13500 Midway RdFarmers Branch, TX 75244

Property Details for 13500 Midway Rd

Year built

1973

Construction

TILT-UP CONCRETE

Lot size

3.15 AC

Property size (Sq ft)

43,340 SF

Zone code

Z395

Property type

Office buildings

APN

24119500010010000

APU

24119500010010000

Description

This exceptional office investment opportunity presents 10,580 square feet of immediately available space within the 44,339-square-foot, five-building 13500 Midway Road office park in Farmers Branch, Texas. The property, situated on 3.15 acres at the corner of Midway Road and Alpha Road, boasts high visibility with over 64,000 vehicles passing daily. Built in 1973 and renovated in 2019, this Class B office park offers a unique park-like setting. The single-story buildings feature 12-foot ceilings and provide flexible space options ranging from a minimum of 850 square feet to a maximum contiguous space of 5,796 square feet, ideal for multiple tenants or a single large occupant. The property is zoned LI and offers ample parking with a 3:1000 ratio. The property's executive and traditional office subtypes cater to a variety of business needs. This is a rare opportunity to acquire a well-maintained, highly visible office complex in a desirable Farmers Branch location with significant available space. The property's location and features make it an attractive investment for both owner-occupiers and investors seeking a strong return. The existing landscaping enhances the aesthetic appeal and provides a pleasant work environment. The property's size and layout offer considerable flexibility for future development or expansion.

• CAP approach

  CAP return

  Valuation

  6%

  $8,602,839

  6.5%

  $7,941,082

  7%

  $7,373,862

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,207,213

  Geo Method

  $5,214,669

• Alternative Use

  Use

  Valuation

  Residential

  $9,846,942

  Hospitality

  $9,019,746

  Educational

  $7,504,322

  Medical

  $7,762,408

  Retail

  $11,673,390

Location Insight

City

Farmers Branch

County

Dallas

State

Texas

Latitude

32.9325

Longitude

-96.8382

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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