820 Central DrColleyville, TX 76034

Property Details for 820 Central Dr

Year built

2011

Lot size

0.46 AC

Property size (Sq ft)

4,675 SF

Property type

Office buildings

APN

33635-2-1R1

APU

3363521R1

Description

This exceptional 4,675-square-foot Class A office building, constructed in 2011, is ideally situated in Colleyville, Texas, at 820 Central Dr, zip code 76034. The single-story building offers a flexible and adaptable layout perfect for a variety of uses, including traditional office, executive office, coworking, medical office, or creative office spaces. The property features a welcoming reception area, a spacious showroom with flanking offices, a dedicated conference room, a convenient lunchroom, and an executive suite complete with a private restroom. Adding to its unique features is a small, secure concrete safe room and a striking decorative steel front door and walls designed for exceptional wind resistance. Built with Insulated Concrete Form (ICF) wall construction, foam-insulated rafters, and a TPO roof, this building boasts superior energy efficiency, resulting in significantly lower utility costs and a remarkably quiet work environment. The absence of load-bearing interior walls provides the new tenant with the freedom to customize the showroom and office spaces to perfectly suit their specific needs. This property presents a rare opportunity to acquire a high-quality, versatile office space in a desirable Colleyville location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,159,129

  6.5%

  $1,069,965

  7%

  $993,539

• Comparable approach

  Method

  Valuation

  Relative Method

  $848,643

  Geo Method

  $1,225,895

• Alternative Use

  Use

  Valuation

  Residential

  $1,326,757

  Hospitality

  $1,215,302

  Educational

  $1,011,117

  Medical

  $1,045,891

  Retail

  $1,572,849

Location Insight

City

Colleyville

County

Tarrant

State

Texas

Latitude

32.8876

Longitude

-97.1551

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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