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1801 Southeast Parkway 1801 Southeast Pky 3,000 SF 100% Leased Office Building Azle, TX 76020 $410,000 ($136.67/SF) 4.24% Cap Rate
INVESTMENT HIGHLIGHTS
- Frontage on Hwy 199 access road
- Visibility from Highway
EXECUTIVE SUMMARY
Office building with four leasable spaces. Currently fully occupied. Corner lot on Highway 199 access road with visibility from Highway 199. Central heat and air. City water and sewer. Separate electric meters. Each unit has a half bath. Shared asphalt parking lot.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
3,000 SF
Building Class
C
Year Built/Renovated
1987/2024
Price
$410,000
Price Per SF
$136.67
Cap Rate
4.24%
NOI
$17,400
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,000 SF
Building FAR
0.27
Lot Size
0.25 AC
Zoning
commercial - Commercial office or retail
1 1
PROPERTY TAXES
| Parcel Number | 04281497 | Total Assessment | $271,000 |
| Land Assessment | $58,971 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $212,029 | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
04281497
Land Assessment
$58,971
Improvements Assessment
$212,029
Total Assessment
$271,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025 Payable 2025
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1801 Southeast Parkway | 1801 Southeast Pky
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