5539 Lake Ridge Pkwy Grand Prairie, TX 75052
- Medical offices
- 0.86 lot acres
Current Use by Public Records
- Medical offices
Property Details for 5539 Lake Ridge Pkwy
- Year built
- 2011
- Lot size
- 0.86 lot acres
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 23213G-A-3
- APU
- 23213GA3
Description
This exceptional 37,548 square foot commercial land parcel is ideally situated at 5539 Lake Ridge Pkwy, Grand Prairie, Texas, 75052, in Tarrant County. Zoned PD-267A General Retail, this property offers unparalleled visibility due to its frontage on a major roadway and shared entrance with established businesses. The location benefits from high traffic counts and exposure to a substantial customer base. Surrounded by numerous residential neighborhoods and conveniently located minutes from a popular lake, this site presents a unique opportunity for a variety of commercial ventures. The city's PD-267A zoning specifically permits commercial office development. For precise location, the property is west of a dental office and north of a daycare center. Offered at $318,000, this is a remarkable investment opportunity in a thriving Texas market. The current ownership is Wiesse Professional Bldg LLC.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $325,000
- 6.5%
- $380,000
- 7%
- $340,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $330,000
- Geo Method
- $340,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $335,000
- Retail
- $300,000
- Mixed-Use
- $385,000
- Hospitality
- $365,000
- Educational
- $285,000
- Residential Income
- $325,000
- Energy
- $350,000
- Income-Based Land
- $320,000
- Food Service
- $350,000
Location Insight
- Map
- Local Demand
- City
- Grand Prairie
- County
- Tarrant
- State
- Texas
- Longitude
- -97.049
- Latitude
- 32.6425
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
