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    Plainview Commercial Property For Sale Title is generated by Realmo AI

    3218 Quincy Street, Plainview, TX

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    For Sale
    $295,000

    COMMERCIAL - Plainview, TX

    Property size:
    3,757 SF
    Lot size:
    6.39 Acres
    Price / SF:
    $78/SF
    Added:
    Apr 17, 2023
    Days on Market:
    1147
    Last Refresh:
    Jun 6 at 9:06 am

    Property Features for 3218 Quincy Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    TAX ID NOT FOUND
    Size
    3,757 SF
    Lot size
    6.39 Acres

    Taxes and HOA fees

    Tax Description
    e 6.388 aces out of the Southwest Corner of the Northwest 1/4 of AB 1959, Block JK-2, Section 38

    Utilities

    Cooling system
    Electric, Central Air

    Building Details

    Building materials
    Brick

    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 Apr 17, 2023

    MLS# 202305294

    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

    • 6.388 acres with development potential: Back portion already has paved streets and city utilities, feasible for residential lots.
    • Strategic location: Close proximity (300 yards) to Walmart Distribution Center and other businesses on a main thoroughfare to I‑27.
    • Ample parking: Features 5626 sq. ft. of pavement and lots of parking spaces.
    • Well‑maintained building: Building is in great condition with a main lobby, private offices, a large meeting area, 2 restrooms, and a kitchen area.
    • Paved street access: Property has paved streets on 3 sides of the land.
    • Zoning: Front part of property is zoned light manufacturing and warehouse buildings.

    Overview

    This property, known as KKYN Radio, includes the radio station building and land. The building offers 3,757 square feet of space and features a main lobby, several private offices, a large meeting area, two restrooms, and a kitchen area. The property includes 5,626 square feet of pavement and ample parking. Situated approximately 300 yards from the Walmart Distribution Center and other businesses on the main thoroughfare to I-27, the location offers convenient access to the interstate. The property comprises 6.388 acres, with the back portion already developed with paved streets and city utilities, making it feasible to develop several residential lots for houses. Paved streets border the land on three sides. The building is in great condition. The front part of the property is zoned for light manufacturing and warehouse buildings and is located in Plainview, Texas.
    Property Profile Location Intelligence

    Current Use by Public Records

    KKYN-FM Radio Station Kvop Radio Station

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Plainview
    County
    Hale
    State
    Texas
    Longitude
    -101.723669
    Latitude
    34.213306

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    FAQs

    What type of property is this?
    Specialty property - Radio station building and land with development potential in Plainview.
    Where is this specialty property located?
    The property is located at 3218 Quincy Street Plainview, TX.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: 6.388 acres with development potential: Back portion already has paved streets and city utilities, feasible for residential lots.; Strategic location: Close proximity (300 yards) to Walmart Distribution Center and other businesses on a main thoroughfare to I‑27.; Ample parking: Features 5626 sq. ft. of pavement and lots of parking spaces.
    (806) 293-2572
    We can help!
    Listing Contact
    Keith Billington
    Real Estate License ID: 0209609
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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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