11355 Mccree RdDallas, TX 75238

Property Details for 11355 Mccree Rd

Year built

1983

Construction

TILT-UP CONCRETE

Lot size

0.56 AC

Property size (Sq ft)

9,838 SF

Zone code

Z200

Property type

Office buildings

APN

0074870B0002A0000

APU

0074870B0002A0000

Description

This exceptional 9,550-square-foot Class C office building in Dallas, Texas, presents a compelling investment opportunity. Situated on a 24,497-square-foot lot, the property boasts a desirable location with approximately 130 feet of frontage on McCree Road and approximately 190 feet on Pandora Drive. The two-story building, constructed in 1983, features a single tenant, Ardurra Inc., currently occupying the entire space (100% occupancy) under a NNN lease. The tenant is scheduled to vacate in the first quarter of 2025, providing flexibility for future use. The building offers 6,405 square feet on the first floor and 3,145 square feet on the second floor. Ample surface parking is available, with 27 spaces accommodating a ratio of 2.83 spaces per 1,000 square feet. The property is zoned NOA (Neighborhood Office), making it suitable for a variety of uses. This is an ideal opportunity for an owner-operator seeking a well-located property with significant potential. The sale is offered as-is, where-is. The property's current zoning and ample parking make it a highly attractive investment. The building's size and layout offer flexibility for future tenants or potential redevelopment. This is a rare opportunity to acquire a well-maintained property in a thriving Dallas location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,822,467

  6.5%

  $1,682,277

  7%

  $1,562,115

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,210,521

  Geo Method

  $2,577,747

• Alternative Use

  Use

  Valuation

  Residential

  $2,086,024

  Hospitality

  $1,910,787

  Educational

  $1,589,752

  Medical

  $1,644,426

  Retail

  $2,472,948

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.8718

Longitude

-96.685

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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