7240 Glenview DrRichland Hills, TX 76180

Property Details for 7240 Glenview Dr

Year built

1951

Lot size

0.39 AC

Property size (Sq ft)

2,522 SF

Property type

Office buildings

APN

34090-19-11

APU

340901911

Description

This exceptional single-story commercial building, located at 7240 Glenview Drive in Richland Hills, Texas, offers 2,522 square feet of versatile space currently configured as a retail and office space. Situated on a 17,000 square foot lot, the property boasts excellent visibility on Glenview Drive. The interior features a large open area, several sizable rooms suitable for offices or retail use, and numerous additional offices in the rear. The building includes two central air conditioning units, a mix of wood and laminate flooring, a small kitchen, and one restroom. A small storage building is also located on the property. Convenient washer/dryer hookups and a mop sink are included. Adequate parking is available on-site, with additional parking located at the rear of the building. The property is zoned for Professional Office Corridor Specific Use

• CAP approach

  CAP return

  Valuation

  6%

  $354,594

  6.5%

  $327,318

  7%

  $303,938

• Comparable approach

  Method

  Valuation

  Relative Method

  $279,093

  Geo Method

  $755,062

• Alternative Use

  Use

  Valuation

  Residential

  $405,874

  Hospitality

  $371,779

  Educational

  $309,315

  Medical

  $319,953

  Retail

  $481,157

Location Insight

City

Richland Hills

County

Tarrant

State

Texas

Latitude

32.8235

Longitude

-97.2259

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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