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    Groom, TX 79039

    For Sale
    $1,400,000

    1400000, General Commercial, TX

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional investment opportunity presents a substantial 0-acre parcel of general commercial land in the thriving town of Groom, Texas. Priced at $1,400,000, this property offers significant potential for a wide range of commercial ventures. The expansive acreage provides ample space for development, allowing for flexibility in design and construction to suit diverse business needs. Its strategic location within Groom ensures high visibility and accessibility, making it an ideal site for attracting customers and clients. The absence of existing structures allows for complete customization, enabling the creation of a property tailored to specific business requirements. This blank canvas presents a unique chance to build a thriving enterprise from the ground up, capitalizing on the growth potential of the Groom market. The property's general commercial zoning allows for a variety of uses, subject to local regulations, providing considerable versatility for prospective investors. This is a rare opportunity to acquire a significant piece of commercial real estate in a dynamic Texas town. Serious inquiries are encouraged to explore the possibilities this property offers. The property is located in Groom, TX. Further details regarding zoning and permitted uses are available upon request.

    Property Features for

    General Information

    Property type
    Other commercial real estate
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Groom
    County
    Carson
    State
    Texas
    Longitude
    -101.121
    Latitude
    35.2547

    FAQs

    What type of property is this?
    Commercial real estate - 1400000, General Commercial, TX
    Where is this commercial real estate located?
    The property is located at Groom, TX.
    What is the asking price?
    The asking price for this property is $1,400,000.
    (806) 922-5532
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    Groom, TX 79039
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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
    Groom, TX 79039
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