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    Modern Warehouse Near Wheeler, Texas Title is generated by Realmo AI

    290 Quail Run Lane, Wheeler, TX 79096

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    For Sale
    $825,000

    Warehouse - Wheeler, TX

    Type:Warehouse
    Lot size:
    8.46 Acres
    Added:
    Mar 29, 2026
    Days on Market:
    50
    Last Refresh:
    May 17 at 8:06 am

    Property Features for 290 Quail Run Lane

    General Information

    Property type
    Commercial Sale
    Property subtype
    Warehouse
    Parking features
    Garage, Gated, Heated, Workshop
    Standard status
    Active
    APN
    Lots 2 and 3
    Lot size
    8.46 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Heat Pump

    Building Details

    Year built
    2012
    Flooring type
    Concrete
    Building materials
    Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Chip Hill

    Listing agent Chip Hill License #0509380

    Listing office RiverCrest Realty 625 Melody Lane, Wheeler, TX

    Listing date Mar 29, 2026

    MLS# 21061325 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Ideal location for petroleum/energy company, just outside Wheeler, TX.
    • Engineer‑designed for industrial use with reinforced concrete.
    • Foam insulated warehouse with heated space and heated/cooled office for energy efficiency.
    • Secure perimeter: 8.46 acres fenced with 8 ft chain‑link and gated access.
    • Three 16 ft x 16 ft automatic insulated garage doors and 18 ft eaves for large vehicle access.
    • Equipped with industrial racking for storage and a fenced bay for semi‑trailer stocking.

    Overview

    This modern, foam-insulated warehouse is situated on 8.46 acres in unincorporated Wheeler County, Texas, just 200 yards from the Wheeler city limits. The property is enclosed by an 8 ft chain-link fence and features approximately 3 acres of gravel parking, with the remaining area covered in bermuda grass. Engineered for industrial use, the entire warehouse is heated, and a small office area is heated and cooled. The building is insulated with closed-cell foam and painted to maximize light reflection from the overhead lights. It includes three 16 ft x 16 ft automatic insulated garage doors and 18 ft tall eaves. The 8-inch thick slab is reinforced with concrete beams on 10 ft centers to accommodate heavy truck traffic. One bay is fenced off to hold a semi-trailer for stocking. Industrial racking is installed on one side of the warehouse for storage. This property is suitable for a petroleum or energy-related company.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Pharmacy Hair Salon Auto Repair Shop Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wheeler
    County
    Wheeler
    State
    Texas
    Longitude
    -100.266592
    Latitude
    35.425591

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    FAQs

    What type of property is this?
    Warehouse - Foam insulated warehouse on 8.46 acres near Wheeler.
    Where is this warehouse located?
    The property is located at 290 Quail Run Lane Wheeler, TX.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: Ideal location for petroleum/energy company, just outside Wheeler, TX.; Engineer‑designed for industrial use with reinforced concrete.; Foam insulated warehouse with heated space and heated/cooled office for energy efficiency.
    (972) 989-8019
    We can help!
    Listing Contact
    Chip Hill
    Real Estate License ID: 0509380
    Learn More
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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.

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