Flexible Multi-Suite Commercial
For Sale
$425,000
429 N State Highway 342, Red Oak, TX 75154
Two-suite commercial property with ADA access, hard-surface floors, and customer parking on a heavily traveled highway.
Property Size988 SF
Price / SF$430.16
Days on Market28
Property Features for 429 N State Highway 342
General Information
Standard status
Active
Size
988 SF
Total Parking Spaces
9
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1990
Listing Agency:
RE/MAX Best
(972) 617-9888
Listed By:
Rene Jensen · License #0621210
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Jul 7
Changed: Jul 10
Last Checked: Aug 2 at 6:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Best
Investment Insights
Based on property information with market context.
This property is a versatile commercial building configured as two separate suites, with the ability to operate as one larger space for a single user. The interior includes hard-surface flooring throughout and two restrooms. Each suite supports flexible work or service layouts, and Suite A features barn doors that can create private workspaces while still allowing for a more open, collaborative arrangement. Climate control is provided by two HVAC systems, including one recently installed split-system unit. An ADA-accessible ramp supports convenient client and visitor entry, and established landscaping contributes to the exterior presentation.
The building is located on a heavily traveled highway, providing high visibility for ongoing customer-facing and professional activity. On-site parking is available for approximately 8–9 vehicles, supporting both staff and customers.
Designed for adaptability, the property can suit a range of uses including office, retail, medical, and professional services, depending on tenant requirements. The two-suite setup can support multi-tenant occupancy or allow an owner-occupant to take one side while leveraging the other. With ADA access, two restrooms, and straightforward finishes, it offers practical functionality for a variety of commercial operators seeking an accessible, flexible floor plan.
The building is located on a heavily traveled highway, providing high visibility for ongoing customer-facing and professional activity. On-site parking is available for approximately 8–9 vehicles, supporting both staff and customers.
Designed for adaptability, the property can suit a range of uses including office, retail, medical, and professional services, depending on tenant requirements. The two-suite setup can support multi-tenant occupancy or allow an owner-occupant to take one side while leveraging the other. With ADA access, two restrooms, and straightforward finishes, it offers practical functionality for a variety of commercial operators seeking an accessible, flexible floor plan.
Key Highlights
- Commercial building built in 1990 with two suites that can be used as one larger space
- Two restrooms and hard‑surface flooring throughout
- ADA‑accessible ramp for client and visitor entry
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 | $30.4k | $30.72 |
| − Vacancy | −$8.3k | −$8.42 |
| EGI | $22.0k | $22.30 |
| − OpEx | −$5.5k | −$5.58 |
| NOI | $16.5k | $16.73 |
988 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$236.1K
$206.6K – $275.4K
NOI $16,526 @ 7.0% cap · market cap 3.89%
Second Best
Healthcare Medical
$178.9K
$156.5K – $208.7K
NOI $12,520 @ 7.0% cap · market cap 2.95%
Theoretical Best
Multifamily LT 5
$10.78M
$9.43M – $12.58M
NOI $754,650 @ 7.0% cap · market cap 177.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Explore this area
Business Placement
Demographics for 75154, TX
45,894
Population
17,170
Households
2.7
Avg Household Size
36
Median Age
31%
College-Educated
88%
High-School Grad
47.8 sq mi
ZIP Area
960
Density / Sq Mi
$96,150
Median Household Income
$48,112
Median Earnings
$1,446
Median Rent
$296,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two-suite commercial property with ADA access, hard-surface floors, and customer parking on a heavily traveled highway.
Where is this office units located?
The property is located at 429 N State Highway 342 Red Oak, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Commercial building built in 1990 with two suites that can be used as one larger space; Two restrooms and hard‑surface flooring throughout; ADA‑accessible ramp for client and visitor entry
