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OFF-MARKET
Investment properties

6005 Fm 8 Desdemona, TX 76445

3,596 SF 3 ac lot Built 1955
Property ID
Property summary
AI-generated overview

This remarkable 3,596 square foot building, situated on approximately 3 acres in Desdemona, Texas, presents a unique investment opportunity. The property boasts the historical significance of being the former Desdemona school, offering a rich history and character rarely found in commercial properties. The building features numerous rooms, a full kitchen, multiple bathrooms, and a gymnasium, providing ample space for a variety of uses. Imagine transforming this substantial structure into a large event venue, capitalizing on its unique charm and spacious layout. Alternatively, the property could be repurposed as a bed and breakfast, offering guests a memorable stay in a piece of Texas history. For those seeking storage or warehouse space, the building's size and layout provide excellent potential. The property's location in eastern Eastland County offers convenient access to Interstate 20 (18 miles) and Stephenville (22 miles), enhancing its accessibility and appeal. The proximity to Hog Creek, which contributed to Desdemona's historical nickname "Hog Town," adds to the property's distinctive character. Furthermore, the availability of adjacent acreage presents opportunities for expansion or development. This is a truly exceptional property offering a diverse range of possibilities for the discerning investor. The asking price is $325,000.

Property profile
Verified
Property type Investment properties
Year built 1955
Total area 3,596 SF
Lot 3 ac (130,680 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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