1802 Pleasant Ridge RdArlington, TX 76015

Property Details for 1802 Pleasant Ridge Rd

Year built

2023

Lot size

0.58 AC

Property type

Office buildings

APN

32643-A-1

APU

32643A1

Description

This exceptional 6,142 square foot medical office building, completed in 2023, is ideally situated in Arlington, Tarrant County, Texas, at 1802 & 1803 W. Pleasant Ridge, zip code 76015. The property sits on a 1.15-acre lot and boasts a convenient parking ratio of 3.34 spaces per 1000 square feet. Currently, the entire 6,142 square feet is available for lease. The building is zoned CC-Community Commercial, offering flexibility for various medical or professional uses. Its prime location offers excellent access to I-20, less than a quarter-mile away, providing easy access to major transportation routes. Furthermore, the property benefits from its proximity to regional shopping centers and restaurants, enhancing its appeal and convenience for both patients and staff. This new construction presents a unique opportunity for a single tenant seeking a modern, well-located space in a thriving area of the Metroplex. The property is currently pre-leasing.

• CAP approach

  CAP return

  Valuation

  6%

  $4,819,783

  6.5%

  $4,449,030

  7%

  $4,131,242

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,220,752

  Geo Method

  $7,535,347

• Alternative Use

  Use

  Valuation

  Residential Income

  $5,516,798

  Hospitality / Lodging

  $5,053,357

  Institutional / Educational

  $4,204,334

  Healthcare / Senior Housing

  $4,348,927

  Retail / Commercial

  $6,540,074

Location Insight

City

Arlington

County

Tarrant

State

Texas

Latitude

32.6784

Longitude

-97.1377

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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