7550 Shady Grove RdNorth Richland Hills, TX 76182

Property Details for 7550 Shady Grove Rd

Year built

2001

Lot size

2.01 AC

Property size (Sq ft)

12,640 SF

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

3299-10-41R

APU

32991041R

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,505,052

  6.5%

  $2,312,356

  7%

  $2,147,188

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,852,986

  Geo Method

  $1,748,972

• Alternative Use

  Use

  Valuation

  Residential

  $2,933,321

  Hospitality

  $2,686,906

  Educational

  $2,235,474

  Medical

  $2,312,356

  Retail

  $3,477,404

Location Insight

City

North Richland Hills

County

Tarrant

State

Texas

Latitude

32.907

Longitude

-97.2122

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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