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    1875 Central Texas Expy Nolanville, TX 76559

    For Sale
    $3,600,000

    High-yield medical office, strong tenant.

    Property size:
    7,968 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 7,968 square foot medical office building in Nolanville, Texas, situated on a 1.01-acre lot with an additional 1.123 acres available for development. The property boasts a single, long-term tenant under a Net Lease (NNN) agreement with a 5-year lease expiring January 31, 2029, and renewal options, offering a remaining lease term of 4.2 years. The current rent includes a 3% annual bump. The building, constructed in 2018, features two units, one currently occupied at 63% occupancy, and one vacant 2,950 square foot suite available for lease. The asking price is $3,600,000, representing a compelling $451.81 per square foot and a 4.31% capitalization rate based on a Net Operating Income (NOI) of $155,168. The property is zoned B-4 and offers convenient highway access and ample parking. This single-story building presents a strong investment opportunity due to its long-term lease, potential for increased occupancy, and the additional land for future development. The property is located at 1875 East Central Texas Expressway, Nolanville, TX 76559. A 1031 exchange is permitted.

    Property Features for 1875 Central Texas Expy

    General Information

    Property type
    Medical offices
    Square Feet
    7,968 SF

    Building Details

    Year Built
    2018
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • Long‑term tenant in place with lease extending through 2029, including renewal options.
    • 2,950 square foot vacant suite available for lease.
    • Convenient highway access and ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Building Supply Gym & Fitness Kitchen & Bath HVAC Service Bakery Pawn Shop Storage Facility Pet Store Toy Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Nolanville
    County
    Bell
    State
    Texas
    Longitude
    -97.583088840367
    Latitude
    31.069470377683

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    FAQs

    What type of property is this?
    Medical office - High-yield medical office, strong tenant.
    Where is this medical office located?
    The property is located at 1875 Central Texas Expy Nolanville, TX.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: Long-term tenant in place with lease extending through 2029, including renewal options.; 2,950 square foot vacant suite available for lease.; Convenient highway access and ample parking.
    Request Owner's contact information
    1875 Central Texas Expy Nolanville, TX 76559
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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
    1875 Central Texas Expy Nolanville, TX 76559
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