Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Flex Property with Contractor Bays Title is generated by Realmo AI

    681 Maddux Road, Cool, TX 76088

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $1,400,000

    COMMERCIAL - Cool, TX

    Property size:
    6,540 SF
    Lot size:
    7.28 Acres
    Price / SF:
    $214/SF
    Added:
    Apr 20, 2026
    Days on Market:
    45
    Last Refresh:
    Jun 3 at 2:06 pm

    Property Features for 681 Maddux Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot, Open, Garage, RV, Covered, Boat
    Standard status
    Active Under Contract
    APN
    R000128270
    Lot size
    7.28 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 7.281 LOT: 2 SUBD: WPC ADDITION F-705
    Tax Annual Amount
    14699

    Utilities

    Sewer type
    Aerobic Septic, Septic Tank
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1999
    Floors in Building
    3
    Number of units
    4
    Flooring type
    Carpet, Tile, Engineered, Concrete
    Building materials
    Frame, MetalSiding, Rock, Stone, WoodSiding
    Roof type
    Composition, Metal

    We can help!

    Listing Contact
    Patrick Carter

    Listing agent Patrick Carter License #0691957

    Listing office BOURQUIN REALTY Mineral Wells, TX

    Listing date Apr 20, 2026

    MLS# 21001954

    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.

    HighLights

    • 7.280‑acre property with a two‑story building offering approx. 6,540 SF of air‑conditioned space and 7 office spaces
    • Building includes a full kitchen, 2 bathrooms with showers, and a large foyer; second story includes a loft/mechanical floor
    • Contractor bays include one 44x45 bay with a 27x44 loft plus an additional 27x44 contractor bay, with enclosed storage areas 12x44 and 15x44
    • Approx. 10,935 SF under roof for the main building, plus 45x150 of metal covered concrete storage with twelve 12.5x45 Boat/RV spaces
    • Covered entry with custom rock‑and‑cedar gate at 681 Maddux Road, equipped with opener and keypad
    • On‑site barn (in need of TLC) with exam rooms, 4 stalls with sliding doors, and several pens, plus a 24x24 two‑door garage for storage

    Overview

    Lot 2, WPC Addition offers a versatile two-story building plus multiple supporting structures on approximately 7.28 acres. The main building includes roughly 6,540 square feet of air-conditioned space with seven office spaces, a full kitchen, and two bathrooms with showers. A large foyer leads to covered 12x16 landings with rock columns, and the second story features panoramic views. Interior configuration includes a loft and mechanical floor arrangement, along with enclosed storage areas measuring 12x44 and 15x44. The property is also equipped with two contractor bays, including a 44x45 bay with a 27x44 loft and a second 27x44 contractor bay.

    Access is provided through an entrance at 681 Maddux Road with a custom rock and cedar gate featuring an opener and keypad. In addition to the main building, there is 45x150 of metal covered concrete storage arranged into twelve 12.5x45 spaces for boat and RV storage. For livestock or equestrian use, the site includes a metal barn with exam rooms, four stalls with sliding doors, and several pens, plus a separate 24x24 two-door garage currently used as additional storage.

    The combination of offices, large bays, covered storage, and equestrian features makes this property a practical fit for users seeking a live-work or business-and-storage setup, as well as operators considering a multi-use facility. The building is described as ready for finishing touches, offering flexibility for buyers who want to tailor the layout toward industrial, storage, equestrian, or office/warehouse-oriented operations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Cool
    County
    Parker
    State
    Texas
    Longitude
    -98.032867
    Latitude
    32.801522

    FAQs

    What type of property is this?
    Flex space - Versatile flex-style facility with office space, contractor bays, and RV/boat storage on a sizable lot.
    Where is this flex space located?
    The property is located at 681 Maddux Road Cool, TX.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: 7.280‑acre property with a two‑story building offering approx. 6,540 SF of air‑conditioned space and 7 office spaces; Building includes a full kitchen, 2 bathrooms with showers, and a large foyer; second story includes a loft/mechanical floor; Contractor bays include one 44x45 bay with a 27x44 loft plus an additional 27x44 contractor bay, with enclosed storage areas 12x44 and 15x44
    (940) 329-5070
    We can help!
    Listing Contact
    Patrick Carter
    Real Estate License ID: 0691957
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    681 Maddux Road, Cool, TX 76088
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!