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Property profile & analytics
OFF-MARKET
Office Spaces

605 Tool Dr Tool, TX 75143

2,854 SF 1 ac lot
Property ID
US82-6958740
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Total area 2,854 SF
Lot 1 ac (43,560 SF)
UPID US82-6958740
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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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