2628 Matlock RdArlington, TX 76015

Property Details for 2628 Matlock Rd

Year built

2002

Lot size

0.95 AC

Property size (Sq ft)

8,268 SF

Property type

Medical offices

Property subtype

Medical space

APN

28060--140R

APU

28060140R

Description

This exceptional two-story, 8,268 square foot office building is situated on a 0.95-acre lot in Arlington, Texas, within the medical district. The property presents a unique opportunity for a medical practice or other professional service business seeking expansion or a new location. The first floor features generously sized exam rooms and open areas, seamlessly connected by an elevator and a welcoming reception area. The second floor offers a large open area, suitable for additional exam rooms or a separate office, with its own access point, providing flexibility for various operational needs. A third-floor space provides versatile overflow capacity, ideal for private offices, storage, or other uses. The building's design prioritizes functionality and practicality, creating a comfortable and efficient workspace. Its location in the heart of Arlington's medical district offers excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in a thriving professional community. The asking price for this distinctive property is $2,995,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,583,296

  6.5%

  $1,461,504

  7%

  $1,357,110

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,058,015

  Geo Method

  $2,475,356

• Alternative Use

  Use

  Valuation

  Residential

  $1,812,264

  Hospitality

  $1,660,024

  Educational

  $1,381,121

  Medical

  $1,428,620

  Retail

  $2,148,410

Location Insight

City

Arlington

County

Tarrant

State

Texas

Latitude

32.7006

Longitude

-97.1155

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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