Property profile

1165 Patterson Ave Florence, TX 76527

OFF-MARKET
Commercial real estate
Property ID
US83-0431101
14,512 SF 10.05 ac lot Built 2017
Individually Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This expansive commercial property, located at 1165 N Patterson Ave in Florence, Texas, presents a unique opportunity for a variety of businesses. The substantial 14,512 square foot building combines versatile warehouse space with dedicated office areas. The office section includes a convenient kitchenette and bathroom, enhancing functionality and employee comfort. The property sits on a generous 10.05-acre lot, offering ample room for expansion, storage, or outdoor operations. A significant advantage is the presence of farmland situated behind the warehouse, potentially offering additional development possibilities or complementary land use. While a non-working well exists on the site, a water hookup is readily available at the roadside. The current owner utilizes a rainwater collection system for sinks and toilets, demonstrating a sustainable approach to water management. This property is priced at $2,133,000 and offers significant potential for a wide range of commercial ventures. Its size, location, and combination of warehouse and office space make it an attractive investment opportunity in the Florence, Texas market. The ample acreage provides flexibility for future growth and development, making this a truly exceptional commercial offering. Serious inquiries are encouraged to explore the full potential of this substantial property.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2017
Total area 14,512 SF
Lot 10.05 ac (437,778 SF)
APN R-10-W028-5000-0003A
UPID US83-0431101

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor

Location

1165 Patterson Ave Florence, TX 76527-4786
Florence metro Census 20206 AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.75M
Blend (final) Blend
$1.86M

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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