1825 Wimbledon DrArlington, TX 76017

Property Details for 1825 Wimbledon Dr

Year built

1993

Lot size

1.15 AC

Property size (Sq ft)

9,728 SF

Property type

Day care centers & nurseries

APN

40290--12R1

APU

4029012R1

Description

This exceptional 12,362-square-foot office building, situated on a 1.15-acre lot at 1825 Wimbledon Dr, Arlington, TX 76017 (Wimbledon Dr & Copper St), presents a unique investment opportunity. Built in 1993, this two-story building features a minimum divisible space of 7,000 square feet, currently vacant. The property is zoned CC (Community Commercial Planned Development), allowing for diverse uses. Previously utilized as an after-school facility, the property boasts a large playground area with existing play equipment. The 7,000-square-foot first-floor space is available for lease at approximately $12,250 per month, comprising a base rent of roughly $9,333 and estimated NNN expenses of $2,917. This translates to an asking rent of $16 per square foot plus approximately $5 per square foot in NNN charges. Suitable for various uses including executive, medical, and traditional office spaces, art/dance studios, and ABA therapy centers. Note that the space is not suitable for standard childcare facilities

• CAP approach

  CAP return

  Valuation

  6%

  $2,111,260

  6.5%

  $1,948,860

  7%

  $1,809,660

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,244,840

  Geo Method

  $2,912,470

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,891,250

  Retail / Commercial

  $1,984,770

  Mixed-Use / Specialty

  $1,969,300

  Hospitality / Lodging

  $1,433,890

  Office

  $1,948,860

  Institutional / Educational

  $2,044,280

  Residential Income

  $2,391,810

  Multifamily

  $2,915,120

  Automotive / Energy

  $1,752,240

  Parking / Income-Based Land

  $612,966

  Restaurant / Food Service

  $1,006,340

  Healthcare / Senior Housing

  $2,028,080

Location Insight

City

Arlington

County

Tarrant

State

Texas

Latitude

32.6636

Longitude

-97.1355

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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