Property profile

7550 Shady Grove Rd North Richland Hills, TX 76182

FOR SALE
Day care centers
Property ID
US82-0476512
12,640 SF 2.01 ac lot Built 2001
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 12,640-square-foot single-story office building, situated on a 2.009-acre lot in North Richland Hills, Texas, presents a unique investment opportunity. Built in 2001, the property is zoned for daycare use and boasts a wealth of features ideal for a variety of commercial applications. Previously operated as a daycare until April 2024, the building comes complete with existing furniture, buses, and other equipment, representing a significant advantage for a prospective daycare operator or a similar business. The property also includes well-equipped playgrounds and a swimming pool, adding further value and appeal. The asking price is $3,200,000, translating to $253 per square foot. The property's location in a residential neighborhood offers the potential for conversion into residential use, subject to city approval. This versatile property is well-suited for executive offices, medical offices, or a daycare/Montessori school, making it an attractive option for investors seeking a high-return asset. The seller is open to lease options as well. The property's APN is 07934726 and is located at 7550 Shady Grove Rd, North Richland Hills, TX 76182. This presents a rare opportunity to acquire a well-maintained, multi-use property in a desirable location at a competitive price.

Property profile

Verified
Property type Day care centers
Use group DAY CARE, PRE-SCHOOL
Year built 2001
Total area 12,640 SF
Lot 2.01 ac (87,512 SF)
APN 3299-10-41R
UPID US82-0476512

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
  • Daycare Center

Location

7550 Shady Grove Rd North Richland Hills, TX 76182
North Richland Hills metro Census 113814 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$465k
CAP Approach CAP
by Request
Comparable Approach Comparable
$953k
Blend (final) Blend
$710k

Owner & transaction history

since 2017
4 recorded transactions
2017
Price N/A
2013
Price N/A
2006
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $1.1M +42.9%
Medical building $1.1M +38.7%

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
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