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    FOR SALE
    Day care centers

    7550 Shady Grove Rd, North Richland Hills, TX 76182

    12,640 SF 2.01 ac lot Built 2001
    Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US82-0476512
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    Madbushri LLC · 9 yrs held
    Madbushri LLC
    since 2017
    4 recorded transactions
    2017
    2013
    2006
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $1.1M +42.9%
    Medical building $1.1M +38.7%
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    More about this property
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