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1208 N Robinson Dr
Robinson, TX 76706
Specialty Property For Sale
·
50,000 SF
INVESTMENT HIGHLIGHTS
- Large windows allowing for beautiful natural light.
EXECUTIVE SUMMARY
Option 1: Former Harvest Time Church - positioned on 4.89 acres comprising of two buildings totaling 29,897 SF and 224 parking spaces. The main building (sanctuary) is currently in shell condition and totals 21,800 SF. The Second building is finished out as offices/classrooms and totals approximately 8,097 SF. The property has strong visibility fronting Robinson Dr. and offers a unique investment or user opportunity in an area participating in significant growth. The building is being offered well below replacement costs at $46/SF or $1,400,000.
Option 2: Offered at a 12% Cap Rate with 5+ years of remaining term. Upside potential with rent bump and 2,000 SF of vacancy in a standalone building (#5) along with 4 acres of additional land for the future development.
Option 3: Includes all 14.55 acres with approximately 57,777 SF of improvements ($52/SF) spread across 6 buildings. Priced at $3,000,000, 45% of the property is leased to long term tenants including Kidz Daycare/Church and Peoples Quality Services.
Option 2: Offered at a 12% Cap Rate with 5+ years of remaining term. Upside potential with rent bump and 2,000 SF of vacancy in a standalone building (#5) along with 4 acres of additional land for the future development.
Option 3: Includes all 14.55 acres with approximately 57,777 SF of improvements ($52/SF) spread across 6 buildings. Priced at $3,000,000, 45% of the property is leased to long term tenants including Kidz Daycare/Church and Peoples Quality Services.
PROPERTY FACTS
| Sale Type | Investment or Owner User | Building Size | 50,000 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Religious Facility | Year Built/Renovated | 1998/2000 |
| Building Class | B | Parking Ratio | 10/1,000 SF |
| Lot Size | 15.23 AC | ||
| Zoning | C - Commercial | ||
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Religious Facility |
| Building Class | B |
| Lot Size | 15.23 AC |
| Building Size | 50,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1998/2000 |
| Parking Ratio | 10/1,000 SF |
| Zoning | C - Commercial |
PROPERTY TAXES
| Parcel Number | 48-337111-000101-0 | Improvements Assessment | $71,069 CAD |
| Land Assessment | $0 CAD | Total Assessment | $71,069 CAD |
PROPERTY TAXES
Parcel Number
48-337111-000101-0
Land Assessment
$0 CAD
Improvements Assessment
$71,069 CAD
Total Assessment
$71,069 CAD
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