4061 Interstate 20Arlington, TX 76017

  • Office buildings
  • 10,516 SF

Property Details for 4061 Interstate 20

Year built
2020
Lot size
0.99 AC
Property size (Sq ft)
10,516 SF
Property type
Office buildings
APN
26560--15R2
APU
2656015R2

Description

This exceptional investment opportunity presents a fully occupied, 10,550-square-foot medical office building situated at 4061 W Interstate 20 in Arlington, Texas. Constructed in 2020, this Class B, single-story building is situated on a prominent 43,091-square-foot lot at the hard corner of I-20 and Elliot Road, ensuring high visibility and accessibility. The property features a multi-tenant occupancy, currently at 100%, with a diverse tenant mix including medical practices and a title company. The Net Net Net (NNN) lease structure offers a passive income stream for investors. This prime location in Tarrant County, Texas, zip code 76017, offers significant potential for long-term growth and return on investment within a thriving commercial real estate market. The building's modern construction and strategic location make it an attractive asset for discerning investors seeking a stable and profitable addition to their portfolio. The property's high occupancy rate and strong tenant base further enhance its appeal. This is a rare opportunity to acquire a well-performing medical office building in a high-demand area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,013,780
    6.5%
    $1,858,874
    7%
    $1,726,098
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,345,680
    Geo Method
    $3,148,385
  • Alternative Use

    Use
    Valuation
    Residential
    $2,305,004
    Hospitality
    $2,111,371
    Educational
    $1,756,636
    Medical
    $1,817,050
    Retail
    $2,732,545

Location Insight

City
Arlington
County
Tarrant
State
Texas
Latitude
32.6766
Longitude
-97.173
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
$42,348
$258,222
$1,739,818
$1,998,040
-
$258,222
$1,739,818
$1,998,040

FAQs

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