4315 Lancaster RdDallas, TX 75216

Property Details for 4315 Lancaster Rd

Year built

1951

Construction

TILT-UP CONCRETE

Lot size

1.54 AC

Property size (Sq ft)

17,000 SF

Zone code

Z59

Property type

Office buildings

APN

004326000A0010000

APU

004326000A0010000

Description

The Innovation Center, a single-story, 26,720 square foot Class B office building, presents a unique opportunity in Dallas County. Built in 1999 and extensively renovated in 2021, this property offers multiple tenancy options with four available suites ranging from 1,800 to 3,200 square feet. Ideal for medical, creative, or traditional office uses, the building sits on 1.65 acres of land and boasts convenient access to Lancaster Cross Street. The property features 24-hour access, controlled access, proximity to bus lines and commuter rail, and air conditioning. Parking is ample, with 3.89 spaces per 1,000 square feet. While there are no elevators, the single-story design ensures easy accessibility. The property is zoned CR and has a tax cost of $2.65 per square foot. This is a prime location for businesses seeking a modern and functional workspace in a thriving area. The building's recent renovation ensures modern amenities and efficient layouts, making it an attractive option for a variety of tenants. Don't miss this chance to secure your space in this dynamic Dallas County location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,899,411

  6.5%

  $2,676,380

  7%

  $2,485,210

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,854,968

  Geo Method

  $5,089,630

• Alternative Use

  Use

  Valuation

  Residential

  $3,318,711

  Hospitality

  $3,039,921

  Educational

  $2,529,179

  Medical

  $2,616,161

  Retail

  $3,934,278

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.6961

Longitude

-96.7946

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].