2629 Stemmons FwyDallas, TX 75207

  • Retail properties
  • 43,034 SF
For Lease

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
Retail properties
Property subtype
Strip malls
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
2629 Stemmons Fwy, Dallas, Texas

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$56,691
$1,944,760
$525,690
$2,470,450
-
$1,944,760
$525,690
$2,470,450

FAQs

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