Former School with Pad Site and Parking Lot | 50 Village Trail
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Former School with Pad Site and Parking Lot 50 Village Trail
5,800 SF Specialty Building Online Auction Sale Trophy Club, TX 76262
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Investment Highlights
- 50 Village Trail comprises a +5,800-square-foot non-operational/ former school and a +5,000-square-foot concrete pad site across a paved parking lot.
- Opportunity for educational institution, medical dental user, or other community-focused enterprises looking to establish themselves in the market.
- Subject site is adjacent to Lakeview Elementary School, part of the Northwest Independent School District.
- Nestled in a low-density residential suburb of Fort Worth, Texas, with easy access to Highway 114, a major east-west thoroughfare to Dallas.
- Trophy Club, Texas, is at the northernmost point of the Dallas-Fort Worth Metro and is home to many country clubs and golf courses.
- Surrounding corporations of 50 Village Trail include Charles Schwab, Deloitte, Fidelity, Sabre, Solana, and Baylor Scott & White Health.
Executive Summary
50 Village Trail is pleased to present the multifaceted investment opportunity of a ±5,800-square-foot former school with an additional ±5,000-square-foot concrete pad site available for future repurposing. Any redevelopment of the +/- 5,000-square-foot concrete pad site will be subject to approval by the City of Trophy Club, and the seller makes no assertion that the City will approve the exact structure that formerly occupied the site. The subject site has a paved parking lot of 26 surface spaces in between the vacant building and the pad site. This offering will accommodate another educational institution, an office/ medical user, or any other local, community-driven establishments prepared to serve the Westlake/Grapevine Submarket of the Dallas/Fort Worth Metro. The building is strategically located adjacent to Lakeview Elementary School, providing easy access and potential collaborative opportunities with the school. The growth of Trophy Club ensures a promising future for any business or organization looking to serve families and professionals in the region. Village Trail Retailers in the immediate area include Tom Thumb Supermarket, Great Clips, State Farm Insurance, Subway, Starbucks, Bank of America, and Walgreens.
Trophy Club, Texas, is the northernmost point of the Dallas-Fort Worth Metro. Its namesake country club and golf courses sit in the backyard of many residences. With a thriving public parks system and its unique location right by Grapevine Lake and Lewisville Lake, residents enjoy various recreational activities close to home. The suburb of Trophy Club has access to small-city amenities; Roanoke’s shopping and chain restaurants are just two miles away, and the massive Grapevine Mills Mall is roughly 15 miles east. Walmart and Aldi at Roanoke Crossing can be found off Texas-114 for additional grocery needs. Major throughways include Highway 377 and Interstate 35, which bring residents to Lewisville Lake’s waterfront. Texas-170 East is a direct 23-mile route to Fort Worth, while Texas-114 provides a way to reach Dallas within 13 miles. The Dallas Fort Worth International Airport is about 14 miles southeast for trips away. Baylor Scott & White Medical Center is roughly 2 miles away for immediate healthcare needs.
The Westlake/Grapevine Submarket area has phenomenal demographics; the five-mile average household income is $161,507, and the 5-mile population is 96,523. The median home value is just shy of $490,500, more than 50% of the realm’s residents have attained a bachelor’s degree or higher, and more than $1.5 billion is spent annually and generated back into the local economy. Of the 32,472 daytime employees, approximately 29,718 report to service-producing industries, aligning with 50 Village Trail’s build-out and capabilities. Surrounding corporations of 50 Village Trail include Charles Schwab, Deloitte, Fidelity, Sabre, Solana, and Baylor Scott & White Health.
Property tours are available by appointment only. Please get in touch with the listing broker to schedule.
Trophy Club, Texas, is the northernmost point of the Dallas-Fort Worth Metro. Its namesake country club and golf courses sit in the backyard of many residences. With a thriving public parks system and its unique location right by Grapevine Lake and Lewisville Lake, residents enjoy various recreational activities close to home. The suburb of Trophy Club has access to small-city amenities; Roanoke’s shopping and chain restaurants are just two miles away, and the massive Grapevine Mills Mall is roughly 15 miles east. Walmart and Aldi at Roanoke Crossing can be found off Texas-114 for additional grocery needs. Major throughways include Highway 377 and Interstate 35, which bring residents to Lewisville Lake’s waterfront. Texas-170 East is a direct 23-mile route to Fort Worth, while Texas-114 provides a way to reach Dallas within 13 miles. The Dallas Fort Worth International Airport is about 14 miles southeast for trips away. Baylor Scott & White Medical Center is roughly 2 miles away for immediate healthcare needs.
The Westlake/Grapevine Submarket area has phenomenal demographics; the five-mile average household income is $161,507, and the 5-mile population is 96,523. The median home value is just shy of $490,500, more than 50% of the realm’s residents have attained a bachelor’s degree or higher, and more than $1.5 billion is spent annually and generated back into the local economy. Of the 32,472 daytime employees, approximately 29,718 report to service-producing industries, aligning with 50 Village Trail’s build-out and capabilities. Surrounding corporations of 50 Village Trail include Charles Schwab, Deloitte, Fidelity, Sabre, Solana, and Baylor Scott & White Health.
