3610 Pioneer PkwyPantego, TX 76013

Property Details for 3610 Pioneer Pkwy

Year built

1964

Lot size

1.04 AC

Property size (Sq ft)

24,034 SF

Property type

Investment properties

Property subtype

Live-work space

APN

23600--9R

APU

236009R

Description

This exceptional investment opportunity presents two traditional office buildings totaling 24,034 square feet, situated on a generous 45,390 square foot lot at 3610 W Pioneer Pkwy, Pantego, TX 76013, near the cross street of Smith Berry. The property, classified as Class C, boasts a recent 2023 renovation, enhancing its appeal and functionality. Built in 1964, the two-story buildings offer multiple tenancy options with a current vacancy of only 426 square feet. Available spaces range from 426 to 1,036 square feet, providing flexibility for various business needs. The property features an 8'-4" ceiling height and provides 58 total parking spaces for tenant and visitor convenience. While elevators are not present, the two-story design ensures easy accessibility. Located in Tarrant County, Texas, this property offers a strategic location with convenient access to major roadways. The annual property taxes are $0.68 per square foot. This is an excellent opportunity to acquire a well-maintained, recently renovated office complex in a desirable location. The property's size and features make it suitable for a variety of uses, offering strong potential for return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $4,602,434

  6.5%

  $4,248,400

  7%

  $3,944,944

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,075,512

  Geo Method

  $7,195,540

• Alternative Use

  Use

  Valuation

  Residential

  $5,268,017

  Hospitality

  $4,825,475

  Educational

  $4,014,739

  Medical

  $4,152,812

  Retail

  $6,245,149

Location Insight

City

Pantego

County

Tarrant

State

Texas

Latitude

32.7125

Longitude

-97.1639

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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