9500 Glascock Dr Cresson, TX 76035
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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