8124 Forest LnDallas, TX 75243

Property Details for 8124 Forest Ln

Year built

1995

Construction

TILT-UP CONCRETE

Lot size

0.89 AC

Property size (Sq ft)

3,002 SF

Zone code

Z151

Property type

Grocery and convenience stores

APN

732200000050000

APU

732200000050000

Description

This exceptional 3,482-square-foot warehouse, situated on a 0.89-acre lot in Dallas County, Texas, presents a prime redevelopment opportunity. Currently vacant, this single-tenant property offers significant potential for various uses. Its strategic location on Forest Lane in the 75243 zip code provides excellent access to the Central Expressway and the Forest Lane Dart station, ensuring high visibility and convenient transportation. The property's classification as both retail and industrial allows for a wide range of redevelopment options. The surrounding area boasts a strong commercial presence, with nearby national quick-service restaurants, a Home Depot, and the Texas Instruments headquarters, creating a vibrant and established business environment. This infill site is ideal for entrepreneurs and developers seeking a high-traffic location with substantial development potential. The property's existing structure, previously a fuel and convenience store, provides a solid foundation for a variety of redevelopment projects. The 0.89-acre lot size offers ample space for expansion or additional development. This is a rare opportunity to acquire a well-located property in a thriving Dallas commercial corridor. The property is zoned for commercial use and is ready for immediate development. Detailed site plans and zoning information are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $847,809

  6.5%

  $782,593

  7%

  $726,693

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,003,073

  Geo Method

  $910,226

• Alternative Use

  Use

  Valuation

  Residential

  $660,146

  Hospitality

  $604,690

  Educational

  $503,095

  Medical

  $520,398

  Retail

  $782,593

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.9088

Longitude

-96.764

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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