1312 Glade RdColleyville, TX 76034

Property Details for 1312 Glade Rd

Year built

2006

Lot size

0.51 AC

Property size (Sq ft)

6,280 SF

Property type

Office buildings

APN

14637-1-2

APU

1463712

Description

This exceptional Class A office building, located at 1312 Glade Rd in Colleyville, Texas, presents a unique investment opportunity. The 5,978 square-foot building, constructed in 2006, sits on a 0.51-acre lot within a professional business park. Its convenient location offers easy access to Highways 26, 121, and 183, placing it within reach of a thriving and affluent community. The single-tenant building is currently vacant, providing immediate occupancy for an owner-user or investor seeking a strong return. The interior boasts 11 offices, two conference rooms, a workroom, two restrooms, a large kitchen, and an outdoor patio. Ample parking is available with six covered spaces and nineteen uncovered spaces. Previously occupied by a CPA firm, this property is ideally suited for a variety of professional office users, including advertising, engineering, insurance, or real estate firms. The asking price is $1,763,510, translating to $295 per square foot. The two-story building offers a blend of functionality and professional appeal, making it a highly desirable asset in the competitive Colleyville market. The property's proximity to restaurants and retail shops further enhances its attractiveness. This is a rare opportunity to acquire a well-maintained, centrally located office building in a highly sought-after area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,557,076

  6.5%

  $1,437,301

  7%

  $1,334,636

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,139,995

  Geo Method

  $1,647,540

• Alternative Use

  Use

  Valuation

  Residential

  $1,782,253

  Hospitality

  $1,632,534

  Educational

  $1,358,249

  Medical

  $1,404,961

  Retail

  $2,112,832

Location Insight

City

Colleyville

County

Tarrant

State

Texas

Latitude

32.8821

Longitude

-97.1473

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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