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    OFF-MARKET
    Office Spaces

    1101 Johnson Dr, McGregor, TX 76657

    51,562 SF Built 1967
    Property ID
    Property summary
    AI-generated overview

    This exceptional 51,562-square-foot Class A office building, situated on a sprawling 54.31-acre lot in McLennan County, presents a unique investment opportunity. Constructed in 1967, this two-story building features a full basement, all fully air-conditioned and equipped with a fire-resistive structure. The high ceilings, measuring 10'6", provide ample space and a modern feel. The property boasts 11 offices and 4 training rooms, along with a large break room and 10 restroom facilities, catering to a variety of business needs. The basement is fully sprinklered for enhanced safety. Ample parking is available with over 500 spaces, including 9 designated handicap spaces. The building is serviced by all city utilities and offers 3-phase 480V power. For added convenience and reliability, there's an on-site UPS system and a 750kva 600kw generator (installed in 2018). AT&T, Verizon, and Spectrum services are readily available. The property is zoned R and currently features a single tenant occupancy, offering significant potential for future development or lease expansion. This is a rare opportunity to acquire a substantial, well-maintained Class A office complex with significant land holdings. The property's size, amenities, and location make it an ideal investment for discerning buyers seeking a high-return asset in a desirable market.

    Property profile
    Verified
    Property type Office Spaces
    Year built 1967
    Total area 51,562 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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