Last 24 Hours
$1,130,456
NAL Estimated Property Value551 Bluebird Lane, Red Oak, TX, 75154
Off Market
Commercial
— Beds
— Bath
7,623 Sq Ft
Business
Built in 1993Highlights
Interior
Bedrooms —
Bathrooms —FlooringCarpet, Combination, Concrete, Tile, Vinyl
Exterior
Lot Size1.51 acres
Building Information
Year Built1993
Stories1
Land Information
APN72.7803.905.001.00.111
Lot Number1R,A
SubdivisionRed Oak Ests-Rev
Land UseCommercial
Legal DescriptionLOT 1R-A BLK E RED OAK ESTS-REV 1.5090 AC
Census Tract060206
Assessed Land Value$592,903
Assessed Improvement Value$537,553
Assessment Year2025
About this property
Amazing Investment Opportunity! Former New Horizon Academy was a staple in the Red Oak community for over 30 years. Could be used as a medical facility. Backs up to 55+ Senior living complex. Close proximity to major highways, retail outlets, police and fire station. Building on property has metal roof and structure with no load bearing walls in interior. Great opportunity for renovation and finish out. Property is part of a portfolio, and to be sold with lot on Hawk Ave.
Investor Tools
$1,130,456
Estimated Property Value
$914,997Estimated Mortgage Balance
$215,459Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,783 /month
Positive
Cash Flow Estimate:
$2,261 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,267/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,552
$1,130,456
2025
$592,903
$537,553
$1,130,456
No
Tax History
Year
Tax Paid
Assessed Value
2018
$9,552
$1,130,456
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Three Horizons Group
Unknown
$975,000
No
First
Jan 23, 2023
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$914,997
$215,459
19%
81%
$5,846/mo
12.4%