3963 Boat Club RdLake Worth, TX 76135

Property Details for 3963 Boat Club Rd

Year built

1997

Lot size

1.00 AC

Property size (Sq ft)

7,574 SF

Property type

Medical offices

Property subtype

Medical centers

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.

• 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

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