St Hwy 274 Tool, TX 75143
LAND - Other - Tool, TX
Property Features for St Hwy 274
General Information
- Property type
- Land
- Property subtype
- Other
- Vegetation
- Grassed
- Standard status
- Active
- APN
- 066001300A2063
- Lot size
- 10.60 Acres
Taxes and HOA fees
- Tax Description
- TR 13A-2 AB 660 N G RUSSELL SUR, TR 13A-2
- Tax Annual Amount
- 2910
Building Details
- Architectural style
- Other
- Additional Structures
- Barn(s)
Listing agent Michelle Mikhail License #0681749 (888) 455-6040
Listing office Fathom Realty LLC Colleyville, TX (888) 455-6040
Listing date Jun 27, 2026
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Investment Insights
Based on property information with market context.
Strategically, the commercial portion benefits from partial road frontage along a busy corridor, while the residential portion fronts a countryside road suitable for a future home build. The property includes commercial road frontage along TX-274 (Tool Rd) and residential zoning frontage measurements are provided as 452 and 315 square feet. City sewer is available, and a survey is referenced in the transaction desk documents and photos.
Well suited for owner-operators seeking a combination location, this offering can support a retail business, church, or service-type operation while keeping a residential build option on the same property. The live-work format and existing shop provide a practical starting point for businesses that want visibility on the commercial frontage and a home setting on the residential side.
Key Highlights
- Multi‑use property with commercial road frontage on Tx‑274 (Tool Rd) and residential zoning frontage for a new home
- 602 sq ft commercial road frontage on Tx‑274 (Tool Rd) plus residential frontage totaling 452 and 315 sq ft
- Includes an existing shop with utilities: electricity, a water well, and a pond
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.5k | $30.72 |
| − Vacancy | −$4.7k | −$7.77 |
| EGI | $13.8k | $22.95 |
| − OpEx | −$3.5k | −$5.74 |
| NOI | $10.4k | $17.21 |
