7901 John W Carpenter FwyDallas, TX 75247

Property Details for 7901 John W Carpenter Fwy

Year built

1957

Construction

TILT-UP CONCRETE

Lot size

1.57 AC

Property size (Sq ft)

11,687 SF

Zone code

Z116

Property type

Office buildings

APN

779110000100

APU

779110000100

Description

This exceptional 17,254 square foot, two-story office building, situated on a 1.57-acre lot in Dallas, Texas, presents a compelling owner-user opportunity. Located at 7901 John W. Carpenter Freeway, this Class C property benefits from a prime location within the Stemmons Freeway submarket, boasting high traffic counts and proximity to affluent neighborhoods and thriving business districts like Brookhollow and the Dallas Design District. The building underwent approximately $500,000 in renovations in 2022. Its flexible Industrial Research zoning allows for diverse uses, including industrial, wholesale distribution, storage, office, and retail, offering excellent long-term redevelopment potential. The property features ample parking with 18 spaces in front and an additional 50 secured spaces in the rear, providing a generous 3.94/1,000 SF ratio. A large, approximately 19,000 square foot rear lot offers additional storage or outdoor display space. Security features include a gated and keypad-secured lot, a security system, and floodlights. An existing billboard provides potential for supplemental income. The asking price is $3,295,000. This multi-tenant building is ideal for a variety of businesses seeking a versatile and well-located space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,796,789

  6.5%

  $1,658,575

  7%

  $1,540,105

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,173,165

  Geo Method

  $3,079,294

• Alternative Use

  Use

  Valuation

  Residential

  $2,056,633

  Hospitality

  $1,883,864

  Educational

  $1,567,353

  Medical

  $1,621,257

  Retail

  $2,438,105

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.8192

Longitude

-96.875

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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