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    1140 Kermit Dr Plainview, TX

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    For Sale
    $1,650,000

    Restaurant building in high-traffic location near retail and businesses.

    Property size:
    3,760 SF
    Lot size:
    1.07 Acres

    Property Features for 1140 Kermit Dr

    General Information

    Size
    3,760 SF
    Lot size
    1.07 Acres

    Source: Billington Real Estate Agent Keith Billington

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

    Overview

    Restaurant Building on High-Traffic Kermit

    This approximately 3,760-square-foot building, constructed about three years ago, was originally designed for a restaurant. The brick building is located on Kermit Drive, a high-traffic area with seven-day-a-week activity. The surrounding area includes restaurants, a Walmart Supercenter, banks, hotels, churches, apartment buildings, and other shopping areas. Interstate 27 is located to the east, and Hwy. 70 is to the south. The building features landscaping and a covered drive-up window. The interior is clean and updated. The property is suitable for restaurants, retail properties, and drive-through restaurants.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Similar Places Nearby

    Plainview Bartending and Event Staffing

    Map

    City
    Plainview
    County
    Hale
    State
    Texas
    Longitude
    -101.7068417
    Latitude
    34.1847936

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    FAQs

    What type of property is this?
    Restaurant - Restaurant building in high-traffic location near retail and businesses.
    Where is this restaurant located?
    The property is located at 1140 Kermit Dr Plainview, TX.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: - Price Reduced: Now $1.65M (was $1.75M); - High-traffic location on Kermit Drive, open seven days a week; - Relatively new construction (approximately three years old)
    (806) 292-5240
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    1140 Kermit Dr Plainview, TX
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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
    1140 Kermit Dr Plainview, TX
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