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Property profile & analytics
FOR SALE
Commercial real estate

707 North Waldrip St Grand Saline, TX 75140

13,160 SF 5.66 ac lot Built 2008
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-5909859
Property summary
AI-generated overview

This exceptional mixed-use property in Grand Saline, Texas, presents a unique investment opportunity. The main building, totaling 15,574 square feet, is a former hospital boasting 8 inpatient rooms (20-bed capacity), an emergency room, operating room, lab, x-ray facilities, pharmacy, kitchen, and ample office space. The property's layout is well-suited for continued medical use, requiring minimal renovations. Included in the sale is a second building of approximately 3,300 square feet, ideal for a clinic or office space. The 1.8-acre lot also features three additional buildings, ranging from 2,580 to 3,360 square feet each, currently available for lease. These buildings offer potential for six separate services, with one ready for immediate occupancy and two requiring minor renovations. A build-out allowance is negotiable. The entire complex offers ample parking. The property is zoned commercial and is being offered for sale as a fee simple ownership. The asking price is $999,900, representing $52.98 per square foot for the total 18,874 square feet of building space. The property is vacant and presents a chance to restore its former function or adapt it to a variety of business needs. Negotiable lease options are available for individual units or the entire complex. Built in 1971, this one-story complex consists of two buildings. Medical equipment is available for negotiation. Located at 707 N Waldrip St, Grand Saline, TX 75140.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2008
Total area 13,160 SF
Lot 5.66 ac (246,550 SF)
APN 044.0046.0304.0000.0000
UPID US82-5909859
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
Current use
Occupant on record · Public records
  • Van Zandt Regional Medical Center Hospital
  • Jerome R. Crane, PA Physician
  • Dr. Irfan R. Rana, MD Pediatrician Physician
  • Spine and Pain Clinic of Texas (Grand Saline) Physician
  • Van Zandt Regional Hospital Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.01M
Owner & transaction history
Waldrip Street Invesmrnt Group LLC · 2 yrs held
Waldrip Street Invesmrnt Group LLC
since 2024
1 recorded transaction
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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