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    103 East Ave Kermit, TX 79745

    For Sale
    $425,000

    Custom-built office, 3,520 sq ft, 0.5-acre lot.

    Property size:
    3,520 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional 3,520-square-foot custom-built office building presents a unique investment opportunity in Kermit, Texas. Situated on a half-acre lot, the property boasts ample paved parking, ensuring convenient access for staff and clients. The building has served as an eye clinic for over four decades, showcasing its durability and suitability for professional use. While some minor remodeling could elevate the space to a high-end finish, the existing structure is well-maintained and ready for immediate occupancy. Its prime location offers excellent accessibility, making it an attractive option for a variety of businesses. A significant advantage is the property's location outside city limits, resulting in the absence of city taxes. However, it's important to note that city water and sewer services are connected, meaning some city ordinances may apply. Prospective buyers are strongly encouraged to verify the intended use with the city to ensure full compliance with all regulations before purchase. This property offers a blend of established infrastructure and tax advantages, making it an ideal choice for discerning investors seeking a well-located, spacious office building in a desirable area. The asking price is $425,000.

    Property Features for 103 East Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,520 SF
    Lot Size
    21,780 SF

    Building Details

    Year Built
    1980
    Property Profile Location Intelligence

    Current Use by Public Records

    Wally L Phillips Optometrist Phillips Eye Clinic Optometrist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Kermit
    County
    Winkler
    State
    Texas
    Longitude
    -103.0819
    Latitude
    31.86034

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    FAQs

    What type of property is this?
    Office Property Space - Custom-built office, 3,520 sq ft, 0.5-acre lot.
    Where is this office property space located?
    The property is located at 103 East Ave Kermit, TX.
    What is the asking price?
    The asking price for this property is $425,000.
    (432) 586-6681
    Request Owner's contact information
    103 East Ave Kermit, TX 79745
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    Kermit, TX 79745
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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
    103 East Ave Kermit, TX 79745
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