collins Rd

Year built
2021
Construction
TILT-UP CONCRETE
Lot size
1.16 AC
Property size (Sq ft)
8,008 SF
Property type
Retail space
APN
52008880010010000
APU
52008880010010000

Description

This exceptional 2.21-acre commercial land site presents a unique investment opportunity in Sunnyvale, Texas. Located at 401 S. Collins Rd., this property boasts unparalleled visibility and accessibility, situated directly across the street from Baylor Scott and White Hospital. The property's zoning permits retail development, making it ideal for a variety of commercial uses. The large lot size offers ample space for a substantial development project. The address is 401 S. Collins Rd., Sunnyvale, TX 75182, within Dallas County. The property's geographic coordinates are latitude 32.7769066 and longitude -96.5693394. This location offers significant advantages, including high traffic volume due to the hospital's presence and easy access for customers and employees. The single existing building on the site presents potential for redevelopment or repurposing. This is a rare opportunity to acquire a prime commercial land parcel in a thriving Texas community with excellent visibility and proximity to a major healthcare facility. The property is zoned for retail use, providing flexibility for various commercial ventures. Serious inquiries are encouraged.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,180,692
    6.5%
    $2,012,946
    7%
    $1,869,164
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,483,076
    Geo Method
    $6,041,738
  • Alternative Use

    Use
    Valuation
    Residential
    $1,697,995
    Hospitality
    $1,555,355
    Educational
    $1,294,037
    Medical
    $1,338,541
    Retail
    $2,012,946
401 Collins Rd, Sunnyvale, Texas

Location Insight

City
Sunnyvale
County
Dallas
State
Texas
Latitude
32.7769
Longitude
-96.5692
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
2024
$42,655
$377,340
$1,572,660
$1,950,000
-
$377,340
$1,572,660
$1,950,000

FAQs

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