Nursing Home Redevelopment
2229 N Carroll Boulevard Denton, TX 76201
New
2229 N Carroll Boulevard, Denton, TX, 76201
$2,700,000
For Sale
$2,700,000
SINGLE_FAMILY - Denton, TX
Property Size53,000 SF
Lot Size4.99 Acres
Price / SF$50.94
Days on Market2
Property Features for 2229 N Carroll Boulevard
General Information
- Property type
- Residential
- Property subtype
- Office
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- R131291
- Lot size
- 4.99 Acres
Taxes and HOA fees
- Tax Description
- DENTON NURSING CENTER ADDN BLK 1 LOT 1
- Tax Annual Amount
- 58952
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1969
- Floors in Building
- 1
- Number of units
- 101
- Flooring type
- Vinyl, Tile, Carpet
- Building materials
- Brick
- Roof type
- Flat, Composition
Listing agency
CUDD REALTY
(940) 484-0036
Listed by
MARIELLA CUDD · License #0370753
(940) 484-0036
Added: Jul 21 Checked: Jul 22 at 7:06AM
MLS# 20909488
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.
2229 N Carroll Boulevard is a former nursing home redevelopment asset featuring a 53,000 SF building on approximately 5 acres. The facility is laid out with 101 private bedrooms, multiple large dining areas, and more than 20 administrative or flex-use offices, providing an interior foundation that can support remodeling and reconfiguration to match a new plan.
The property is offered for sale in Denton, Texas. With its scale and acreage, it may support redevelopment scenarios that require both enclosed space and outdoor area for parking and site improvements.
The existing structure and room configuration offer practical flexibility for adaptive reuse, including reconfiguration of dining and office areas alongside the bedroom layout.
The property is offered for sale in Denton, Texas. With its scale and acreage, it may support redevelopment scenarios that require both enclosed space and outdoor area for parking and site improvements.
The existing structure and room configuration offer practical flexibility for adaptive reuse, including reconfiguration of dining and office areas alongside the bedroom layout.
Key Highlights
- 53,000 SF facility on approximately 5 acres at 2229 N Carroll Blvd in Denton
- Former nursing home with 101 private bedrooms and multiple large dining areas
- Includes 20+ administrative or flex‑use offices, supporting flexible interior reconfiguration
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
Healthcare Medical
$11.04M
$9.66M – $12.88M
NOI $772,740 @ 7.0% cap · market cap 28.62%
Second Best
Hotel Hospitality
$2.97M
$2.60M – $3.46M
NOI $207,694 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$16.56M
$14.49M – $19.32M
NOI $1,159,123 @ 7.0% cap · market cap 42.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
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 on about 5 acres with a 53,000 SF building, 101 private bedrooms, and multiple dining and office spaces.
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 $2,700,000.
What are key features of this property?
This property features: 53,000 SF facility on approximately 5 acres at 2229 N Carroll Blvd in Denton; Former nursing home with 101 private bedrooms and multiple large dining areas; Includes 20+ administrative or flex‑use offices, supporting flexible interior reconfiguration
