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    OFF-MARKET
    Commercial real estate

    114 Teel Dr, Devine, TX 78016-2937

    2,394 SF 0.29 ac lot Built 1957
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US82-4791504
    Property summary
    AI-generated overview

    This exceptional 2,394 square foot commercial building, situated on a 0.27-acre lot at 114 S Teel Drive in Devine, Texas, presents a compelling investment opportunity. Priced at $350,000, this property offers significant potential for both investors and owner-occupiers. The building's vibrant location makes it an attractive proposition for a variety of businesses. For investors, the property offers the chance to acquire an income-producing asset well below replacement cost. The presence of vacant space allows for future lease-up, leading to increased net operating income (NOI) and diversified cash flow. This represents a strong return on investment potential. For owner-occupiers, this property provides the opportunity to own their business location, building equity instead of paying rent. The building's size and location make it suitable for a range of commercial uses. The property is being offered for sale only, presenting a unique chance to secure a valuable asset in a desirable location. Serious inquiries are encouraged to explore this promising investment or business ownership opportunity. The property is located in Devine, TX, a growing community offering a strong local market. The 0.27-acre lot provides ample space for potential expansion or outdoor uses. This is a rare opportunity to acquire a well-positioned commercial property in a thriving area.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1957
    Total area 2,394 SF
    Lot 0.29 ac (12,519 SF)
    APN 14632
    UPID US82-4791504
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    LUIS P VILLANUEVA
    LUIS P VILLANUEVA
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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