2501 Main StEuless, TX 76039

  • Investment properties
  • 7,140 SF
For Sale
$2,070,000 View listing

Property Details for 2501 Main St

Year built
1984
Lot size
0.88 AC
Property size (Sq ft)
7,140 SF
Property type
Investment properties
Property subtype
Live-work space
APN
1905-1-C-C
APU
19051CC

Description

Bear Creek Center, located at 2501 N Main St, Euless, Texas 76039, presents a compelling investment opportunity. This stabilized shopping center boasts 16,633 square feet across two single-story buildings situated on a 1.39-acre lot in Tarrant County. Built in 1984, the property currently enjoys 100% occupancy with eight units, generating a substantial net operating income (NOI) of $121,380, representing a 6.00% capitalization rate. The asking price is $2,070,000, translating to $124.45 per square foot. The property benefits from a triple-net (NNN) lease structure, minimizing landlord responsibilities. A key feature is its gas station anchor tenant, providing strong stability and consistent income. Its strategic location within a densely populated residential area ensures high foot traffic and consistent customer base. Furthermore, the property received a new roof in 2021, minimizing immediate capital expenditure needs. This turnkey investment offers a rare opportunity to acquire a well-maintained, high-performing retail asset in a prime location. The property's strong financials and desirable location make it an attractive addition to any portfolio.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,217,753
    6.5%
    $1,124,079
    7%
    $1,043,788
  • Comparable approach

    Method
    Valuation
    Relative Method
    $779,086
    Geo Method
    $1,874,185
  • Alternative Use

    Use
    Valuation
    Residential
    $1,393,858
    Hospitality
    $1,276,767
    Educational
    $1,062,255
    Medical
    $1,098,788
    Retail
    $1,652,397
2501 Main St, Euless, Texas

Location Insight

City
Euless
County
Tarrant
State
Texas
Latitude
32.8725
Longitude
-97.0835
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,323
$184,277
$661,379
$845,656
-
$184,277
$661,379
$845,656

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