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    Quadplex with Renovated Tenant Unit Title is generated by Realmo AI

    126 Coliseum Dr, Snyder, TX 79549

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    For Sale
    $279,000

    MULTI_FAMILY - Snyder, TX

    Property size:
    6,699 SF
    Lot size:
    1.90 Acres
    Price / SF:
    $41/SF
    Added:
    Jan 3, 2026
    Days on Market:
    154
    Last Refresh:
    Jun 6 at 10:06 am

    Property Features for 126 Coliseum Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    12
    Bathrooms
    8
    Rooms
    Bathroom 5, Bathroom 7, Bedroom 7, Bedroom 11, Bedroom 5, Bedroom 3, Bedroom 1, Bedroom 9, Bedroom 4, Bathroom 6, Bedroom 8, Bedroom 12, Bathroom 4, Bathroom 1, Bathroom 8, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 10, Bathroom 2
    Exterior features
    Fence-Partial
    Fencing
    Partial
    Standard status
    Active
    Size
    6,699 SF
    Lot size
    1.90 Acres

    Taxes and HOA fees

    Tax Description
    PT OF TRACT 55 GRAYUM & NELSON, W 80'LOT 2& 3 BLOCK 58, GRAYUM AND NELSON (PROPERTY ID # 13694 & 13688
    Tax Annual Amount
    4832

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Gas (Cooling), Central Air
    Water source
    Public

    Building Details

    Year built
    1950
    Floors in Building
    1
    Roof type
    Composition

    We can help!

    Listing Contact
    Faye Blackledge
    Faye Blackledge

    Listing agent Faye Blackledge License #TREC 0300886

    Listing office Heritage Homes REALTORS 1913 30th St, Snyder, TX

    Listing date Jan 3, 2026

    MLS# 50087716 Listing URL

    Copyright © 2026 Permian Basin 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.

    HighLights

    • Four existing residential units totaling 6,000+ sq ft of combined living space
    • All units are 3 bedrooms and 2 baths with storage in the back
    • One unit has been remodeled and is ready to lease
    • Other unit updates include new roof and updated wiring
    • Central air with gas cooling; public water and public sewer
    • Composition roof and partial fencing

    Overview

    This quadplex includes four existing residential units, each configured as 3 bedrooms and 2 bathrooms with storage space in the back. Combined, the units provide over 6,000 square feet of living space. Unit #1 has been renovated and is ready for a new tenant, while updates across the property include a new roof and updated wiring on the remaining units.

    The land setting places the property on Highway with a high traffic count, which can support a variety of income strategies. With four separate units already in place, the site also offers flexibility for potential alternative uses that an owner-operator may consider, including restaurant, rentals, or office space.

    For investors, this is a straightforward multi-unit opportunity with a turn-ready unit plus value-add improvements already completed on portions of the building. For an owner seeking hands-on operation, the mix of renovated and updated components can help reduce downtime while targeting market rent potential of approximately $1,200 to $1,500 per month per unit, depending on final leasing terms and conditions. Call today to schedule a showing and review options for the full property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Hotel & Motel Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Snyder
    County
    Scurry
    State
    Texas
    Longitude
    -100.893797
    Latitude
    32.712836

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    FAQs

    What type of property is this?
    Quadplex - Four 3-bedroom, 2-bath units, with one renovated and ready to lease, offering strong income potential.
    Where is this quadplex located?
    The property is located at 126 Coliseum Dr Snyder, TX.
    What is the asking price?
    The asking price for this property is $279,000.
    What are key features of this property?
    This property features: Four existing residential units totaling 6,000+ sq ft of combined living space; All units are 3 bedrooms and 2 baths with storage in the back; One unit has been remodeled and is ready to lease
    (325) 207-0501
    We can help!
    Listing Contact
    Faye Blackledge
    Faye Blackledge
    Real Estate License ID: TREC 0300886
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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