10505 Fm 840, Henderson, TX 75654
This exceptional mixed-use property in Henderson, Texas, presents a unique investment opportunity. Located at 10505 FM840, 75654, this 1,968 square foot building sits on a generous 4.6-acre lot, complete with a tranquil pond and a charming she-shed. Built in 2016, the property currently functions as a residence but offers immense potential for redevelopment. The interior boasts a spacious open-concept living area highlighted by a substantial rock fireplace and attractive wood ceilings. A gourmet kitchen, featuring granite countertops and custom wood cabinetry, adds to the property's appeal. The existing layout includes one bedroom and one and a half bathrooms. The expansive acreage and picturesque setting provide ample space for outdoor events and gatherings, making it ideally suited for conversion into a venue or event center. The property's versatility allows for a range of uses, from corporate retreats to private celebrations. This is a rare opportunity to acquire a substantial property with significant upside potential in a desirable Texas location. The asking price is $350,000. Broker co-op is available.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.