768 Bandit Trl 1,947 SF Office Building Keller, TX 76248 $1,300,000 ($667.69/SF) 3.74% Cap Rate

1.47 ACRES - LAND AND INCOME PRODUCING OFFICE SPACE: 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 Unique Vintage 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 prominent corner of Davis Boulevard and Bandit Trail, offering both cash flow and long-term land and redevelopment value. The existing 1,947 SF office building provides holding income while a buyer evaluates expansion, redevelopment, or the potential for additional improvements on the 1.47-acre corner tract. If the updated Vintage office and New parking lot were on a separate tract at less than 1/2 an acre the cap rate would be nearing 8%. There is great value in this investment property with the additional land.
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.