1698 Keller PkwyKeller, TX 76248

Property Details for 1698 Keller Pkwy

Year built

2021

Lot size

0.39 AC

Property size (Sq ft)

3,000 SF

Property type

Office buildings

APN

2841T-1-4

APU

2841T14

Description

This exceptional 3,000 square foot office building, situated on a 0.39-acre lot at 1698 Keller Parkway in Keller, Texas, presents a lucrative investment opportunity. Currently fully leased, the property boasts two distinct office suites, each with its own private entrance, offering flexibility for a single tenant or the potential for multiple occupants. The modern interior design features an open floor plan, abundant natural light, and high-quality finishes, creating an attractive and productive work environment. The suites are well-designed and functional, catering to a variety of business needs and sizes. The property's prime location provides easy access to major highways, ensuring convenient commutes for employees and clients. Ample parking is available on-site, addressing the parking needs of tenants and visitors. This property is ideally positioned within a thriving commercial area experiencing significant growth, making it an excellent investment for long-term stability and potential appreciation. The asking price for this fully leased commercial property is $1,245,000. This presents a rare opportunity to acquire a high-quality, income-producing asset in a desirable location. The property's current occupancy and strong location make it an attractive investment for both seasoned and new investors seeking a stable and profitable addition to their portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $743,826

  6.5%

  $686,609

  7%

  $637,565

• Comparable approach

  Method

  Valuation

  Relative Method

  $544,584

  Geo Method

  $360,960

• Alternative Use

  Use

  Valuation

  Residential

  $851,395

  Hospitality

  $779,873

  Educational

  $648,845

  Medical

  $671,160

  Retail

  $1,009,315

Location Insight

City

Keller

County

Tarrant

State

Texas

Latitude

32.9328

Longitude

-97.2126

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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