Property tours are available by appointment only. Please get in touch with the listing broker to schedule.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
Property Facts
| Sale Type | Investment | Lot Size | 1.05 AC |
| Sale Conditions | Auction Sale | Building Size | 5,800 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Schools | Year Built/Renovated | 1993/1995 |
| Building Class | B | Parking Ratio | 4.48/1,000 SF |
| Sale Type | Investment |
| Sale Conditions | Auction Sale |
| Property Type | Specialty |
| Property Subtype | Schools |
| Building Class | B |
| Lot Size | 1.05 AC |
| Building Size | 5,800 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1993/1995 |
| Parking Ratio | 4.48/1,000 SF |
PROPERTY TAXES
| Parcel Number | R169310 | Improvements Assessment | $1,193,620 |
| Land Assessment | $457,380 | Total Assessment | $1,651,000 |
PROPERTY TAXES
Parcel Number
R169310
Land Assessment
$457,380
Improvements Assessment
$1,193,620
Total Assessment
$1,651,000
zoning
| Zoning Code | R-8, Trophy Club |
| R-8, Trophy Club |
Sale Advisors
Sale Advisors
Lane Kommer, Sr. Vice President-Investments/Land Division
(972) 419-4093
Contact
PROFESSIONAL INFORMATION
Lane is a Top Producer at Henry S. Miller Brokerage, a D CEO Power Broker and a Dallas Business Journal Top Broker. Lane works with developers, institutions and high net worth clients on the acquisition and disposition of all real estate classes, with a focus on high density redevelopment opportunities, bank REO assets, multi- family and land transactions. Lane specializes in the Urban Infill submarkets of the City of Dallas. and has successfully completed a number of transactions within this area. Lane is consistently placed as a monthly and yearly Top Producer for the entire Henry S. Miller organization.
PROFESSIONAL HISTORY
Prior to joining Miller, Lane worked with family owning and operating restaurants. Starting at the bottom and working his way to the top he helped grow the organization into one of the largest CiCi’s Pizza franchisee operations. Daily responsibilities included all P&L line items including, but not limited to, operations for 14 restaurants, hiring management, site selection, lease negotiation, supervising a team of over 200 team members and new restaurant expansion. After selling all the restaurants in 2006, Lane started developing Townhouse Communities and Single Family homes with his brother and father in the Uptown areas of Dallas for Great Southwestern Homes.
Lane is a Top Producer at Henry S. Miller Brokerage, a D CEO Power Broker and a Dallas Business Journal Top Broker. Lane works with developers, institutions and high net worth clients on the acquisition and disposition of all real estate classes, with a focus on high density redevelopment opportunities, bank REO assets, multi- family and land transactions. Lane specializes in the Urban Infill submarkets of the City of Dallas. and has successfully completed a number of transactions within this area. Lane is consistently placed as a monthly and yearly Top Producer for the entire Henry S. Miller organization.
PROFESSIONAL HISTORY
Prior to joining Miller, Lane worked with family owning and operating restaurants. Starting at the bottom and working his way to the top he helped grow the organization into one of the largest CiCi’s Pizza franchisee operations. Daily responsibilities included all P&L line items including, but not limited to, operations for 14 restaurants, hiring management, site selection, lease negotiation, supervising a team of over 200 team members and new restaurant expansion. After selling all the restaurants in 2006, Lane started developing Townhouse Communities and Single Family homes with his brother and father in the Uptown areas of Dallas for Great Southwestern Homes.
Jim Turano, Executive Vice President
(972) 386-1424
Contact
Jim Turano serves as Executive Vice President of the Industrial Division for Henry S. Miller Brokerage, one of the largest independent full service commercial real estate firms in Texas. Our corporate office is based in Dallas and Regional offices are located in Houston, Austin, San Antonio and El Paso-New Mexico. Established in 1914 by Henry S. Miller Sr., it is one of the most respected companies in Texas with a reputation for service and integrity.
CAREER TRANSACTION HIGHLIGHTS
Mr. Turano began his career in commercial real estate in 1984 specializing in tenant representation, office leasing and commercial property sales. He has worked as the exclusive leasing agent for several major projects including 6688 North Central (Formerly Metropolitan Financial Tower), Stanford Corporate Centre in Dallas, Three Hillcrest Green, NCNB Tower in Plano, and Arlington Medical Plaza. He has represented medical tenants in their acquisitions of additional lease space and site selection for build-to-suit medical office buildings.
PROFESSIONAL HISTORY
Mr. Turano’s thorough understanding of the economic and functional needs of both Landlord and Tenant, and strong people and communication skills, have enabled him to provide the highest level of service to his commercial clients. He has continuously been recognized as one of the Top Producers within the company. Mr. Turano’s previous experience includes two years restaurant and hotel management, three years in computer software sales and five years of active duty in the United States Marine Corps with service in Vietnam as a helicopter pilot.
CAREER TRANSACTION HIGHLIGHTS
Mr. Turano began his career in commercial real estate in 1984 specializing in tenant representation, office leasing and commercial property sales. He has worked as the exclusive leasing agent for several major projects including 6688 North Central (Formerly Metropolitan Financial Tower), Stanford Corporate Centre in Dallas, Three Hillcrest Green, NCNB Tower in Plano, and Arlington Medical Plaza. He has represented medical tenants in their acquisitions of additional lease space and site selection for build-to-suit medical office buildings.
PROFESSIONAL HISTORY
Mr. Turano’s thorough understanding of the economic and functional needs of both Landlord and Tenant, and strong people and communication skills, have enabled him to provide the highest level of service to his commercial clients. He has continuously been recognized as one of the Top Producers within the company. Mr. Turano’s previous experience includes two years restaurant and hotel management, three years in computer software sales and five years of active duty in the United States Marine Corps with service in Vietnam as a helicopter pilot.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Jameson Kuykendall
Contact
Auctioneer License:
Ten-X Commercial, LLC Todd Siegel RE Brkr 9004662
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Lane Kommer -
Jim Turano -
Henry S. Miller
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Former School with Pad Site and Parking Lot | 50 Village Trail
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