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Former Daycare Ready for New

7550 Shady Grove Rd, North Richland Hills, TX 76182

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For Sale

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Versatile property suitable for daycare, office, medical, or residential use.

Type:Office, Hospitality

Property size:

12,640 SF

Price / SF:

$253/SF

HighLights

Fully equipped for immediate operation as a daycare/Montessori school, including furniture, buses, and playground equipment.
Suitable for conversion to office or medical offices.
Located in a desirable residential neighborhood.
Features well‑equipped playgrounds and a swimming pool.
Potential for conversion to a residence (subject to city approval).
Sellers are open to lease options.

We can help!

Contact an agent

Sandeep Srivastava

For Sale

Contact for pricing

Versatile property suitable for daycare, office, medical, or residential use.

Type:Office, Hospitality

Property size:

12,640 SF

Price / SF:

$253/SF

Added:: Aug 23, 2024
Days on Market:: 685
Last Refresh:: May 12 at 8:55 pm

Property Features for 7550 Shady Grove Rd

General Information

Standard status: Active
Size: 12,640 SF
Property subtype: Office, Hospitality

Building Details

Year Built: 2001

We can help!

Contact an agent

Sandeep Srivastava

Listing office Sunshine Realtors

Listing date Aug 23, 2024

Source Crexi

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 Sunshine Realtors

HighLights

Fully equipped for immediate operation as a daycare/Montessori school, including furniture, buses, and playground equipment.
Suitable for conversion to office or medical offices.
Located in a desirable residential neighborhood.
Features well‑equipped playgrounds and a swimming pool.
Potential for conversion to a residence (subject to city approval).
Sellers are open to lease options.

Overview

This 12,640-square-foot property, previously operated as a daycare until April 2024, is located in a residential neighborhood. The property contains furniture, buses, and other items that may be suitable for operating a daycare or Montessori school. It features equipped playgrounds and a swimming pool. The property may also be suitable for use as office or medical offices. The sellers are open to lease options. Potential buyers may also consider converting the property into a residence, subject to city regulations.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$388.3k	$30.72
− Vacancy	−$97.1k	−$7.68
EGI	$291.2k	$23.04
− OpEx	−$72.8k	−$5.76
NOI	$218.4k	$17.28

12,640 SF · lease $30.72/SF/yr · vacancy 25.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$3.12M

$2.73M – $3.64M (±1% cap)

NOI $218,419 @ 7.0% cap · market cap 6.83%

Second Best

Healthcare Medical

$3.09M

$2.71M – $3.61M (±1% cap)

NOI $216,599 @ 7.0% cap · market cap 6.77%

Theoretical Best

Office A

$4.45M

$3.89M – $5.19M (±1% cap)

NOI $311,247 @ 7.0% cap · market cap 9.73%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Day care centers

Suggested Use

Similar Places Nearby

Clayton Child Care Inc — 1400 Keller Smithfield Rd S, Keller, TX 76248
North Richland Hills Montessori — 8725 N Tarrant Pkwy, North Richland Hills, TX 76182

Location Insight

Map
Local Demand

City: North Richland Hills
County: Tarrant
State: Texas
Longitude: -97.2122122
Latitude: 32.9069619

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For sale
Day care centers
TX
North Richland Hills
76182
7550 Shady Grove Rd

What type of property is this?

Day care center - Versatile property suitable for daycare, office, medical, or residential use.

Where is this day care center located?

The property is located at 7550 Shady Grove Rd North Richland Hills, TX.

What is the asking price?

The asking price for this property is $3,200,000.

What are key features of this property?

This property features: Fully equipped for immediate operation as a daycare/Montessori school, including furniture, buses, and playground equipment.; Suitable for conversion to office or medical offices.; Located in a desirable residential neighborhood.