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    Freestanding Commercial Building with Acreage Title is generated by Realmo AI

    11663 W Hwy 175, Crandall, TX 75114

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    Claim this Listing
    Pending
    $2,200,000

    SINGLE_FAMILY - Crandall, TX

    Type:Office
    Property size:
    10,320 SF
    Lot size:
    3.00 Acres
    Added:
    Sep 30, 2024
    Days on Market:
    612
    Last Refresh:
    Jun 3 at 2:06 pm

    Property Features for 11663 W Hwy 175

    General Information

    Property type
    Residential
    Property subtype
    Office
    Parking features
    Open
    Standard status
    Pending
    APN
    15993
    Size
    10,320 SF
    Lot size
    3.00 Acres

    Taxes and HOA fees

    Tax Description
    D WILKERSON PP# ID000-0080-84
    Tax Annual Amount
    12686

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1995
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet, Tile, Wood
    Roof type
    Metal

    We can help!

    Listing Contact
    Mike Jones

    Listing agent Mike Jones

    Listing office United Country - Strategic Cli Dallas, TX

    Listing date Sep 30, 2024

    MLS# 14595930

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 3‑acre property on US Hwy 175 in Crandall, TX, with a 10,320 SF building and 12,000 SF under roof
    • Built in 1995 with metal roof
    • Former Crandall Day Care building with flexible reuse options including retail, medical/dental, and professional clinic uses
    • Public utilities: public water and public sewer
    • Central heating and central air conditioning with electric system
    • Interior flooring includes carpet, tile, and wood; open parking

    Overview

    This for-sale property features a prime freestanding commercial building previously used as a day care center, with 10,320 square feet of building area and approximately 12,000 square feet under roof. The site includes 3 acres, providing room for operations that need both interior space and outdoor scope. The listing notes the building can be adapted for many other uses beyond day care.

    Located at 11663 W Hwy 175 in Crandall, Texas, the property’s positioning along US Highway 175 is highlighted in the marketing materials. The offering is being presented as an auction, with terms subject to pre-emptive approved offers; interested parties are directed to contact the seller/auction team for details. A pre-emptive offer can be submitted as a “highest and best” by August 3, 2021, per the public remarks.

    Given the building’s prior institutional and retail-flexibility framing, the asset may appeal to operators seeking a configurable location for healthcare, professional services, or specialty retail formats such as appliance or home furnishings, art gallery, or similar concepts. Buyers evaluating turnaround or repurposing opportunities may find the existing improvements and size suitable for a range of commercial business uses, subject to applicable approvals and intended operations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Day care centers

    Suggested Use

    Auto Repair Shop Gym & Fitness Center Auto Parts Store HVAC Service Discount Store Home Appliance Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crandall
    County
    Kaufman
    State
    Texas
    Longitude
    -96.467413
    Latitude
    32.633369

    FAQs

    What type of property is this?
    Day care center - A highway-front commercial building previously used as a day care, offering flexible space on 3 acres for multiple business types.
    Where is this day care center located?
    The property is located at 11663 W Hwy 175 Crandall, TX.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: 3‑acre property on US Hwy 175 in Crandall, TX, with a 10,320 SF building and 12,000 SF under roof; Built in 1995 with metal roof; Former Crandall Day Care building with flexible reuse options including retail, medical/dental, and professional clinic uses
    (214) 906-5265
    We can help!
    Listing Contact
    Mike Jones
    Request Owner's contact information
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    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
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