Building Details

Year Built 1969

Listing Agency: Fathom Realty, LLC

Listed By: Kelsey Garcia Show Phone

Source: Shopamarillohomes

Added: Jul 7 Changed: Aug 21 Last Checked: Aug 24 at 3:36AM

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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 Fathom Realty, LLC

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Investment Insights

Based on property information with market context.

This property offers a sizable 106x50 shop along with a redesigned home on 3.6 acres. The shop includes dedicated offices, a kitchen, a bathroom, workspace, and carport parking. The home features four bedrooms, three bathrooms, and a large basement that may serve as a second living area or a 4th bedroom, with the basement not included in the stated square footage.

Additional exterior improvements include a newer roof installed in 2022 and a well installed in 2023. Interior updates include new flooring and paint, along with a custom kitchen featuring granite countertops, high-end appliances, and custom bathrooms. Outdoor living is supported by a spacious back patio with a large gable, an outdoor kitchen, and a tall privacy fence, plus a front pergola.

The basement area is noted as not included in the square footage. An option is also available to purchase the house with 1 acre only.

Key Highlights

• 3.6‑acre property with a 106x50 shop featuring offices, kitchen, bathroom, workspace, and carport parking
• Home offers 4 bedrooms and 3 bathrooms with a large basement that can be used as a second living area or 4th bedroom (not included in square footage)
• Custom kitchen with granite countertops and high‑end appliances

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,981

Cap Rate

2.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$379,620 $379.6K

Cap Rate 7%

$271,157 $271.2K

Cap Rate 9%

$210,900 $210.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,645 SF

Gross rent

$31.7K $12.00/SF

− Vacancy

−$2.5K −$0.96/SF

EGI

$29.2K $11.04/SF

− OpEx

−$10.2K −$3.86/SF

NOI

$19.0K $7.18/SF

Area

Carson County, TX

Vacancy

8.00%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$379,620

Cap Rate 7%

$271,157

Cap Rate 9%

$210,900

Alternative Uses

Best Use

Flex RnD

$271.2K

$237.3K – $316.4K (±1% cap)

NOI $18,981 @ 7.0% cap · market cap 2.88%

Second Best

Industrial

$227.3K

$198.9K – $265.2K (±1% cap)

NOI $15,914 @ 7.0% cap · market cap 2.41%

Theoretical Best

Office A

$590.5K

$516.7K – $689.0K (±1% cap)

NOI $41,338 @ 7.0% cap · market cap 6.26%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 79039, TX

772

Population

370

Households

2.1

Avg Household Size

43

Median Age

18%

College-Educated

91%

High-School Grad

227.5 sq mi

ZIP Area

3

Density / Sq Mi

$83,068

Median Household Income

$55,568

Median Earnings

$875

Median Rent

$119,000

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - A large 106x50 shop with offices, kitchen, bathroom, workspace, and carport parking on 3.6 acres for sale.

Where is this flex space located?

The property is located at 199 County Road Bb Groom, TX.

What is the asking price?

The asking price for this property is $660,000.

What are key features of this property?

This property features: 3.6‑acre property with a 106x50 shop featuring offices, kitchen, bathroom, workspace, and carport parking; Home offers 4 bedrooms and 3 bathrooms with a large basement that can be used as a second living area or 4th bedroom (not included in square footage); Custom kitchen with granite countertops and high‑end appliances