2275 Westpark CtEuless, TX 76040

Property Details for 2275 Westpark Ct

Year built

1983

Lot size

1.22 AC

Property size (Sq ft)

17,478 SF

Property type

Office buildings

APN

45920--9-10

APU

45920910

Description

This two-story, 17,478 square foot medical office building, built in 1983 and renovated in 2021, offers multiple suites ranging from 1,070 to 4,874 contiguous square feet. Currently, 13,035 square feet are vacant, providing significant opportunities for medical or traditional office tenants. The building boasts a desirable brick facade, a welcoming lobby with a large skylight, an elevator, and ample parking (88 spaces). Strategically located near Hwy 183 and Westpark Way in the Hurst-Euless-Bedford medical district, this property enjoys convenient access to major roadways (Hwy 121) and proximity to Texas Health Methodist HEB and other medical facilities. Specific suite sizes include 1,070, 3,004, 4,874, and a combined 5,003 square feet. The property sits on 1.22 acres and is zoned for commercial use. Monument signage is available. This is a second-generation medical office building with on-site property management.

• CAP approach

  CAP return

  Valuation

  6%

  $3,346,981

  6.5%

  $3,089,521

  7%

  $2,868,841

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,236,573

  Geo Method

  $4,604,760

• Alternative Use

  Use

  Valuation

  Residential

  $3,831,006

  Hospitality

  $3,509,181

  Educational

  $2,919,597

  Medical

  $3,020,007

  Retail

  $4,541,596

Location Insight

City

Euless

County

Tarrant

State

Texas

Latitude

32.8342

Longitude

-97.1187

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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