Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space with Attached Living Quarters Title is generated by Realmo AI

    4308 Olton Rd, Plainview, TX 79072

    View on Map
    Claim this Listing
    For Sale
    $637,000

    COMMERCIAL - Plainview, TX

    Lot size:
    0.12 Acres
    Added:
    May 21, 2026
    Days on Market:
    17
    Last Refresh:
    Jun 6 at 8:06 pm

    Property Features for 4308 Olton Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    4
    Rooms
    Bathroom 4, Bathroom 3, Bathroom 2, Bathroom 1
    Standard status
    Active
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Description
    DUNCAN PLV UNIT 2 LOT 21 & E15'- 22
    Tax Annual Amount
    5400
    Expense value
    1
    Expense
    Application Fee
    Expense freq.
    One Time

    Building Details

    Year built
    1998

    We can help!

    Listing Contact
    Apryll Van Pelt
    Apryll Van Pelt

    Listing agent Apryll Van Pelt License #0669660

    Listing office Van Pelt Real Estate 808 SW 2nd Street, Tulia, TX

    Listing date May 21, 2026

    MLS# 26-144

    Copyright © 2026 Plainview 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

    • Built in 1998 with retail space plus attached living quarters
    • Open retail area with workshop space and multiple restrooms
    • Includes kitchen, office, living area, and 2‑bedroom spaces
    • Abundant storage throughout the property
    • Oversized garage with covered rear overhang
    • Off I‑27 with highway frontage, lighted sign, and ample parking

    Overview

    This property currently operates as retail space with attached living quarters, offering an interior mix of a spacious open retail area and workshop space. The layout includes multiple restrooms, a kitchen, an office, a living area, and two-bedroom spaces, along with abundant storage throughout. Additional utility comes from an oversized garage and a covered rear overhang, supporting a flexible workflow for retail or other compatible concepts.

    Located at 4308 Olton Rd in Plainview, TX, the site is positioned just off I-27. The frontage is described as highway-adjacent with strong visibility, a lighted sign, and ample parking for customers or guests.

    For buyers and operators seeking a single building that can support retail activity alongside on-site living, this combination of public-facing sales space, service/workshop area, and residential rooms may fit a range of owner-operator and creative use cases. The presence of dedicated office space, multiple restrooms, and storage can also be practical for maintaining organization and accommodating day-to-day operational needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Artisan Jewelers & Repair (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Plainview
    County
    Hale
    State
    Texas
    Longitude
    -101.755403
    Latitude
    34.189518

    Nearby Similar for Sale

    • $800,000
      8,000 SF

      Plainview Auto/Truck Retail Shop

      8,000 SF auto/truck retail shop on 1+ acre lot.
      2601 Olton Road, Plainview, TX 79072
      View Details
    • $545,000
      6,565 SF

      Three-Building Apartment Community

      Ten-unit multifamily property with covered walkways, courtyard, and on-site laundry, with tenants paying electric.
      1205-1207 Raleigh St, Plainview, TX 79072
      View Details
    • $637,000

      Retail Property with Attached Living Quarters

      Retail space with workshop, living quarters, oversized garage, and highway frontage with ample parking.
      4308 Olton Road, Plainview, TX 79072
      View Details
    • $425,000
      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
    • $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
    • $319,000
      1,980 SF

      Plainview Commercial Building For Sale

      Commercial building with drive-up window, suitable for restaurant or retail.
      2110 W 5th Street, Plainview, TX 79072
      View Details
    • $265,000
      3,504 SF

      Plainview Quadruplex Near Interstate 27

      Updated quadruplex in Plainview, near shopping, restaurants, schools, and parks.
      105 Pecos Place, Plainview, TX 79072
      View Details
    • $300,000

      Multi-Tenant Office Building with Suites

      Multi-tenant office building with 13 private suites, shared corridors, and restrooms, plus additional adjacent vacant lots.
      812 W 8th St, Plainview, TX 79072
      View Details
    • $89,500

      Multifamily-Zoned Healthcare Facility

      Two-building campus with multiple rooms, kitchen, and outdoor space, suitable for a range of healthcare or residential conversions.
      2813 W 8th St, 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
    • $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

    FAQs

    What type of property is this?
    Retail space - Hybrid retail and living layout with workshop space, multiple restrooms, garage, and ample parking.
    Where is this retail space located?
    The property is located at 4308 Olton Rd Plainview, TX.
    What is the asking price?
    The asking price for this property is $637,000.
    What are key features of this property?
    This property features: Built in 1998 with retail space plus attached living quarters; Open retail area with workshop space and multiple restrooms; Includes kitchen, office, living area, and 2‑bedroom spaces
    (806) 627-7789
    We can help!
    Listing Contact
    Apryll Van Pelt
    Apryll Van Pelt
    Real Estate License ID: 0669660
    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
    4308 Olton Rd, 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!