Property profile

1801 Wittington Pl Farmers Branch, TX 75234

OFF-MARKET
Office buildings
Property ID
US82-4996367
100,000 SF 4.97 ac lot Built 2020
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 96,592-square-foot, four-story Class B office building presents a compelling value-add investment opportunity. Constructed in 2021, the property boasts high-quality finishes and timeless architecture, situated on a fee-simple ownership basis. Currently at 17.1% occupancy with two tenants, this multi-tenant building offers significant upside potential through lease-up. Located at 1801 Wittington Pl, Farmers Branch, TX 75234, in the desirable Las Colinas submarket of Dallas County, this property benefits from its strategic location near major transportation arteries: Hwy 161, Interstate 635, and I-35. The strong market fundamentals of the Dallas MSA, including a talented workforce, business-friendly environment, and low cost of living, contribute to the property's potential for increased occupancy and predictable returns. The building's prime location within a high-growth area, coupled with its pricing significantly below replacement cost, makes it an attractive proposition for owner-users or investors seeking value-add opportunities in a thriving Texas market. This single building offers a unique chance to capitalize on the ongoing growth and demand in the Dallas-Fort Worth area. The property is priced to offer significant upside potential through increased occupancy and strong market conditions.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2020
Construction TILT-UP CONCRETE
Total area 100,000 SF
Lot 4.97 ac (216,319 SF)
APN 24116030010010000
UPID US82-4996367

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1801 Wittington Pl Farmers Branch, TX 75234-1993
Farmers Branch metro Census 14002 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$12.37M
Blend (final) Blend
$12.40M

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $15.2M +91.1%
Auto repair, garage $11.8M +48.0%
Medical building $9.0M +12.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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