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$1,250,000

1305 N Tool Drive, TX, 75143

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths12,508 Sq Ft
Hotel/MotelHotel/Motel
price_per_sqft$99.94 / sqft
Year BuiltBuilt in 2008

Highlights

Interior

Bathrooms 0Bathrooms 0
Garage AvailableGarage Available
FlooringCarpet, Concrete, Vinyl

Exterior

Lot Size27,443 sqft

Building Information

Year Built1999
Garage Spaces1

Land Information

APN3995-0001-0010-63
Lot Number5,8
SubdivisionRoyal Oaks (231)
Land UseCommercial
Legal DescriptionAB 360 G HANCOCK SUR, ROYAL OAKS BLK A TR 1, (RE:LTS 5-8)
Census Tract950801
Assessed Land Value$32,932
Assessed Improvement Value$656,243
Assessment Year2025

About this property

Fantastic! Highest rated hotel motel in Cedar Creek area with room to expand! Occupancy unaffected by Covid 19. Highly Profitable and updated with weekly and daily rates. Property is extremely well maintained and includes 17 Units. 10 suites include, queen bed, fold out, full size kitchen, and living area. 4 suites include, 2 beds, full size kitchen and living area. 2 Studios include, queen bed, mini fridge, microwave, and coffee maker. 1 Manager Suite with private garage, full size kitchen, laundry, living area and backyard. Full time manager can stay or leave with sale. Extremely high occupancy rate with long term and repeat guests. Awarded Best Hotel of 2019 and 2020! Business Hall Of Fame for 2 years!

Investor Tools

Property Icon
$689,175
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,500 /month
Positive
Cash Flow Estimate:
$2,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,298/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,128
$689,175
2025
$32,932
$656,243
$689,175
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,128
$689,175

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Progressive National Bank
Purchase Money Mortgage
$947,116
No
First
Oct 21, 2021
Oct 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$864,892
N/A
0%
125%
$5,679/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Tool

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1305 N Tool Drive | Property Details | No Agent List