5410 Wichita StForest Hill, TX 76119

Property Details for 5410 Wichita St

Year built

1954

Lot size

0.82 AC

Property size (Sq ft)

4,625 SF

Property type

Auto shops

APN

42460-18-1R

APU

42460181R

Description

This 8,500-square-foot industrial property, located at 5410 Wichita St in Forest Hill, Texas, presents a unique investment opportunity. The property consists of two buildings on a 1.64-acre lot, zoned LI (Light Industrial), offering versatility for various business applications. Built in 1953 and renovated in 2015, the property features a main office and a modern workshop with five 16-foot drive-in bays. Five dock-high doors facilitate efficient loading and unloading. The property boasts a fenced yard, an electronic gate, and a storage shed, enhancing security and functionality. Its prime location on high-traffic Wichita Street provides excellent visibility and convenient access to I-20. The asking price is $995,000, translating to $117.06 per square foot. This single-tenant, Class C property is offered under a NNN lease structure. The property's history includes a 50-year run as a successful auto repair business, making it a turnkey operation for a similar venture or a blank canvas for a new business. The property's features and location make it an attractive investment for entrepreneurs and business owners seeking a well-established and versatile space in a thriving area. The property is ready for immediate occupancy. Showings are by appointment only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,372,932

  6.5%

  $1,267,322

  7%

  $1,176,799

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,474,038

  Geo Method

  $3,489,390

• Alternative Use

  Use

  Valuation

  Residential

  $1,069,033

  Hospitality

  $979,229

  Educational

  $814,707

  Medical

  $842,726

  Retail

  $1,267,322

Location Insight

City

Forest Hill

County

Tarrant

State

Texas

Latitude

32.679

Longitude

-97.2805

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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