2655 Villa Creek DrFarmers Branch, TX 75234

  • Office buildings
  • 96,252 SF
For Lease
$14.50/SF/YR View listing

Property Details for 2655 Villa Creek Dr

Year built
1971
Construction
TILT-UP CONCRETE
Lot size
5.38 AC
Property size (Sq ft)
96,252 SF
Zone code
Z236
Property type
Office buildings
APN
24116500000010000
APU
24116500000010000

Description

One Metro Square, a 94,343 square foot, two-story office building in Farmers Branch, Texas (75234), offers a diverse range of office spaces, including traditional, executive, coworking, medical, and creative options. Located at 2655 Villa Creek Dr, this property boasts 8 suites, with a minimum divisible space of 1,077 square feet and a maximum contiguous space of 10,847 square feet. Currently, 36,623 square feet are vacant. Built in 1971 and renovated in 2014, the building sits on 5.38 acres and includes 322 parking spaces and elevators. Its strategic location off I-635 and I-35E provides easy access to major freeways, DFW and Love Field airports (within 20 minutes), Downtown Dallas (40 minutes), Legacy West (40 minutes), and Fort Worth (55 minutes). The property benefits from a large, accessible workforce, with 275,000 people within a 5-mile radius, and 68.88% of workers having a commute under 30 minutes. The well-maintained grounds are complemented by nearby shopping, dining, parks, and golf courses. This location offers businesses access to a dense employee pool and a thriving market. This is an ideal opportunity for businesses seeking a well-positioned, versatile office space in the heart of the DFW metroplex.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $14,798,029
    6.5%
    $13,659,719
    7%
    $12,684,025
  • Comparable approach

    Method
    Valuation
    Relative Method
    $9,661,975
    Geo Method
    $11,581,041
  • Alternative Use

    Use
    Valuation
    Residential
    $16,938,052
    Hospitality
    $15,515,164
    Educational
    $12,908,434
    Medical
    $13,352,375
    Retail
    $20,079,786

Location Insight

City
Farmers Branch
County
Dallas
State
Texas
Latitude
32.9123
Longitude
-96.8883
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
$110,660
$1,756,990
$3,443,010
$5,200,000
-
$1,756,990
$3,443,010
$5,200,000

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