605 Tool Dr Tool, TX 75143
This exceptional commercial property in Tool, Texas, presents a unique investment opportunity. Situated on a one-acre lot directly on Highway 274, this property boasts excellent visibility and convenient access. The property features a combined 2,854 square feet of space, including a 1,964 square foot updated residential component and a 900 square foot office space. The residential area offers three bedrooms and two bathrooms, benefitting from a recently updated roof (installed within the last two years) and HVAC system (also installed within the last two years). The office space features a durable metal roof. Adding to the property's functionality is a 40x30 foot steel garage located behind the office, providing ample storage or workshop space. This property is ideally suited for a variety of uses, making it an attractive option for both established businesses seeking expansion and entrepreneurs looking to establish a new venture within the city limits of Tool. The asking price for this versatile property is $475,000. Its combination of residential and commercial space, coupled with its prime location and recent upgrades, makes it a compelling investment opportunity in the thriving Texas market.
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
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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.