Property profile

1208 Robinson Dr Robinson, TX 76706

OFF-MARKET
Commercial real estate
Property ID
US83-0863023
2,100 SF Built 1976
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

Exceptional investment opportunity in Robinson, Texas, featuring two distinct options for a daycare or mixed-use development. Option 1 presents a former church campus spanning 4.89 acres, encompassing two buildings totaling 29,897 square feet. This option includes a 21,800-square-foot sanctuary in shell condition and an 8,097-square-foot finished office/classroom building. The property boasts high visibility on Robinson Drive and offers 224 parking spaces. Priced at $1,600,000, this option represents a significant value below replacement cost at $53 per square foot. Option 2 encompasses a larger 14.55-acre site with approximately 57,777 square feet of improvements across six buildings, priced at $3,500,000 ($60.50/SF). This option includes a substantial portion (45%) leased to long-term tenants, including a daycare and a construction company. Building sizes vary, ranging from a 2,000-square-foot log cabin to a 14,280-square-foot gym/church building (leased), a 10,000-square-foot daycare (leased), and a 1,400-square-foot office (leased). The property offers over four acres of additional land for future development, making it an ideal choice for expansion or diversification. Both options are situated in a rapidly growing area of McLennan County, Texas, offering strong potential for future appreciation. The property is located at 1208 Robinson Dr, Robinson, TX 76706.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1976
Construction WOOD
Total area 2,100 SF
APN 483371110001010
UPID US83-0863023

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church
  • High School

Location

1208 Robinson Dr Robinson, TX 76706-4620
Robinson metro Census 2100 WACO, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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