2629 Stemmons FwyDallas, TX 75207

Property Details for 2629 Stemmons Fwy

Year built

1979

Construction

TILT-UP CONCRETE

Lot size

2.23 AC

Property size (Sq ft)

43,034 SF

Zone code

Z151

Property type

Strip malls

Property subtype

Neighborhood centers

APN

776364000000

APU

776364000000

Description

This exceptional Dallas office property, located at 2629 N. Stemmons Fwy, offers a prime opportunity for businesses seeking high-visibility space. The property boasts a total of 43,034 square feet across two single-story buildings, built in 1979 and extensively renovated in 2023. Multiple tenancy options are available, with spaces ranging from a minimum of 1,875 square feet to a maximum contiguous space of 2,953 square feet. Currently, 4,753 square feet is vacant and ready for immediate occupancy. The property sits on 2.23 acres of land and is zoned MU-3, providing flexibility for various business types. Its strategic location at the intersection of N. Stemmons Fwy and Motor St, adjacent to I-35, ensures exceptional visibility and convenient access. The property is ideal for traditional office, medical office, or creative office uses, and its proximity to the Dallas medical district offers a significant advantage. While elevators are not present, the single-story design provides easy accessibility. The property's 1979 construction, coupled with the 2023 renovation, guarantees modern amenities and functionality. This is an excellent opportunity to establish a presence in a high-traffic area with strong daytime population. The property's APN is 00000776364000000, and it's located in Dallas County, Texas, zip code 75207.

• CAP approach

  CAP return

  Valuation

  6%

  $9,725,751

  6.5%

  $8,977,617

  7%

  $8,336,358

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,886,002

  Geo Method

  $32,467,552

• Alternative Use

  Use

  Valuation

  Residential

  $7,572,956

  Hospitality

  $6,936,786

  Educational

  $5,771,325

  Medical

  $5,969,810

  Retail

  $8,977,617

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.8061

Longitude

-96.8422

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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