Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    1200 SW 2nd St Tulia, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    714,000 SF storage, grain elevators, and 73 acres.

    Type:INDUSTRIAL
    Property size:
    714,000 SF
    Lot size:
    111.45 Acres
    Price / SF:
    $4/SF
    Added:
    Sep 13, 2024
    Days on Market:
    596
    Last Refresh:
    Apr 5 at 10:06 pm

    Property Features for 1200 SW 2nd St

    General Information

    Standard status
    Active
    Size
    714,000 SF
    Lot size
    111.45 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Jeff Gaut
    Jeff Gaut

    Listing agent Jeff Gaut License #0695613

    Listing office Gaut Whittenburg Emerson CRE

    Listing date Sep 13, 2024

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Gaut Whittenburg Emerson CRE

    Overview

    Tulia Industrial Storage and Land

    This property features a substantial amount of industrial storage space and grain elevators, situated in the City of Tulia along the railroad. The site includes multiple rail spurs available on various properties. It offers 714,000 square feet of dry storage and warehouse space distributed across 11 different buildings, along with 73 acres of unimproved land.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Attebury Grain LLC — 1202 NW 5th St, Tulia, TX 79088
    • MILEX RV WAREHOUSES — 505 US-87, Tulia, TX 79088

    Location Insight

    • Map
    • Local Demand
    City
    Tulia
    County
    Swisher
    State
    Texas
    Longitude
    -101.775
    Latitude
    34.5362

    Nearby Similar for Sale

    • $40,000
      5,200 SF

      Spacious Office Building in Tulia

      Large commercial office space with potential in Tulia, Texas.
      200 N Austin Ave, Tulia, TX 79088
      View Details
    • $200,000
      3,144 SF

      Turnkey Restaurant Opportunity in Tulia

      Established Mexican restaurant for sale in Tulia, Texas.
      130 N Maxwell Avenue, Tulia, TX 79088
      View Details
    • $290,000

      Cash-Flowing RV Park with Expansion

      RV park with income streams and expansion potential in Tulia.
      801 N Hale Avenue, Tulia, TX 79088
      View Details
    • $50,000
      1,100 SF

      Historic Storefront in Tulia, TX

      Historic storefront on the Square in the Heart of Tulia.
      110 S Maxwell Ave, Tulia, TX 79088
      View Details
    • $299,000
      4,444 SF

      Inn at Tule Creek

      12-room inn with manager's quarters on 1.58 acres.
      912 US 87, Tulia, TX 79088
      View Details
    • $99,995
      2,238 SF

      Two Homes on One Lot

      Two houses on one lot, ideal for investors.
      210 N Floyd Avenue, Tulia, TX 79088
      View Details
    • $1,799,000
      37,990 SF

      Cash-Flowing Rental Property Package Deal

      High-demand rental property with immediate cash flow and strong ROI.
      33 Package Property, Tulia, TX 79088
      View Details
    • $45,000
      6,178 SF

      Value-Add Triplex in Tulia, TX

      Mixed-use triplex with retail space and two apartments.
      305 W Broadway Ave, Tulia, TX 79088
      View Details
    • $395,000
      38,400 SF

      Tulia Warehouse and Grain Elevator

      38,400 SF warehouse and grain elevator in Tulia, TX.
      130 Hillcrest Road, Tulia, TX
      View Details
    • $950,000
      185,000 SF

      Tulia Industrial Storage and Elevators

      185,000 SF of warehouse space and grain elevators.
      1202 Northwest 5th Street, Tulia, TX
      View Details
    • $495,000
      40,000 SF

      Tulia Industrial Storage and Elevators

      Large industrial storage and grain elevators in Tulia, Texas.
      Tulia, TX 79088, Tulia, TX
      View Details

    FAQs

    What type of property is this?
    Warehouse - 714,000 SF storage, grain elevators, and 73 acres.
    Where is this warehouse located?
    The property is located at 1200 SW 2nd St Tulia, TX.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: 714,000 sq ft of dry storage/warehouse space; Located along the railroad; Multiple rail spurs available for convenient transport
    (806) 373-3111 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeff Gaut
    Jeff Gaut
    Real Estate License ID: 0695613
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry

    1200 SW 2nd St, Tulia, TX

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!