Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3600 Olton Rd Plainview, TX 79072

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,600,000

    Retail property available for sale in Plainview, Texas.

    Property size:
    2,370 SF
    Lot size:
    4.40 Acres

    Property Features for 3600 Olton Rd

    General Information

    Size
    2,370 SF
    Lot size
    4.40 Acres

    We can help!

    Listing Contact
    Michael Gresback
    Source: Moodyscre

    Listing Agent: Michael Gresback

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

    Learn more

    Overview

    Retail Property in Plainview, Texas

    A retail property with 2,370 square feet of space is available for sale. The property is located on Olton Rd in Plainview, Texas.
    Location Intelligence

    Current Use by Public Records

    Lemons Funeral Funeral Home FedEx Drop Box Shipping Service Starbucks Coffee Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Plainview
    County
    Hale
    State
    Texas
    Longitude
    -101.747297
    Latitude
    34.187722

    Nearby Similar for Sale

    • $379,000

      Plainview, Texas Triplex Opportunity

      Two triplexes in Plainview's Westridge addition, tenant occupied.
      4307-4311 W 2Nd St, Plainview, TX 79072
      View Details
    • $329,900
      3,504 SF

      Plainview, TX Four-Unit Multifamily Property

      Turnkey four-unit property in Plainview, TX with attractive seller financing.
      101 Pecos Pl, Plainview, TX 79072
      View Details
    • $152,500
      1,583 SF

      Plainview Commercial Building Near Hospital

      Commercial building suitable for medical or general office use.
      2620 Yonkers St, Plainview, TX 79072
      View Details
    • $329,900
      3,504 SF

      Plainview, TX Four-Unit Multifamily Property

      Turnkey four-unit property in Plainview, TX with attractive seller financing.
      103 Pecos Pl, Plainview, TX 79072
      View Details
    • $89,500
      9,340 SF

      Plainview Commercial Building For Sale

      Versatile commercial building in Plainview, TX, suitable for various uses.
      2813 W 8Th St, Plainview, TX 79072
      View Details
    • $165,500
      17,100 SF

      Plainview Commercial Property with Barns

      Commercial property featuring two barns, efficiency, office, and game room.
      710 E 6Th St, Plainview, TX 79072
      View Details
    • $329,900
      3,504 SF

      Plainview, TX Four-Unit Multifamily Property

      Turnkey four-unit property in Plainview, TX with attractive seller financing.
      105 Pecos Pl, Plainview, TX 79072
      View Details
    • $550,000
      12,000 SF

      Versatile Commercial Building in Plainview

      6,000 SF commercial building with open floor plan.
      509 Broadway St, Plainview, TX 79072
      View Details
    • $150,000
      13,500 SF

      Plainview Commercial Building For Sale

      Commercial building in downtown Plainview, ready for customization.
      505 Broadway St, Plainview, TX 79072
      View Details
    • $545,000
      6,565 SF

      Plainview Apartment Building: 10 Units

      Ten-unit apartment building with high occupancy in Plainview, Texas.
      1205-1207 Raleigh St, Plainview, TX 79072
      View Details
    • $295,000
      3,757 SF

      Plainview Commercial Property For Sale

      Radio station building and land with development potential in Plainview.
      3218 Quincy St, Plainview, TX 79072
      View Details
    • $1,260,000
      2,700 SF

      Mobile Home Park Investment Opportunity

      56-space mobile home park with upside potential in Plainview, TX.
      3301 Quincy Ave, Plainview, TX 79072
      View Details

    FAQs

    What type of property is this?
    Retail property - Retail property available for sale in Plainview, Texas.
    Where is this retail property located?
    The property is located at 3600 Olton Rd Plainview, TX.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: - Retail property available for sale.; - Located in Plainview, Texas.
    (214) 808-2893
    Request Owner's contact information
    3600 Olton Rd Plainview, TX 79072
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3600 Olton Rd
    Plainview, TX 79072
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3600 Olton Rd Plainview, TX 79072
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael Gresback
    (214) 808-2893
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.