408 Singleton BlvdDallas, TX 75212

Property Details for 408 Singleton Blvd

Year built

1955

Construction

FRAME

Lot size

0.64 AC

Property size (Sq ft)

420 SF

Zone code

Z239

Property type

Office buildings

APN

671905000000

APU

671905000000

Description

This exceptional 27,878-square-foot retail property is located at 408 Singleton Blvd, Dallas, Texas, 75212. Situated in Dallas County, this commercial space is zoned PD - 891, offering significant potential for a variety of retail businesses. The property benefits from its strategic location within a rapidly developing area. A major catalyst for this growth is the upcoming second phase of Megatel's development, which will encompass approximately 2,100 apartments and is slated to begin construction this year. This substantial residential addition will significantly increase foot traffic and consumer demand in the immediate vicinity. Furthermore, the property's proximity to Megatel's master-planned community, featuring a crystal lagoon, provides an attractive and amenity-rich environment. This location has experienced a surge in development activity, fueled by projects such as the construction of the Margaret Hunt Hill Bridge completed in the last decade. This ongoing revitalization makes this retail space an exceptional investment opportunity in a thriving Dallas neighborhood. The property's size and zoning provide flexibility for a wide range of retail concepts, capitalizing on the area's burgeoning population and economic growth.

• CAP approach

  CAP return

  Valuation

  6%

  $64,572

  6.5%

  $59,605

  7%

  $55,347

• Comparable approach

  Method

  Valuation

  Relative Method

  $42,160

  Geo Method

  $125,744

• Alternative Use

  Use

  Valuation

  Residential

  $73,910

  Hospitality

  $67,701

  Educational

  $56,327

  Medical

  $58,264

  Retail

  $87,619

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.7783

Longitude

-96.8307

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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