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Property profile & analytics
OFF-MARKET
Office Spaces

103 East Ave Kermit, TX 79745

3,520 SF 0.5 ac lot Built 1980
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Office Spaces
Year built 1980
Total area 3,520 SF
Lot 0.5 ac (21,780 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Wally L Phillips Physician
  • Phillips Eye Clinic Physician
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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