Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    702 E Hickory Ave Muleshoe, TX 79347

    View on Map
    Sponsored
    Picture of Commercial land at E Hickory Ave 702, Muleshoe, TX
    For Sale
    Contact for pricing

    LAND - Muleshoe, TX

    Lot size:
    0.18 Acres
    Days on Market:
    11
    Last Refresh:
    Mar 5 at 6:06 am

    Property Features for 702 E Hickory Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    10595
    Lot size
    0.18 Acres

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Joseph Randall

    Veritas Real Estate Company (806) 503-7300

    Listing agent Joseph Randall (806) 300-2140 License #0727954

    Listing date Feb 23, 2026

    MLS# 202602397

    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.

    Learn more

    Property Insight Report

    Overview

    Muleshoe, TX Vacant Land

    This vacant lot is located in an established area of Muleshoe and is suitable for residential or commercial development. The property offers convenient access to local streets and nearby amenities. It can be purchased individually or as part of a package with adjoining properties at 704 E Hickory Ave and the connected lots at 701, 703, and 705 Gum St to create a larger development footprint. The lot size is 0.18 acres. This presents an opportunity for builders or investors interested in acquiring multiple contiguous parcels in Bailey County, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    Muleshoe
    County
    Bailey
    State
    Texas
    Longitude
    -102.713706
    Latitude
    34.224784

    Nearby Similar for Sale

    • $339,000
      Pending

      Versatile Commercial Building on Highway

      3,000 SF commercial building ideal for retail or office.
      1411 W American Blvd, Muleshoe, TX 79347
      View Details
    • $275,000
      2,470 SF

      Muleshoe, TX Office Property

      Office property for sale in Muleshoe, Texas.
      608 S 1St St, Muleshoe, TX 79347
      View Details
    • $350,000
      2,160 SF

      Established Car Wash Business Opportunity

      Successful car wash business for sale on 2.24 acres.
      1408 W American Blvd, Muleshoe, TX 79347
      View Details
    • $290,000
      8,738 SF

      Muleshoe, TX Office Building

      Office building for sale in Muleshoe, Texas, featuring 8738 square feet.
      208 W 2Nd St, Muleshoe, TX 79347
      View Details
    • $350,000

      Established Car Wash Business Opportunity

      Successful car wash business for sale with highway frontage.
      1408 W American Blvd, Muleshoe, TX 79347
      View Details
    • $140,000
      4,700 SF

      Freeport Downtown Office Space

      Charming Freeport office, ideal for small business.
      105 Avenue B, Muleshoe, TX 79347
      View Details
    • $949,995
      1.20 Acres

      Muleshoe Multi-Business Property Investment

      Five Businesses on 1.2 Acres in Muleshoe, TX
      1408 American Blvd, Muleshoe, TX 79347
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant residential/commercial lot in Muleshoe, TX, for development.
    Where is this commercial land located?
    The property is located at 702 E Hickory Ave Muleshoe, TX.
    What is the asking price?
    The asking price for this property is $10,000.
    What are key features of this property?
    This property features: - Vacant residential/commercial lot offering development flexibility.; - Opportunity to purchase individually or packaged with adjoining properties for a larger development footprint.; - Located in an established area of Muleshoe.
    (806) 300-2140
    Request Owner's contact information
    702 E Hickory Ave Muleshoe, TX 79347
    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.
    702 E Hickory Ave
    Muleshoe, TX 79347
    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
    702 E Hickory Ave Muleshoe, TX 79347
    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

    We can help!
    Listing Contact
    Joseph Randall
    Real Estate License ID: 0727954
    (806) 300-2140
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!