Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Plainview Commercial Building Near Hospital Title is generated by Realmo AI

    2620 Yonkers, Plainview, TX 79072

    View on Map
    Claim this Listing
    For Sale
    $122,000

    COMMERCIAL - Plainview, TX

    Type:Office
    Property size:
    1,583 SF
    Price / SF:
    $77/SF
    Added:
    Jun 13, 2022
    Days on Market:
    1434
    Last Refresh:
    May 16 at 5:06 pm

    Property Features for 2620 Yonkers

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Size
    1,583 SF

    Taxes and HOA fees

    Tax Description
    Block 3, S. 100' of N. 230'-3, Edgemere Heights Addn.

    We can help!

    Listing Contact
    Keith Billington

    Listing agent Keith Billington License #0209609

    Listing office Billington Real Estate 3109 Olton Rd, Ste 5005, Plainview, TX

    Listing date Jun 13, 2022

    MLS# 202303486

    Copyright © 2026 Lubbock Association 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

    • Excellent location adjacent to Dr. Sergio Lara's office and near Covenant Hospital Plainview, Plainview Healthcare Center, other medical offices, and the newest fire station.
    • Previously used as a doctor's office, the building is suitable for home health, medical supply, or other business ventures.
    • Includes 4 offices, a storage/file room with storage cabinets, a conference room, a break room with a sink, a reception area, a lobby, and 2 restrooms.
    • Conference room (10.5'x27') can be converted into two additional offices.
    • Storage and File Room (7.1'x7') has lots of storage cabinets.
    • Break room (5.9'x11.4') includes a sink.

    Overview

    This commercial building is located in close proximity to Covenant Hospital Plainview, Plainview Healthcare Center, other medical offices, and Plainview's newest fire station. The property was previously used as a doctor's office and is suitable for a home health facility, a medical supply facility, or other business ventures. The building has 4 offices with the following dimensions: 11.5'x9.7', 10.9'x9.6', 10.9'x9.7' (with a restroom), and 10.9'x9.6'. It also includes a 10.5'x27' conference room (which could be converted into two offices), a 7.1'x7' storage and file room with storage cabinets, and a 5.9'x11.4' kitchen/break room with a sink. Additional features include a 12.6'x14.7' reception/seating area, an 11'x16.7' lobby, 2 restrooms, and a basement. The property has a total size of 1583 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Star Career Training ... Training Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Plainview
    County
    Hale
    State
    Texas
    Longitude
    -101.734866
    Latitude
    34.20725

    Nearby Similar for Sale

    • $89,500
      9,340 SF

      Plainview Commercial Building For Sale

      Versatile commercial building in Plainview, Texas, priced for renovation.
      2813 W 8th St, Plainview, TX 79072
      View Details
    • $499,000
      12,000 SF

      Versatile Commercial Building in Plainview

      6,000 SF commercial building with showroom and office space.
      509 Broadway Street, Plainview, TX 79072
      View Details
    • $350,000
      1,980 SF

      Plainview Commercial Building with Drive-Up

      Versatile commercial building with drive-up window in Plainview, Texas.
      2110 W 5th Street, Plainview, TX 79072
      View Details
    • $545,000
      6,565 SF

      Plainview Apartment Building: 10 Units

      Ten-unit apartment building with high occupancy in Plainview, Texas.
      1205-1207 Raleigh St, Plainview, TX 79072
      View Details
    • $250,000
      2,870 SF

      Plainview Office with Corner Location

      Office property with multiple spaces and ample parking.
      3810 W 24th Street, Plainview, TX 79072
      View Details
    • $219,900
      3,504 SF

      Plainview, Texas Quadplex For Sale

      Two-story quadplex with four units, great cash-flow opportunity.
      100 Pecos Place, Plainview, TX 79072
      View Details
    • $109,995
      3,000 SF

      Plainview Theater For Sale

      Commercial property operating as a theater in Plainview, Texas.
      1403 W 5th Street, Plainview, TX 79072
      View Details
    • $62,000
      3,504 SF

      Plainview Multifamily Property For Sale

      Multifamily property in Plainview, Texas, pending short sale approval.
      101 Pecos Place, Plainview, TX 79072
      View Details
    • $59,000
      3,504 SF

      Plainview, TX Multi-Family Property

      Multi-family property in Plainview, TX, pending short sale.
      103 Pecos Place, Plainview, TX 79072
      View Details
    • $152,500
      1,583 SF

      Medical Office Near Covenant Hospital

      Versatile medical office space near Plainview Healthcare Center.
      2620 Yonkers, Plainview, TX 79072
      View Details
    • $165,500
      17,100 SF

      Plainview Commercial Property with Barns

      Commercial property featuring two large barns and an efficiency.
      710 E 6th, Plainview, TX 79072
      View Details
    • $199,999

      Industrial Property on 4.94 Acres

      Industrial property for sale near Plainview, TX, with grain storage.
      743 W US Hwy 70, Plainview, TX
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Commercial building suitable for medical or general office use.
    Where is this medical office space located?
    The property is located at 2620 Yonkers Plainview, TX.
    What is the asking price?
    The asking price for this property is $122,000.
    What are key features of this property?
    This property features: Excellent location adjacent to Dr. Sergio Lara's office and near Covenant Hospital Plainview, Plainview Healthcare Center, other medical offices, and the newest fire station.; Previously used as a doctor's office, the building is suitable for home health, medical supply, or other business ventures.; Includes 4 offices, a storage/file room with storage cabinets, a conference room, a break room with a sink, a reception area, a lobby, and 2 restrooms.
    (806) 293-2572
    We can help!
    Listing Contact
    Keith Billington
    Real Estate License ID: 0209609
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2620 Yonkers, Plainview, TX 79072
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!