Nursing Home Redevelopment
2229 N Carroll Boulevard Denton, TX 76201
2229 N Carroll Boulevard, Denton, TX, 76201
$3,500,000
For Sale
$3,500,000
Former nursing home with 101 private bedrooms, large dining areas, and 20+ offices on an approximately 5-acre site.
Property Size53,000 SF
Lot Size5.00 Acres
Price / SF$66.04
Days on Market459
Property Features for 2229 N Carroll Boulevard
General Information
- Standard status
- Active
- Size
- 53,000 SF
- Lot size
- 5.00 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1969
Listing agency
CUDD REALTY
(940) 595-5540
Listed by
MARIELLA CUDD · License #0370753
(940) 595-5540
Source
Exitrealty
Added: Apr 19, 2025 Updated: Jul 21 at 5:04AM Checked: Jul 21 at 5:04AM
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 CUDD REALTY
Investment Insights
Based on property information with market context.
Formerly operated as a nursing home, this approximately 53,000 SF facility is situated on roughly 5 acres and is configured with 101 private bedrooms. The building also includes multiple large dining areas and more than 20 administrative or flex-use offices, supported by an existing interior layout and infrastructure that can accommodate remodeling, reconfiguration, or adaptive reuse.
The property is described as being in a highly accessible Denton location, with proximity to downtown Denton, major roadways, and UNT or TWU campuses. The available acreage may support ample parking, outdoor green space, and potential future expansion, depending on redevelopment plans.
With its scale, rooming layout, and office space count, the site is positioned for a range of redevelopment concepts, subject to applicable approvals and design requirements.
The property is described as being in a highly accessible Denton location, with proximity to downtown Denton, major roadways, and UNT or TWU campuses. The available acreage may support ample parking, outdoor green space, and potential future expansion, depending on redevelopment plans.
With its scale, rooming layout, and office space count, the site is positioned for a range of redevelopment concepts, subject to applicable approvals and design requirements.
Key Highlights
- 53,000 SF facility on approximately 5 acres at 2229 N Carroll Blvd, Denton
- Former nursing home layout with 101 private bedrooms
- Multiple large dining areas plus 20+ administrative or flex‑use offices
Local Financial Insights For Hotel Hospitality
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 | $795.0k | $15.00 |
| − Vacancy | −$357.8k | −$6.75 |
| EGI | $437.3k | $8.25 |
| − OpEx | −$229.6k | −$4.33 |
| NOI | $207.7k | $3.92 |
53,000 SF · lease $15.00/SF/yr · vacancy 45.00% · expense 52.50%
Alternative Uses
Best Use
Apartment 5plus
$11.51M
$10.07M – $13.43M
NOI $805,918 @ 7.0% cap · market cap 23.03%
Second Best
Healthcare Medical
$11.04M
$9.66M – $12.88M
NOI $772,740 @ 7.0% cap · market cap 22.08%
Theoretical Best
Office A
$16.56M
$14.49M – $19.32M
NOI $1,159,123 @ 7.0% cap · market cap 33.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shields Care Center ...
Medical Clinic
Rehab Care Group
Medical Clinic
Denton Rehabilitation
Rehabilitation Center
Denise A. Stout, LOTR
Physician
Similar For Sale Nearby
Similar Off Market Nearby
- Denton Rehabilitation — 2229 N Carroll Blvd, Denton, TX 76201
- Cottonwood Nursing & Rehabilitation — 2224 N Carroll Blvd, Denton, TX 76201
- Enhabit Hospice — 108 Hinkle Dr Suite 150A, Denton, TX 76201
- Good Samaritan Society - Denton Village — 2500 Hinkle Dr, Denton, TX 76201
FAQs
What type of property is this?
Nursing home - Former nursing home with 101 private bedrooms, large dining areas, and 20+ offices on an approximately 5-acre site.
Where is this nursing home located?
The property is located at 2229 N Carroll Boulevard Denton, TX.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 53,000 SF facility on approximately 5 acres at 2229 N Carroll Blvd, Denton; Former nursing home layout with 101 private bedrooms; Multiple large dining areas plus 20+ administrative or flex‑use offices
