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    114 Teel Dr Devine, TX 78016

    For Sale
    $350,000

    High-yield commercial property in Devine, TX.

    Property size:
    2,394 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    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 Features for 114 Teel Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,394 SF
    Lot Size
    11,761 SF

    Building Details

    Year Built
    1957
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Devine
    County
    Medina
    State
    Texas
    Longitude
    -98.90649
    Latitude
    29.13973

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    FAQs

    What type of property is this?
    Commercial real estate - High-yield commercial property in Devine, TX.
    Where is this commercial real estate located?
    The property is located at 114 Teel Dr Devine, TX.
    What is the asking price?
    The asking price for this property is $350,000.
    (210) 571-0330
    Request Owner's contact information
    114 Teel Dr Devine, TX 78016
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    Devine, TX 78016
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    Realmo Value Estimation

    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.

    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.

    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
    114 Teel Dr Devine, TX 78016
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