5601 Basswood BlvdFort Worth, TX 76137

Property Details for 5601 Basswood Blvd

Year built

2007

Lot size

8.47 AC

Property size (Sq ft)

36,080 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

31566-1-1

APU

3156611

Description

Park Glen Summit offers a 1,300 square foot office suite for lease within a 36,035 square foot Class A retail and office center located at 5601 Basswood Blvd, Fort Worth, TX 76137. This versatile space is ideal for a variety of uses, including traditional office, executive office, coworking, medical office, or creative office tenants. The property boasts a highly visible location at the northwest quadrant of Highway 377 and Basswood Boulevard, providing excellent access to major arterials like I-820 and I-35. Its strategic placement adjacent to the entrance of the Summerfields residential development, the largest neighborhood association in Tarrant County, ensures high traffic and visibility. The building offers multiple tenancy options, with a minimum divisible space of 1,300 square feet and a maximum contiguous space of 1,300 square feet currently available. The property is well-suited for both established businesses and new ventures, offering flexible lease terms. This prime location provides exceptional opportunities for businesses seeking high visibility and convenient access to a large residential population. The property is part of a larger retail center, offering a diverse range of amenities and services to tenants and customers alike. Currently, 1,300 square feet of vacant space is immediately available.

• CAP approach

  CAP return

  Valuation

  6%

  $10,049,533

  6.5%

  $9,276,492

  7%

  $8,613,885

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,503,975

  Geo Method

  $23,883,742

• Alternative Use

  Use

  Valuation

  Residential

  $7,825,068

  Hospitality

  $7,167,720

  Educational

  $5,963,459

  Medical

  $6,168,552

  Retail

  $9,276,492

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Latitude

32.8755

Longitude

-97.2634

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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