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835 Redwater Rd Wake Village, TX 75501

Commercial real estate Google Maps
7,857 SF 1.19 ac lot Built 1992
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$295k
Range $266k – $325k (±10%)
Property ID US82-2478488

Property summary

AI-generated overview

This exceptional 10,000-square-foot property in Wake Village, Texas, offers a unique blend of office and warehouse space, ideal for a variety of businesses. Situated on a 1.19-acre lot at 835 Redwater Road, conveniently located off I-369, this property ensures excellent accessibility and connectivity. The building, constructed in 1992, comprises two single-story structures totaling 10,000 square feet. The layout features a well-designed 4,500-square-foot office area, providing a balance of open and private workspaces to suit diverse operational needs. Complementing the office space is a substantial 5,500-square-foot warehouse, fully air-conditioned, offering ample storage capacity. This versatile space is suitable for a wide range of uses, including but not limited to dance studios, daycare centers, and service companies. The property's strategic location and adaptable design make it an attractive opportunity for businesses seeking a functional and accessible space in a convenient location. The property's zoning allows for Traditional Office, Coworking, Executive Office, Medical Office, Creative Office, Warehouse, Manufacturing, Flex, Distribution, and R&D uses. This single-tenancy building presents a compelling investment opportunity.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1992
Total area 7,857 SF
Lot 1.19 ac (51,836 SF)
APN 35167
UPID US82-2478488

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$736k
Blend (final) Blend
$295k

Owner & transaction history

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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More about this property
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