122 Grapevine HwyHurst, TX 76054

  • Healthcare properties
  • 3,679 SF
For Lease

Property Details for 122 Grapevine Hwy

Year built
2007
Lot size
0.53 AC
Property size (Sq ft)
3,679 SF
Property type
Healthcare properties
Property subtype
Medical offices
APN
3156-1-1A
APU
315611A

Description

This exceptional 3,679-square-foot medical office building is located at 122 Grapevine Highway in Hurst, Texas, within Tarrant County. Built in 2007, the property offers a single-tenant occupancy opportunity, with the entire space currently vacant. The building sits on a 0.528-acre lot, providing ample space and potential for future expansion or outdoor amenities. The property's classification as a medical office building suggests its suitability for a variety of healthcare practices. Its location in Hurst, Texas, offers convenient access to major transportation routes and a thriving community. The property's single-tenant status presents a unique opportunity for a medical professional or group seeking a dedicated space to establish or expand their practice. The year 2007 construction date indicates a relatively modern building with potentially updated systems and features. The vacant status allows for immediate occupancy and customization to suit the specific needs of the new tenant. The 0.528-acre lot size provides flexibility for future development or parking expansion. This property presents a compelling investment opportunity in a desirable location within a growing market. The zip code is 76054.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $660,992
    6.5%
    $610,147
    7%
    $566,565
  • Comparable approach

    Method
    Valuation
    Relative Method
    $421,537
    Geo Method
    $966,310
  • Alternative Use

    Use
    Valuation
    Residential
    $756,582
    Hospitality
    $693,025
    Educational
    $576,588
    Medical
    $596,418
    Retail
    $896,915
122 Grapevine Hwy, Hurst, Texas
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Location Insight

City
Hurst
County
Tarrant
State
Texas
Latitude
32.8707
Longitude
-97.1684
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
$19,654
$230,160
$749,090
$979,250
-
$230,160
$749,090
$979,250

FAQs

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