Technical
Financial
Distress signals
Property profile

1101 Tool Dr Tool, TX 75143

OFF-MARKET
Commercial real estate
Property ID
US82-7325075
1,395 SF 1.91 ac lot Built 1999
Individually Owned 3-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 1,395 square foot office building sits on a spacious 1.91-acre lot in Tool, Texas, offering unparalleled proximity to the amenities of Cedar Creek Lake. Currently zoned Agricultural (AG) by the City of Tool, this property presents a unique investment opportunity with significant upside potential. Its history as an RV park with existing water and electric hookups provides a solid foundation for various commercial ventures. The previous use included a small laundromat, suggesting potential for similar businesses. To reinstate the property's previous use as an RV park, or to pursue other commercial applications, a business plan and presentation can be submitted to the City of Tool for variance approval. A comprehensive list of permitted uses is available on the City of Tool website, under ordinances, Appendix A, schedule of Uses. This property is priced competitively at $235,000 and offers a rare blend of existing infrastructure and flexible zoning in a desirable lakeside location. The substantial lot size allows for expansion or additional development, making it an attractive proposition for both established businesses and entrepreneurs seeking a strategic location. Don't miss this chance to acquire a versatile property with significant growth potential.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1999
Total area 1,395 SF
Lot 1.91 ac (83,200 SF)
APN 0660-0250-0000-63
UPID US82-7325075

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1101 Tool Dr Tool, TX 75143-1977
Tool metro Census 950801 ATHENS, TX MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2022
4 recorded transactions
2022
Price N/A
2019
Price N/A
2014
Price N/A
2008
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1101 Tool Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message