14430 Midway RdFarmers Branch, TX 75244

Property Details for 14430 Midway Rd

Year built

1978

Construction

TILT-UP CONCRETE

Lot size

3.46 AC

Property size (Sq ft)

45,460 SF

Zone code

Z123

Property type

Other commercial real estate

Property subtype

Showrooms

APN

24008500020030000

APU

24008500020030000

Description

Midway Center offers a prime 1,875-square-foot executive office suite within a larger 46,064-square-foot retail and office building in Dallas County. This single-tenant space is situated in a thriving commercial area, boasting convenient access to major thoroughfares including the North Dallas Tollway, 635 LBJ Freeway, and Addison Airport. The building's Class B designation reflects its high-quality features, enhanced by extensive 2017 renovations. These upgrades encompass a refreshed façade, striking curved entry walls, and beautifully landscaped grounds. The property benefits from a high daytime population due to its proximity to numerous office, industrial, and multi-family complexes. The location also provides easy access to a wide array of amenities, including numerous hotels, retailers, and over 200 restaurants in the renowned Addison dining district. Ample parking is available, with a parking ratio of 5.8 spaces per unit. The 3.46-acre lot provides ample space and visibility. Local, proactive ownership and management ensure efficient operations and responsive service. This exceptional location and recent renovations make this executive office suite an ideal opportunity for businesses seeking a prestigious and convenient address.

• CAP approach

  CAP return

  Valuation

  6%

  $13,264,767

  6.5%

  $12,244,401

  7%

  $11,369,801

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,407,322

  Geo Method

  $13,783,763

• Alternative Use

  Use

  Valuation

  Residential

  $10,328,610

  Hospitality

  $9,460,951

  Educational

  $7,871,400

  Medical

  $8,142,110

  Retail

  $12,244,401

Location Insight

City

Farmers Branch

County

Dallas

State

Texas

Latitude

32.9484

Longitude

-96.8382

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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