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768 Bandit Trl 1,947 SF Office Building Keller, TX 76248 $1,767,350 CAD ($907.73 CAD/SF) 3.74% Cap Rate
Investment Highlights
- Located on a high-visibility corner of Davis Boulevard and Bandit Trail within an established residential and commercial area.
- 1.47-acre site provides room for future expansion and additional improvements.
- Private parking with 10 dedicated surface spaces and a favorable parking ratio.
- Fully leased to a national brand tenant with a five-year term and two renewal options at market rate.
- Recently updated building and parking to comply with city codes and fire safety regulations.
- Situated in a growing Mid-Cities submarket near major transportation routes and amenities.
Executive Summary
This investment opportunity offers a fully leased office property situated on a prominent corner at Davis Boulevard and Bandit Trail in Keller, Texas. The asset consists of a 1,947 SF office building on approximately 1.47 acres, with zoning suitable for office or medical use. A national brand tenant occupies the property under a five-year lease, providing two additional five-year renewal options at market rates and annual 2% rent increases, ensuring predictable revenue streams for investors.
The property features updated private parking, including 10 surface spaces and a ratio of 5.7/1000, and benefits from recent renovations that meet current city code requirements. Surrounded by mature trees and established neighborhoods, the property offers strong visibility from two major thoroughfares. Additional land on site allows for future expansion or development potential, creating long-term value for buyers.
With an asking price of $1.3 million and inclusion of land, structure, and lease in place, this property represents a stable income-producing investment in the thriving Dallas–Fort Worth metropolitan area.
The property features updated private parking, including 10 surface spaces and a ratio of 5.7/1000, and benefits from recent renovations that meet current city code requirements. Surrounded by mature trees and established neighborhoods, the property offers strong visibility from two major thoroughfares. Additional land on site allows for future expansion or development potential, creating long-term value for buyers.
With an asking price of $1.3 million and inclusion of land, structure, and lease in place, this property represents a stable income-producing investment in the thriving Dallas–Fort Worth metropolitan area.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
1,947 SF
Building Class
B
Year Built/Renovated
1940/2020
Price
$1,767,350 CAD
Price Per SF
$907.73 CAD
Cap Rate
3.74%
NOI
$66,099 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,947 SF
Building FAR
0.03
Lot Size
1.47 AC
Zoning
Office - Commercial Office: Medical Office.
Parking
10 Spaces (5.6 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Conferencing Facility
- Fireplace
- Kitchen
- Accent Lighting
- Energy Performance Rating - A
- Reception
- Central Heating
- High Ceilings
- Natural Light
- Recessed Lighting
- Wi-Fi
- Hardwood Floors
- Yard
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 41016173 | Improvements Assessment | $668,297 CAD |
| Land Assessment | $334,528 CAD | Total Assessment | $1,002,825 CAD |
Property Taxes
Parcel Number
41016173
Land Assessment
$334,528 CAD
Improvements Assessment
$668,297 CAD
Total Assessment
$1,002,825 CAD
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768 Bandit Trl
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