2701 Matlock RdArlington, TX 76015

Property Details for 2701 Matlock Rd

Year built

2016

Lot size

2.29 AC

Property size (Sq ft)

10,553 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

25139-1-5

APU

2513915

Description

This 10,571 square foot, single-story medical or office building in Arlington, Texas, offers 3,055 square feet of immediately available space. Built in 2016, the property boasts attractive stone and architectural features, prominent monument signage on heavily-traveled Matlock Road, and easy access from both directions. The 1.46-acre site includes 51 parking spaces. The interior features high-quality finishes, a flexible floor plan ideal for medical or office use, double front entrances, a separate private rear entrance, a private kitchen, two restrooms, ample storage with built-in cabinetry, and two lobby areas suitable for reception or check-in/check-out. The 14-foot ceilings and excellent condition make this a turnkey opportunity in the Mid-Cities submarket of Arlington/Mansfield. The property is located at 2701 Matlock Rd, Arlington, TX 76015, and features electric and gas power. The minimum divisible space is 3,055 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $2,020,866

  6.5%

  $1,865,414

  7%

  $1,732,171

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,350,415

  Geo Method

  $3,159,463

• Alternative Use

  Use

  Valuation

  Residential

  $2,313,114

  Hospitality

  $2,118,800

  Educational

  $1,762,817

  Medical

  $1,823,443

  Retail

  $2,742,159

Location Insight

City

Arlington

County

Tarrant

State

Texas

Latitude

32.7006

Longitude

-97.1136

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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