This highly productive and 100% leased property is ideally suited for savvy investors looking for a stabilized income with long term tenants. The masonry and steel constructed improvements were originally designed and used as a church, later repurposed with 22,364 square feet of leasable area in two leased units. The long-term tenants include a bi-lingual day care and gymnastics and cheer facility utilizing the full-size gym and related office, conference, viewing areas and kitchen. This high traffic location is located just east of downtown Caddo Mills, Texas, one of the fastest growing communities in the DFW and Hunt County area, with excellent schools, significant residential development and prospects for continued growth and sustainability. This leased fee property is surrounded by commercial, retail and industrial uses with additional excess land available on the site that affords the opportunity to increase the income possibilities with additional improvements or other uses. Supporting lease and other statistical data available from the listing agent. Due to the nature of the current tenant uses, special showing arrangements will need to be made when possible. The seller is a licensed real estate agent.
| Listing Id: | 21419994 |
|---|---|
| List Price: | $1,850,000 |
| Property Type: | Commercial Sale |
| Property Sub Type: | Business |
| Status: | Active |
| Unexempt Taxes: | $17,903 |
| Lot Size Square Feet: | 171,626.4000 |
| Lot Size Acres: | 3.94 |
| Waterfront?: | No |
| City: | Caddo Mills |
| County Or Parish: | Hunt |
| Subdivision Name: | Catherine Haven Surv Abs #488 |
| Postal Code: | 75135 |
| Year Built: | 1993 |
| Accessibility Features Yn: | No |
| Appraiser Name: | See Agent |
| Average Monthly Lease: | $12,432 |
| Basement Yn: | No |
| Building Area Source: | Appraiser |
| Building Area Total: | 22,364.00 |
| Building Use: | Church, Other |
| Business Type: | Athletic, Child Care, Church, Commercial, Distribution, Industrial, Manufacturing, Mixed, Warehouse |
| Ceiling Height: | 11 to 14 Feet, More than 20 Feet, Suspended |
| Construction Materials: | Brick, Metal Siding, Stone Veneer, See Remarks |
| Construction Materials Walls: | Brick, Metal |
| Cooling: | Central Air, Electric |
| Directions: | Located just east of the downtown area of Caddo Mills on the north side of State Highway 66. GPS directions should be valid. |
| Flooring: | Ceramic Tile, Concrete, See Remarks |
| Foundation Details: | Slab |
| Gross Annual Expenses: | $101,400 |
| Gross Annual Income: | $246,000 |
| Heating: | Central, Electric |
| Insurance Expense: | $22,364 |
| Lake Pump Yn: | No |
| Leasable Area: | 22,364.00 |
| Lease Rate Max: | 6.72 |
| Lease Term Description: | Lease information available from listing agent. |
| Listing Terms: | 1031 Exchange, Cash, Conventional |
| Lot Features: | Acreage, Level, Lrg. Backyard Grass |
| Lot Size: | 3 to < 5 Acres |
| Lot Size Area: | 3.9400 |
| Lot Size Dimensions: | See Survey |
| Lot Size Source: | Assessor |
| Lot Size Units: | Acres |
| Multi Parcel ID: | No |
| Multi Zoning?: | No |
| Municipal Utility District?: | No |
| Net Operation Income: | $132,000 |
| Notice Surveillance Devices Pres: | Video |
| Number Of Leaseable Spaces: | 2 |
| Number Of Spaces Leased: | 2 |
| Occupancy Rate: | 100 |
| Operating Expense Includes: | Accounting, Insurance, Maintenance, Professional Management, Other |
| Owner Pays: | Common Area Maintenance, Exterior Maintenance, Insurance, Sewer, Taxes, Water |
| Parking Features: | Porte-Cochere, Concrete, Direct Access, Gravel, Oversized, Parking Lot |
| Possession: | Closing/Funding, Lease Outstanding, Subject to Lease |
| Postal Code Plus 4: | 6208 |
| Road Frontage Type: | Highway, State Road |
| Roof: | Metal, Shingle |
| Security Features: | Security System, Smoke Detector(s) |
| Senior Community Yn: | No |
| Special Taxing Entities: | 0 |
| Sqft Gross: | 22,364 |
| Stories Total: | 2 |
| Tenant Pays: | Electricity, Trash Collection, Other |
| Topography: | Level |
| Utilities: | All Weather Road, Asphalt, City Sewer, City Water, Master Water Meter, Overhead Utilities |
| Will Subdivide: | No |
| Year Built Details: | Preowned |
| Zoning Description: | Commercial uses |
Listing Courtesy of: Tarpley, REALTORS
Listing Agent: Randall Tarpley
903-455-5135
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North Texas Real Estate Information Systems, Inc. data last updated on October 25, 2026 01:32 AM - CT
Property Last Updated: October 25, 2026 01:32 AM - CT
