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    OFF-MARKET
    Commercial real estate

    2260 Highland Vlg Rd, Highland Village, TX 75077-7132

    5,772 SF 2.35 ac lot Built 2016
    Entity Owned Free & Clear
    Property ID
    US83-1928746
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 5,745 square foot, four-tenant office building located at 2260 Highland Village Road in Highland Village, Texas, 75077. Boasting a 100% occupancy rate with NNN leases, this property offers a compelling 6.60% cap rate. Built in 2016 and 2017 (with renovations in 2021), the building sits on a 2.346-acre lot and provides ample parking with 53 spaces (9.2 spaces per 1,000 square feet). The property benefits from a prime location, easily accessible via FM 407, I-35E, and FM 2499, and is surrounded by other professional and medical office tenants, ensuring a strong tenant base and high visibility. The building features a mix of general office suites, and operating expenses are $7.94 per square foot annually. This is a turnkey investment opportunity with a strong tenant roster and excellent location in a thriving area with abundant retail and restaurant options nearby. The building's modern design and recent renovations ensure long-term value and appeal to tenants. This property is ideal for investors seeking a stable, high-performing asset in a desirable Texas market.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 2016
    Total area 5,772 SF
    Lot 2.35 ac (102,192 SF)
    APN R693863
    UPID US83-1928746
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    MELGAR FACILITY MAINTENANCE LLC
    MELGAR FACILITY MAINTENANCE LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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