Land with Workshop and
For Sale
$180,000
20675 CR 3411, Chandler, TX 75758
SINGLE_FAMILY - Chandler, TX
Property Size800 SF
Lot Size1.16 Acres
Price / SF$225
Days on Market66
Property Features for 20675 CR 3411
General Information
Property type
Residential
Property subtype
Office
Zoning description
No Zoning
Subdivision
J MATHEW SUR
Lot features
Acreage
Directions
From Hwy 31 in Chandler TX go south on FM 315 for 5.7 miles, Turn right on to CR 3411, house is on the right
Standard status
Active
APN
222754
Lot size
1.16 Acres
Taxes and HOA fees
Tax Description
TR 11C AB 548 J MATHEW SUR, TR 11C
Tax Annual Amount
2422
Legal Description
TR 11C AB 548 J MATHEW SUR, TR 11C
Utilities
Sewer type
Aerobic Septic
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air, Electric
Building Details
Year built
2024
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Building materials
FiberCement
Roof type
Metal
Listing Agency:
RE/MAX Landmark Rose · RE/MAX International
(903) 567-3100
Listed By:
Roland Davis · License #0794833
(972) 524-2525
Added: Jun 11
Changed: Aug 1
Last Checked: Aug 15 at 3:06AM
MLS# 21205080
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.
Investment Insights
Based on property information with market context.
This 1.16-acre property combines a single-family home with additional functional workspace. The home includes 1 bedroom, 1 bathroom, and a loft, offering flexible interior space that can be used for an on-site office, employee area, owner’s quarters, or added storage. A workshop on the property provides room for equipment, tools, inventory, or a dedicated work area for service-oriented users. The acreage also allows for outdoor storage, parking, and room for potential future improvements, subject to applicable guidelines.
The property is positioned along a busy, high-traffic Farm-to-Market road with excellent road frontage and visibility. The frontage supports convenient customer access and can also accommodate deliveries and commuting needs for day-to-day operations.
For buyers or operators seeking a small-business or mixed-use setup, the combination of a residence, workshop, and additional land can support multiple on-site functions in one location. The site’s layout and low-maintenance configuration are geared toward practical adaptation, whether the workshop is used for trades work, a service business, or other hands-on operations. The property is in the Brownsboro & Chandler School District and is located in Chandler, TX.
The property is positioned along a busy, high-traffic Farm-to-Market road with excellent road frontage and visibility. The frontage supports convenient customer access and can also accommodate deliveries and commuting needs for day-to-day operations.
For buyers or operators seeking a small-business or mixed-use setup, the combination of a residence, workshop, and additional land can support multiple on-site functions in one location. The site’s layout and low-maintenance configuration are geared toward practical adaptation, whether the workshop is used for trades work, a service business, or other hands-on operations. The property is in the Brownsboro & Chandler School District and is located in Chandler, TX.
Key Highlights
- 1‑acre property along a Farm‑to‑Market road with reported high daily traffic and access for customers and deliveries
- Includes an 800 sq ft home built in 2024 with 1 bedroom, 1 bathroom, and a loft for flexible on‑site space
- Workshop on site for equipment, tools, inventory, or workspace
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$5,715
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$114,300
$114.3K
Cap Rate 7%
$81,643
$81.6K
Cap Rate 9%
$63,500
$63.5K
Market Conditions
NOI Build-Up for 800 SF
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.
Gross rent
$11.8K $14.76/SF
− Vacancy
−$1.4K −$1.77/SF
EGI
$10.4K $12.99/SF
− OpEx
−$4.7K −$5.84/SF
NOI
$5.7K $7.14/SF
Area
Henderson County, TX
Vacancy
12.00%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$114,300
Cap Rate 7%
$81,643
Cap Rate 9%
$63,500
Alternative Uses
Best Use
Apartment 5plus
$81.6K
$71.4K – $95.3K
NOI $5,715 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$281.4K
$246.2K – $328.3K
NOI $19,699 @ 7.0% cap · market cap 10.94%
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
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 75758, TX
9,890
Population
5,080
Households
1.9
Avg Household Size
47
Median Age
21%
College-Educated
91%
High-School Grad
44.2 sq mi
ZIP Area
224
Density / Sq Mi
$58,587
Median Household Income
$37,653
Median Earnings
$982
Median Rent
$159,400
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - 1.16-acre site with an on-site 1-bedroom home, loft, and workshop along a busy Farm-to-Market road.
Where is this single family property located?
The property is located at 20675 CR 3411 Chandler, TX.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: 1‑acre property along a Farm‑to‑Market road with reported high daily traffic and access for customers and deliveries; Includes an 800 sq ft home built in 2024 with 1 bedroom, 1 bathroom, and a loft for flexible on‑site space; Workshop on site for equipment, tools, inventory, or workspace
