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Property profile & analytics
OFF-MARKET
Office Spaces

217 Laurence Dr Heath, TX 75032

2,663 SF 2.86 ac lot Built 1977
Property ID
US82-4381665
Property summary
AI-generated overview

This exceptional 2.86-acre commercial property in the heart of downtown Heath, Texas, presents a remarkable investment opportunity. The property encompasses a substantial 2,663 square feet of existing building space, currently configured as a home. This structure offers the potential for repurposing into office space, providing immediate occupancy and a unique, established character. Alternatively, the existing building could be demolished to allow for the construction of a new commercial building tailored to specific requirements. The expansive 2.86-acre lot provides ample space for a variety of commercial developments, catering to diverse business needs. Situated in the vibrant downtown area of Heath, this property benefits from high visibility and convenient access to local amenities and transportation routes. This is a rare chance to acquire a significant commercial parcel in a thriving Texas town, offering flexibility and substantial potential for growth and return on investment. The property's prime location and generous size make it an ideal choice for entrepreneurs and investors seeking a prominent presence in the Heath commercial market. The existing structure provides a cost-effective starting point or a clean slate for new construction, depending on the chosen development path.

Property profile
Verified
Property type Office Spaces
Year built 1977
Total area 2,663 SF
Lot 2.86 ac (124,582 SF)
UPID US82-4381665
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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