3963 Boat Club RdLake Worth, TX 76135
- Healthcare properties
- 7,574 SF
Property Details for 3963 Boat Club Rd
- Year built
- 1997
- Lot size
- 1.00 AC
- Property size (Sq ft)
- 7,574 SF
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 8527-1-1
- APU
- 852711
Description
This 7,328 square foot, single-story Class B office building in Lake Worth, TX, presents a unique owner-user opportunity. Located on Boat Club Road, a major thoroughfare with high daily traffic volume (12,462 vehicles), this property boasts a prime location within a thriving commercial hub of Northwest Tarrant County. The building, constructed in 1997 on a 1.01-acre lot, is zoned for commercial use and features a flexible floor plan ideal for various medical, office, or retail uses. Currently configured for a health and wellness practice, including 11-12 exam rooms with sinks, 2-3 offices, 2-3 lab/conference rooms, 4 records/work areas, and 3 bathrooms, the space can be easily adapted to suit diverse needs. The building's proximity to major employers like Lockheed Martin and Naval Air Station Fort Worth, along with numerous schools and residential developments, ensures a strong customer base and high visibility. The area's robust demographics, including a 21% population growth since 2010 and a projected 12% increase in average household income by 2028, further enhance the property's investment potential. The current owner-occupants, two physicians, will be vacating, offering flexibility for the new owner. The secondary owner may lease back a portion of the space, providing a smooth transition. This turnkey opportunity offers immediate access to a high-demand market with limited new commercial development. The asking price is $2,000,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,435,117
- 6.5%
- $1,324,723
- 7%
- $1,230,100
-
Comparable approach
- Method
- Valuation
- Relative Method
- $875,008
- Geo Method
- $2,267,580
-
Alternative Use
- Use
- Valuation
- Residential
- $1,642,657
- Hospitality
- $1,504,665
- Educational
- $1,251,864
- Medical
- $1,294,917
- Retail
- $1,947,343
Location Insight
- City
- Lake Worth
- County
- Tarrant
- State
- Texas
- Latitude
- 32.8126
- Longitude
- -97.4208
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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