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    3450 Wagon Wheel Rd Garland, TX 75044

    Sponsored
    For Sale
    $22,000,000

    74,562 SF Assisted Living Conversion Opportunity

    Property size:
    74,562 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 74,562 square foot, two-building assisted living facility, situated on 7.14 acres in Garland, Texas, presents a compelling investment opportunity. Built in 2008, this single-story property boasts 108 rooms with a capacity for up to 166 beds, offering significant potential for conversion or continued operation within the rapidly expanding senior care market. The property includes 100 parking spaces, accommodating both standard and handicap-accessible vehicles, along with a fully equipped kitchen and fitness center. Located in a high-traffic area with over 20,000 vehicles passing daily and surrounded by major national retailers, this property benefits from excellent visibility and accessibility. The strong demographics further enhance its appeal

    Property Features for 3450 Wagon Wheel Rd

    General Information

    Property type
    Retirement homes
    Square Feet
    74,562 SF
    Lot Size
    311,018 SF

    Building Details

    Year Built
    2008
    Buildings
    2
    Stories
    1

    HighLights

    • 74,562 SF assisted living facility on 7.14 acres in Garland, TX.
    • 108 rooms, 166‑bed capacity, built in 2008.
    • Single‑story building with 100 parking spaces.
    • Includes a kitchen and fitness center.
    • High‑traffic location with excellent visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retirement homes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.652755
    Latitude
    32.949427

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    FAQs

    What type of property is this?
    Retirement home - 74,562 SF Assisted Living Conversion Opportunity
    Where is this retirement home located?
    The property is located at 3450 Wagon Wheel Rd Garland, TX.
    What is the asking price?
    The asking price for this property is $22,000,000.
    What are key features of this property?
    This property features: 74,562 SF assisted living facility on 7.14 acres in Garland, TX.; 108 rooms, 166-bed capacity, built in 2008.; Single-story building with 100 parking spaces.
    Request Owner's contact information
    3450 Wagon Wheel Rd Garland, TX 75044
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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
    3450 Wagon Wheel Rd Garland, TX 75044
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