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

    1240 Us Highway 385 Andrews, TX 79714

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $400,000

    High-traffic location, 5,694 sq ft building

    Property size:
    5,694 SF

    Property Features for 1240 Us Highway 385

    General Information

    Property type
    Investment properties
    Square Feet
    5,694 SF
    Lot Size
    94,961 SF

    Building Details

    Year Built
    1985

    We can help!

    Listing Contact
    Premiere Group Team

    Listing Agency: Real Broker, LLC Listing Agent: Premiere Group Team

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional business opportunity presents a substantial 5,694 square foot building situated on a generous 2.18-acre lot at 1240 S US Hwy 385 in Andrews, Texas. The property's strategic location on a major highway ensures high visibility and accessibility, making it ideal for a wide range of commercial ventures. The expansive lot offers ample space for expansion, additional parking, or outdoor operations, providing significant flexibility for future development. The building itself provides a substantial footprint ready for immediate occupancy or customization to suit specific business needs. The asking price of $400,000 represents a compelling investment opportunity in a thriving Texas community. This property is well-suited for businesses seeking a prominent presence in a high-traffic area with significant growth potential. The substantial size of both the building and the lot provides a rare opportunity to establish a significant commercial presence in Andrews. Serious inquiries are encouraged to explore the possibilities this property offers. The property is offered as-is. Further details are available upon request. Don't miss this chance to secure a prime commercial location in a dynamic market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    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
    Andrews
    County
    Andrews
    State
    Texas
    Longitude
    -102.5407
    Latitude
    32.29923

    Nearby Similar for Sale

    • $995,000
      4,731 SF

      Versatile Office and Shop on Land

      Commercial property with office, shop, and fenced 2-acre lot.
      1980 N Us Highway 385, Andrews, TX 79714
      View Details
    • $250,000
      1,200 SF

      Turn-Key Pet Business Opportunity

      Profitable pet business with building and operation seamlessly integrated.
      844 SW 201, Andrews, TX 79714
      View Details
    • $725,000
      8,826 SF

      Versatile Building Near Main Street

      Adaptable commercial building suitable for retail, restaurant, or office use.
      1213 NW 1St Pl, Andrews, TX 79714
      View Details
    • $400,000
      4,000 SF

      Versatile Shop in High-Traffic Area

      4-bay shop suitable for automotive, industrial, or service businesses.
      1507 SW Mustang Dr, Andrews, TX 79714
      View Details
    • $610,000
      4,423 SF

      Andrews, TX Caliche Yard Property

      Conveniently located property with truck access, shop, and caliche yard.
      501 SE Mustang Dr, Andrews, TX 79714
      View Details
    • $115,000
      1.00 Acre

      Acreage with Buildings in Andrews

      Acreage with buildings suitable for small business or storage.
      1101 Avenue I SW, Andrews, TX 79714
      View Details
    • $225,000
      2,016 SF

      Office Building Near Courthouse

      Office building with possibilities near the courthouse in Andrews, TX.
      210 Avenue A NW, Andrews, TX 79714
      View Details
    • $325,000
      6,401 SF

      Office Building in Andrews, Texas

      Spacious office building with conference room and parking.
      906-908 S Main St, Andrews, TX 79714
      View Details
    • $1,200,000
      8,440 SF

      Updated Offices and Large Shop

      Updated offices, large shop, and storage on 2.5 acres.
      2116 NE 151, Andrews, TX 79714
      View Details
    • $339,500
      3,552 SF

      Andrews Multifamily Investment Opportunity

      Fully occupied multifamily property in Andrews, TX, featuring fireplaces and connections.
      406 SE 6Th St, Andrews, TX 79714
      View Details
    • $295,000
      6,952 SF

      Andrews Commercial Flex/Industrial Property

      Flex/industrial property in Andrews, TX, totaling 6,952 square feet.
      500 Andrews St, Andrews, TX 79714
      View Details
    • $349,000
      3,536 SF

      Retail Property in Andrews, Texas

      Retail property with potential for single or dual rental income.
      312 SW 1St St, Andrews, TX 79714
      View Details

    FAQs

    What type of property is this?
    Investment property - High-traffic location, 5,694 sq ft building
    Where is this investment property located?
    The property is located at 1240 Us Highway 385 Andrews, TX.
    What is the asking price?
    The asking price for this property is $400,000.
    (855) 450-0442
    Request Owner's contact information
    1240 Us Highway 385 Andrews, TX 79714
    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.
    1240 Us Highway 385
    Andrews, TX 79714
    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
    1240 Us Highway 385 Andrews, TX 79714
    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
    Premiere Group Team
    (855) 450-0442
    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!