Multi-Purpose Commercial
11663 W Hwy 175 Crandall, TX 75114
11663 W Hwy 175, Crandall, TX, 75114
$2,200,000
Pending
For Sale
$2,200,000
Pending
Former day care facility on approximately 3 acres, with 10,320 square feet and additional roofed space for flexible commercial uses.
Property Size10,320 SF
Days on Market1870
Property Features for 11663 W Hwy 175
General Information
- Standard status
- Pending
- Size
- 10,320 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1995
Listing agency
ATX Metro Realty
(512) 632-0037
Listed by
Mike Jones · License #0505798
(512) 632-0037
Source
Exitrealty
Added: Jun 8, 2021 Updated: Jul 21 at 2:37AM Checked: Jul 21 at 4:02AM
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 ATX Metro Realty
Investment Insights
Based on property information with market context.
This sale offering includes a prime commercial building on approximately 3 acres in Crandall, Texas. The building totals 10,320 square feet, with 12,000 square feet under roof, providing substantial enclosed space for a variety of commercial conversions. The property was formerly used as a day care and is described as adaptable for many other uses.
Public remarks note potential uses including an appliance, furniture, and home furnishings store, art gallery, library, automotive parts and sales, beauty salon, barbershop, and laundromat. The remarks also identify possible healthcare and professional uses such as medical, dental, and professional clinic space.
This is also listed as part of an auction with auction terms in effect. For details on auction procedures and pre-emptive offer timing, prospective buyers should contact the listing team. The exact terms and any approval requirements should be confirmed directly through the auction process.
Public remarks note potential uses including an appliance, furniture, and home furnishings store, art gallery, library, automotive parts and sales, beauty salon, barbershop, and laundromat. The remarks also identify possible healthcare and professional uses such as medical, dental, and professional clinic space.
This is also listed as part of an auction with auction terms in effect. For details on auction procedures and pre-emptive offer timing, prospective buyers should contact the listing team. The exact terms and any approval requirements should be confirmed directly through the auction process.
Key Highlights
- Former day care facility on approximately 3 acres in Crandall, TX
- Building offers 10,320 SF of space plus 12,000 SF under roof for flexible commercial uses
- Previously used as a day care, with potential for retail, salon, medical/professional, and other commercial uses
Local Financial Insights For Healthcare Medical
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 | $185.8k | $18.00 |
| − Vacancy | −$14.9k | −$1.44 |
| EGI | $170.9k | $16.56 |
| − OpEx | −$68.4k | −$6.62 |
| NOI | $102.5k | $9.94 |
10,320 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.46M
$1.28M – $1.71M
NOI $102,540 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$129.88M
$113.65M – $151.53M
NOI $9,091,729 @ 7.0% cap · market cap 413.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Day care centers
FAQs
What type of property is this?
Day care center - Former day care facility on approximately 3 acres, with 10,320 square feet and additional roofed space for flexible commercial uses.
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: Former day care facility on approximately 3 acres in Crandall, TX; Building offers 10,320 SF of space plus 12,000 SF under roof for flexible commercial uses; Previously used as a day care, with potential for retail, salon, medical/professional, and other commercial uses
