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7148 Trail Lake Dr 5,000 SF 100% Leased Office Building Fort Worth, TX 76123 $2,891,469 CAD ($578.29 CAD/SF)



INVESTMENT HIGHLIGHTS
- 29 paved spaces, 10 gravel spaces in back
- Year Built: 2004
EXECUTIVE SUMMARY
Building has been used as a medical office for over 12 years. It could be used as a general office building with very little modification. There are 9 exam rooms, 2 administrative office (with check-in window), one large office that can be used for therapy or procedures, 2 waiting rooms, one break room, one storage/utility room, and 5 bathrooms. A remodel was done in 2020 that was approximately $250,000.
The property has an uncommon and very liberal industrial park zoning. There is room to build a second building behind the first with ample parking. Construction can go up to 3 stories. A sample site plan was done to demonstrate what the property can accommodate, see attached. A sewer line extension was installed under the side parking lot for future construction of a second building. The property was built in 2004 and has only had one owner. It is 1.1 miles to the Chisholm Trail Parkway.
There is a private 550 ft water well for property irrigation. Saves thousands in city water costs and not subject to water restrictions. When tested in June 2004 it yielded 40gpm with 0 ft drawdown after 1hr.
The property has an uncommon and very liberal industrial park zoning. There is room to build a second building behind the first with ample parking. Construction can go up to 3 stories. A sample site plan was done to demonstrate what the property can accommodate, see attached. A sewer line extension was installed under the side parking lot for future construction of a second building. The property was built in 2004 and has only had one owner. It is 1.1 miles to the Chisholm Trail Parkway.
There is a private 550 ft water well for property irrigation. Saves thousands in city water costs and not subject to water restrictions. When tested in June 2004 it yielded 40gpm with 0 ft drawdown after 1hr.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
5,000 SF
Building Class
C
Year Built/Renovated
2004/2020
Price
$2,891,469 CAD
Price Per SF
$578.29 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,000 SF
Building FAR
0.06
Lot Size
1.91 AC
Zoning
IP - Industrial Park
1 1
PROPERTY TAXES
| Parcel Number | 42239905 | Improvements Assessment | $870,316 CAD |
| Land Assessment | $344,004 CAD | Total Assessment | $1,214,320 CAD |
PROPERTY TAXES
Parcel Number
42239905
Land Assessment
$344,004 CAD
Improvements Assessment
$870,316 CAD
Total Assessment
$1,214,320 CAD
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7148 Trail Lake Dr
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