Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Assisted Living Facility For Rent Title is generated by Realmo AI

    1154 East Loop 304, Crockett, TX 75835

    View on Map
    Claim this Listing
    For Lease
    $2,050,000 SF/Yr $3,608,341,666/Mo (calc)

    COMMERCIAL - Crockett, TX

    Property size:
    21,122 SF
    Lot size:
    7.78 Acres
    Added:
    Nov 13, 2023
    Days on Market:
    925
    Last Refresh:
    May 26 at 2:06 pm

    Property Features for 1154 East Loop 304

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Nac MU Medical Use
    Standard status
    Active
    Size
    21,122 SF
    Lot size
    7.78 Acres

    Building Details

    Year built
    1996

    We can help!

    Listing Contact
    Nancy Lawrence
    Nancy Lawrence

    Listing agent Nancy Lawrence License #0499239

    Listing office Lawrence Realty 586 East Loop 304, Crockett, TX

    Listing date Nov 13, 2023

    MLS# 22305311

    Copyright © 2026 Deep East Texas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 100% Occupancy with a Waiting List: Demonstrates high demand.
    • Well‑Established Assisted Living Facility: Type‑A facility with stabilized occupancy.
    • High Staff‑to‑Patient Ratio: Ensures quality care.
    • Recent Renovations: New roof, lighting, and flooring upgrades completed in 2020.
    • Expansion Potential: 7.77‑acre gated and fenced property offers room for additional units.
    • Central East Texas Location: Conveniently situated between Houston and Dallas.

    Overview

    This assisted living facility is located in East Texas, centrally located between Houston and Dallas. The property features 34 units and has maintained stable occupancy for several years. The facility is currently at 100% capacity, with residents staying an average of 32 months. Sixteen caregivers provide assistance to the residents, resulting in a high staff-to-patient ratio. A security camera system is in place for monitoring and safety. Monthly room rates range from $2,725 to $3,150 and include all meals. In 2020, a new roof and lighting upgrades were installed, along with new flooring throughout the halls and common areas of the 21,122 sq.ft. facility. The 7.77-acre property is gated and fenced, offering room for the expansion of additional units. The property is zoned Nac MU Medical Use.
    Location Intelligence

    Current Use by Public Records

    Assisted living facilities

    Map

    City
    Crockett
    County
    Houston
    State
    Texas
    Longitude
    -95.4821
    Latitude
    31.2828

    Nearby Similar for Lease

    • $1,400,000 SF/Yr
      12,125 SF

      Turn-Key Medical Center in Crockett

      Expansive medical center ready for customization with advanced facilities.
      200 Renaissance Way, Crockett, TX 75835
      View Details
    • $399,000 SF/Yr

      Versatile Three-Story Commercial Building

      Prime commercial property in the heart of Crockett, Texas.
      513 E Houston Avenue, Crockett, TX 75835
      View Details
    • $209,000 SF/Yr

      Crockett, TX Rental Investment Property

      Three-unit rental property with extra lot in Crockett, TX.
      200, 202 Pineview Drive, Crockett, TX 75835
      View Details
    • $515,000 SF/Yr

      Crockett Rental Properties - Investment Opportunity

      Eight rental properties near East Loop 304 in Crockett, TX.
      2301 6th Street, Crockett, TX 75835
      View Details

    FAQs

    What type of property is this?
    Assisted living facility - Assisted living facility in East Texas with expansion potential.
    Where is this assisted living facility located?
    The property is located at 1154 East Loop 304 Crockett, TX.
    What is the lease rate?
    The lease rate is $2,050,000.
    What are key features of this property?
    This property features: 100% Occupancy with a Waiting List: Demonstrates high demand.; Well‑Established Assisted Living Facility: Type‑A facility with stabilized occupancy.; High Staff‑to‑Patient Ratio: Ensures quality care.
    (936) 546-4182
    We can help!
    Listing Contact
    Nancy Lawrence
    Nancy Lawrence
    Real Estate License ID: 0499239
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1154 East Loop 304, Crockett, TX 75835
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!