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429 N State Highway 342 500 SF 100% Leased Office Building Red Oak, TX 75154 $604,461 CAD ($1,208.92 CAD/SF)



Investment Highlights
- High traffic area in a growing community
Executive Summary
Versatile Commercial Property with Flexible Multi-Tenant or Single-User Layout Exceptional opportunity to own a highly visible commercial property located on a heavily traveled highway, offering outstanding exposure for a variety of business uses. The building is currently configured as two separate suites but can easily function as one larger space, providing flexibility for owner-occupants, investors, or multi-tenant use. The property features two restrooms, hard-surface flooring throughout, and approximately 8–9 on-site parking spaces for customers and staff. Suite A includes stylish barn doors that create private workspaces while maintaining the option for an open, collaborative layout. Climate control is provided by two HVAC systems, including one recently installed split-system unit, helping ensure efficient comfort throughout the building. An ADA-accessible ramp provides convenient entry for clients and visitors. The property also benefits from established landscaping, enhancing curb appeal and creating a welcoming first impression. Whether you're looking for office, retail, medical, professional services, or another commercial use, this adaptable property offers excellent functionality, visibility, and convenience in a prime high-traffic location. Tax rolls indicates 988 sf
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$47,788
|
$95.58
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$47,788
|
$95.58
|
| Taxes |
$5,345
|
$10.69
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$5,345
|
$10.69
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $47,788 |
| Annual Per SF | $95.58 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $47,788 |
| Annual Per SF | $95.58 |
| Taxes (CAD) | |
|---|---|
| Annual | $5,345 |
| Annual Per SF | $10.69 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $5,345 |
| Annual Per SF | $10.69 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
500 SF
Building Class
C
Year Built
1990
Price
$604,461 CAD
Price Per SF
$1,208.92 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
500 SF
Building FAR
0.05
Lot Size
0.23 AC
Zoning
C-1
Parking
8 Spaces (16 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
- Smoke Detector
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 188277 | Total Assessment | $262,930 CAD |
| Land Assessment | $173,584 CAD | Annual Taxes | $5,345 CAD ($10.69 CAD/SF) |
| Improvements Assessment | $89,346 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
188277
Land Assessment
$173,584 CAD
Improvements Assessment
$89,346 CAD
Total Assessment
$262,930 CAD
Annual Taxes
$5,345 CAD ($10.69 CAD/SF)
Tax Year
2025
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429 N State Highway 342
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