225 9th St, Slaton, TX 79364-4107
This unique Slaton, Texas mixed-use property, located at 225 S 9th St (legal address), offers a compelling investment opportunity. Priced at $120,000, this 1,500-2,400 square foot building sits on a 7,000 square foot lot and boasts a fascinating history as a former hat factory and rental space. The interior features a former one-bedroom layout, a half bath with a separate shower, a kitchen, dining room, and living room, making it ideal for live-work arrangements. An additional 900 square feet of workshop/storage space adds significant versatility. The property's unique character and ample space make it perfect for a craftsperson or entrepreneur seeking a blend of living and working space. Note that the address may also appear as 227 S 9th St on the building itself. A virtual tour is available online. This property is being sold separately from an adjacent larger property at 215 S 9th St, Slaton, TX 79364, which is also available for purchase. The adjacent property offers 9,439 square feet of above-grade space, including a 700 square foot attached garage with a 400 square foot storage loft. This adjacent property is listed separately at $285,000 and offers a variety of potential uses, including event venue, art studio, gallery, office, retail, restaurant, antique store, or live/work space. A virtual tour is also available for this adjacent property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
26 · Slaton, TXSlaton. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.