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    117 W Austin St Kermit, TX 79745

    For Sale
    $125,000

    SINGLE_FAMILY - Kermit, TX

    Type:Retail
    Property size:
    10,000 SF
    Lot size:
    0.28 Acres
    Days on Market:
    36
    Last Refresh:
    Dec 5 at 12:06 pm

    Property Features for 117 W Austin St

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    APN
    8851
    Size
    10,000 SF
    Lot size
    0.28 Acres

    Building Details

    Year built
    1955
    Building materials
    Block
    Roof type
    Flat

    Michel Real Estate (432) 586-6681

    Listing agent Duff Michel (432) 208-0621

    Listing date Oct 31, 2025

    Copyright © 2025 Odessa Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Large Retail Space in Kermit

    This large retail space, located in downtown Kermit, Texas, offers considerable potential. The property encompasses 10,000 square feet and is situated on a 0.28-acre lot. While some work is required, the property presents a substantial amount of space for the investment. Note that the parking lot to the south of the building is not included in the sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kermit
    County
    Winkler
    State
    Texas
    Longitude
    -103.094785
    Latitude
    31.856932

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    FAQs

    What type of property is this?
    Retail space - Spacious retail property with potential in downtown Kermit, Texas.
    Where is this retail space located?
    The property is located at 117 W Austin St Kermit, TX.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - Substantial price reduction (almost 50%)!; - Large retail space.; - Potential for division of the space.
    (432) 208-0621
    Request Owner's contact information
    117 W Austin St Kermit, TX 79745
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    Kermit, TX 79745
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    117 W Austin St Kermit, TX 79745
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