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    9500 Glascock Dr Cresson, TX 76035

    Sponsored
    For Sale
    $9,750,000

    60,000 SF Office Building, Ample Parking

    Property size:
    60,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 60,000-square-foot office building, situated on a 13.45-acre lot in Cresson, Texas, presents a compelling investment opportunity. Constructed in 2009 and extensively renovated in 2022, the property boasts a primarily brick exterior with some metal siding and a pitched metal roof, replaced during the recent renovation. The single-story steel-frame structure features a conventional floor plan, ideal for a variety of office uses. The interior includes a welcoming foyer, numerous private offices, a conference room, large meeting rooms, three kitchen/break rooms, and multiple restrooms. The building is zoned for industrial use, offering flexibility for potential tenants. Ample parking is provided with 407 spaces, complemented by concrete paving and lot lighting. A significant added benefit is the presence of a cell tower on the premises, generating additional revenue potential. The property also includes a fire suppression sprinkler system, ensuring safety and peace of mind. Located at 9500 Glascock Drive, Cresson, TX 76035, this property offers a rare combination of size, modern amenities, and strategic location. The asking price is $9,750,000, translating to $162.50 per square foot. This represents a strong value proposition in the current market.

    Property Features for 9500 Glascock Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    60,000 SF
    Lot Size
    585,882 SF

    Building Details

    Year Built/Renovated
    2009/2022

    HighLights

    • Ample concrete parking with lot lighting.
    • On‑site cellular tower.
    • Fully sprinklered fire suppression system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cresson
    County
    Hood
    State
    Texas
    Longitude
    -97.6330282
    Latitude
    32.5370255

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    FAQs

    What type of property is this?
    Office Property / Space - 60,000 SF Office Building, Ample Parking
    Where is this office property / space located?
    The property is located at 9500 Glascock Dr Cresson, TX.
    What is the asking price?
    The asking price for this property is $9,750,000.
    What are key features of this property?
    This property features: Ample concrete parking with lot lighting.; On-site cellular tower.; Fully sprinklered fire suppression system.
    Request Owner's contact information
    9500 Glascock Dr Cresson, TX 76035
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    Realmo Value Estimation

    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.

    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.

    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
    9500 Glascock Dr Cresson, TX 76035
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