3916 Ledbetter DrDallas, TX 75233

  • Retail properties
  • 10,730 SF
For Sale
$1,800,000 View listing

Property Details for 3916 Ledbetter Dr

Year built
1972
Construction
STEEL FRAME
Lot size
0.98 AC
Property size (Sq ft)
10,730 SF
Zone code
Z116
Property type
Retail properties
Property subtype
Gas stations
APN
655471000000
APU
655471000000

Description

This exceptional 11,000 square foot commercial property, located at 3916 W Ledbetter Drive in Dallas County, presents a unique investment opportunity. Built in 1972, the single-tenant building sits on a generous 0.98-acre lot, offering significant expansion potential. Currently configured as an auto body repair shop, the property is equipped with several car lifts and a paint booth, representing a turnkey operation for a prospective buyer. The substantial building size and ample land provide flexibility for a variety of uses, including continuing the existing auto body repair business, or potentially incorporating a complementary business such as a tow truck service or even a small auto dealership. The property's location in Dallas County offers excellent access to major transportation routes and a strong customer base. The substantial size of both the building and the land provides significant upside potential for future growth and development. This is a rare opportunity to acquire a well-established business with significant expansion possibilities in a desirable Dallas location. The property's existing infrastructure, including the car lifts and paint booth, represents a significant cost savings for a new owner. The 0.98-acre lot provides ample space for outdoor storage, customer parking, or future expansion projects. This is an ideal property for an entrepreneur looking to establish or expand their automotive business in a thriving market. The property's single-tenant occupancy simplifies management and provides a stable income stream.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,690,159
    6.5%
    $2,483,224
    7%
    $2,305,850
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,950,446
    Geo Method
    $8,095,386
  • Alternative Use

    Use
    Valuation
    Residential
    $2,094,692
    Hospitality
    $1,918,727
    Educational
    $1,596,358
    Medical
    $1,651,259
    Retail
    $2,483,224
3916 Ledbetter Dr, Dallas, Texas

Location Insight

City
Dallas
County
Dallas
State
Texas
Latitude
32.6907
Longitude
-96.8848
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
$12,421
$85,730
$439,760
$525,490
-
$85,730
$439,760
$525,490

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