7920 Elmbrook DrDallas, TX 75247

  • Showrooms
  • 60,672 SF
For Lease
$15/SF/YR View listing

Property Details for 7920 Elmbrook Dr

Year built
1985
Construction
TILT-UP CONCRETE
Lot size
4.31 AC
Property size (Sq ft)
60,672 SF
Zone code
Z151
Property type
Showrooms
APN
0079400N0002A0000
APU
0079400N0002A0000

Description

This 59,955 square foot, single-building medical office park in Dallas, TX, offers 14,603 square feet of immediately available space. Built in 1985, the property boasts 19-foot ceilings and 232 parking spaces. The minimum divisible space is 3,789 square feet, with a maximum contiguous space of 14,603 square feet. Located at 7920 Elmbrook Dr, Dallas, TX 75247, near W Mockingbird Ln, this property is zoned Z151 and features three total suites. The building is situated within the Southwestern Medical District, a thriving hub of healthcare excellence, close to major hospitals and medical institutions including UT Southwestern Medical Center, Parkland Health, and Children's Hospital. The available space includes private offices, conference rooms, and in-suite restrooms, with the flexibility for reconfiguration. Second-generation laboratory space is also available, previously used for biohazardous material processing. Excellent freeway access via I-35E and 114 provides easy connectivity throughout the Dallas metroplex. This property presents a unique opportunity to join a vibrant and established medical community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $13,711,967
    6.5%
    $12,657,200
    7%
    $11,753,114
  • Comparable approach

    Method
    Valuation
    Relative Method
    $15,347,761
    Geo Method
    $40,277,736
  • Alternative Use

    Use
    Valuation
    Residential
    $10,676,822
    Hospitality
    $9,779,911
    Educational
    $8,136,772
    Medical
    $8,416,608
    Retail
    $12,657,200

Location Insight

City
Dallas
County
Dallas
State
Texas
Latitude
32.8191
Longitude
-96.8627
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
$79,858
$2,815,500
$664,500
$3,480,000
-
$2,815,500
$664,500
$3,480,000

FAQs

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