12803 Demetra DrFarmers Branch, TX 75234

Property Details for 12803 Demetra Dr

Year built

1959

Construction

FRAME

Lot size

0.51 AC

Property size (Sq ft)

6,928 SF

Zone code

Z236

Property type

Office buildings

APN

24230500020010000

APU

24230500020010000

Description

This Farmers Branch, Texas office property at 12803 Demetra Dr, offers 6,928 square feet of versatile space in a two-story building constructed in 1959. The property sits on a 0.51-acre lot and is zoned for office use (APN: 24230500020010000). Multiple tenancy options are available, with a minimum divisible space of 150 square feet and the entire 6,928 square feet available contiguously. The building currently has six suites, all of which are vacant. Parking is provided at a rate of four spaces per 1,000 square feet of leased space. The property's location offers excellent visibility and convenience, situated near Bill Moses Parkway in a commercially zoned area. The property is suitable for various office uses, including traditional, executive, co-working, and creative office spaces. This prime location in Farmers Branch, TX (zip code 75234) presents a unique opportunity for businesses seeking flexible and functional office space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,065,128

  6.5%

  $983,196

  7%

  $912,967

• Comparable approach

  Method

  Valuation

  Relative Method

  $695,447

  Geo Method

  $833,577

• Alternative Use

  Use

  Valuation

  Residential

  $1,219,162

  Hospitality

  $1,116,746

  Educational

  $929,120

  Medical

  $961,074

  Retail

  $1,445,297

Location Insight

City

Farmers Branch

County

Dallas

State

Texas

Latitude

32.9215

Longitude

-96.894

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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