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    1512 5Th Ave Canyon, TX 79015

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    For Sale
    $2,609,000

    NNN leases and scheduled rental increases for investors.

    Property size:
    10,432 SF
    Lot size:
    0.39 Acres

    Property Features for 1512 5Th Ave

    General Information

    Size
    10,432 SF
    Lot size
    0.39 Acres

    Source: SRS Real Estate Partners - Corporate Agent Tyler Isbell

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

    Overview

    Retail Property with Diverse Tenants

    This retail property features a diverse tenant line-up, promoting crossover exposure to the site. All tenants operate under leases which are NNN in nature, limiting expense leakage for a future investor. The leases include scheduled rental increases during the initial terms and option periods. The property has a size of 10432 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    West Texas Sports ... Restaurant Platinum Cuts Barbershop ... Barber Shop Mickey's Place Restaurant Phone Medic of Canyon ... Computer Repair Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Canyon
    County
    Randall
    State
    Texas
    Longitude
    -101.928269
    Latitude
    34.9785149

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    FAQs

    What type of property is this?
    Strip mall - NNN leases and scheduled rental increases for investors.
    Where is this strip mall located?
    The property is located at 1512 5Th Ave Canyon, TX.
    What is the asking price?
    The asking price for this property is $2,609,000.
    What are key features of this property?
    This property features: - Diverse tenant line-up promoting crossover exposure.; - NNN leases limiting expense leakage.; - Scheduled rental increases during initial terms.
    (214) 560-3145
    Request Owner's contact information
    1512 5Th Ave Canyon, TX 79015
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    Canyon, TX 79015
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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
    1512 5Th Ave Canyon, TX 79015
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