1514 Crossland Road

    Granbury, TX 76048
    • $395,000
    • STATUS: Active
    • ON SITE: 136 days
    • MLS #: 14129132
    UPDATED: 82 min ago
    $395,000
    • 0
      BEDS
    • 0.52
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2006
    County:
    Area:

    School Ratings & Info

    Offered by John Mcmackin of Clark Real Estate Group.

    Description

    100% LEASED!!! 5000 sf commercial building with 6 tenants. All leases are full service rates.NOI = $27,250 Now stabilized, this office building will generate approximately $49,250 in gross rental income. With budgeted OPEX of $22,000, a NOI of $27,250 is generated. 6.9% Cap Rate with huge upside.

    Monthly Payment Calculator



    © 2019 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Vibrant Real Estate. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Vibrant Real Estate are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2019-11-15T19:40:53.597.
    www.vibrantrealestate.com/homes/96467772

    1514 Crossland Road Granbury, TX 76048

    • Price: $395,000
    • Status: Active
    • Updated: 82 min ago
    • MLS #: 14129132
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.52
    Acres
    2006
    Built
    Neighborhood:
    Thrash-West Add
    County:
    Hood
    Area:
    Hood County
    Property Description
    100% LEASED!!! 5000 sf commercial building with 6 tenants. All leases are full service rates.NOI = $27,250 Now stabilized, this office building will generate approximately $49,250 in gross rental income. With budgeted OPEX of $22,000, a NOI of $27,250 is generated. 6.9% Cap Rate with huge upside.
    Exterior Features

    Construction BrickMetalRock/Stone Construction Materials Walls Texture Foundation Slab Parking Or Garage Unassigned Spaces Road Frontage Type City Roof Metal Waterfront YN No

    Interior Features

    Ceiling Height 11 To 14 Feet8 To10 Feet Commercial Features Multi-User Flooring CarpetConcrete Heating Central Air-ElecOther Sq Ft Building 5000 Sq Ft Gross 5000 Sq Ft Leasable 5000

    Property Features

    Building Area Source Owner Building Use Office Business Name Hood Commercial Comp Commercial Zoning Lc Construction Status Preowned Green Features Drought Tolerant Plants Gross Annual Expenses 22000 Gross Annual Income 49260 Inclusions Building OnlyBusinessLand & ImprovementsOther Income Expense Source Proforma/Projected Lot Size Source Tax Multi Zoning No Municipal Utility District No Net Annual Income 26000 Possession Closing/Funding Property Type Com-Sale Tenant Pays Renters Insurance Unexempt Taxes 8279 Utilities AsphaltCity SewerCity WaterMaster Water MeterOverhead Utilities Will Subdivide No

    Listing information © 2019 North Texas Real Estate Information System.


    © 2019 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Vibrant Real Estate. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Vibrant Real Estate are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2019-11-15T19:40:53.597.
     
    Vibrant Real Estate
    8105 Rasor Blvd, 108
    Plano TX, 75024
    Offered by John Mcmackin of Clark Real Estate Group.