Technical
Financial
Distress signals
Property profile

2511 Fm 718 Newark, TX 76071

OFF-MARKET
Commercial real estate
Property ID
US82-9394931
2,326 SF 0.69 ac lot
Individually Owned 2-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 2,325 square foot commercial property, situated on a 0.69-acre lot at 2511 Fm 718 in Newark, Texas, presents a unique investment opportunity. Currently operating as an auto repair shop, the tenant will vacate within 30-40 days, leaving the space ready for immediate redevelopment. The building boasts brand new bay doors, a significant advantage for various business types. Its strategic location makes it ideally suited for a diverse range of commercial ventures. The high-growth area surrounding the property offers excellent potential for strong returns on investment. Consider the possibilities of transforming this space into a boat storage facility, a convenient C-store, or another retail establishment. The ample space and convenient location provide a solid foundation for a thriving business. The property's 0.69-acre lot offers ample room for expansion or outdoor storage, further enhancing its versatility. This is a rare opportunity to acquire a well-located commercial property with significant upside potential in a rapidly developing area. The existing infrastructure, including the new bay doors, minimizes initial capital expenditures, allowing for a quicker return on investment. Don't miss this chance to secure a prime commercial property in a thriving Texas market. The asking price is $350,000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 2,326 SF
Lot 0.69 ac (29,969 SF)
APN R1375.0002.01
UPID US82-9394931

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

2511 Fm 718 Newark, TX 76071-3114
Newark metro Census 150603 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2006
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 2511 Fm 718?
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