1801 Wittington PlFarmers Branch, TX 75234

Property Details for 1801 Wittington Pl

Year built

2020

Construction

TILT-UP CONCRETE

Lot size

4.97 AC

Property size (Sq ft)

100,000 SF

Property type

Office buildings

APN

24116030010010000

APU

24116030010010000

Description

This exceptional 96,592-square-foot, four-story Class B office building presents a compelling value-add investment opportunity. Constructed in 2021, the property boasts high-quality finishes and timeless architecture, situated on a fee-simple ownership basis. Currently at 17.1% occupancy with two tenants, this multi-tenant building offers significant upside potential through lease-up. Located at 1801 Wittington Pl, Farmers Branch, TX 75234, in the desirable Las Colinas submarket of Dallas County, this property benefits from its strategic location near major transportation arteries: Hwy 161, Interstate 635, and I-35. The strong market fundamentals of the Dallas MSA, including a talented workforce, business-friendly environment, and low cost of living, contribute to the property's potential for increased occupancy and predictable returns. The building's prime location within a high-growth area, coupled with its pricing significantly below replacement cost, makes it an attractive proposition for owner-users or investors seeking value-add opportunities in a thriving Texas market. This single building offers a unique chance to capitalize on the ongoing growth and demand in the Dallas-Fort Worth area. The property is priced to offer significant upside potential through increased occupancy and strong market conditions.

• CAP approach

  CAP return

  Valuation

  6%

  $15,374,256

  6.5%

  $14,191,621

  7%

  $13,177,934

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,038,207

  Geo Method

  $12,032,000

• Alternative Use

  Use

  Valuation

  Residential

  $17,597,610

  Hospitality

  $16,119,316

  Educational

  $13,411,082

  Medical

  $13,872,309

  Retail

  $20,861,682

Location Insight

City

Farmers Branch

County

Dallas

State

Texas

Latitude

32.9179

Longitude

-96.918

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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