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    Heated Foam-Insulated Warehouse with Yard Title is generated by Realmo AI

    290 Quail Run Lane, Wheeler, TX 79096

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    New
    For Lease
    $7,600 /Mo

    Foam-insulated warehouse with heated office, three insulated garage doors, and fenced yard for industrial trucking and storage.

    Lot size:
    8.46 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 5 at 2:33 am

    Property Features for 290 Quail Run Lane

    General Information

    Standard status
    Active
    Lot size
    8.46 Acres

    Building Details

    Year Built
    2012

    We can help!

    Listing Contact
    Chip Hill

    Listing agent Chip Hill License #0509380

    Listing office RiverCrest Realty

    Listing date Jun 3, 2026

    Source Signaturere

    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 RiverCrest Realty

    HighLights

    • 2012‑built foam‑insulated warehouse with heated office and heated entire barn
    • 8.46 acres in unincorporated Wheeler County with perimeter fenced by an 8 ft chain‑link fence
    • 3 acres of gravel parking plus remainder in bermuda grass for equipment and contractor yard use
    • Warehouse features three 16 ft x 16 ft automatic insulated garage doors and 18 ft eaves
    • 8‑inch thick concrete slab with concrete beams on 10 ft centers for truck traffic support
    • Includes an enclosed/fenced bay sized to hold a semi‑trailer and industrial racking for storage

    Overview

    This modern foam-insulated warehouse is built for industrial use and includes an entirely heated building with a small heated and cooled office. The structure is insulated with closed-cell foam and painted to reflect light from overhead lighting. Access is provided by three 16 ft x 16 ft automatic insulated garage doors, with 18 ft eaves. The slab is 8 inches thick and supported by concrete beams on 10 ft centers to handle truck traffic. Inside, there is one fenced-off bay that can hold a semi-trailer for stocking, and industrial racking is installed on one side for storage. The property includes 8.46 acres enclosed by an 8 ft chain-link fence, with approximately 3 acres of gravel parking and the remaining area in bermuda grass.

    The site is located about 200 yards from the city limits of Wheeler, TX, and is situated in unincorporated Wheeler County. The fenced perimeter, yard layout, and established parking area support equipment and vehicle staging on-site.

    The configuration is well-suited for petroleum and energy-related companies and other industrial operators that need a heated warehouse plus secure yard space. It offers truck-friendly interior support, a semi-trailer storage bay, and dedicated racking for organized inventory or materials handling, along with ample room for contractor yard use, equipment storage, logistics operations, and fleet parking.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Pharmacy Hair Salon Auto Repair Shop Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wheeler
    County
    Wheeler
    State
    Texas
    Longitude
    -100.194
    Latitude
    35.3845

    FAQs

    What type of property is this?
    Warehouse - Foam-insulated warehouse with heated office, three insulated garage doors, and fenced yard for industrial trucking and storage.
    Where is this warehouse located?
    The property is located at 290 Quail Run Lane Wheeler, TX.
    What is the lease rate?
    The lease rate is $7,600 /Mo.
    What are key features of this property?
    This property features: 2012‑built foam‑insulated warehouse with heated office and heated entire barn; 8.46 acres in unincorporated Wheeler County with perimeter fenced by an 8 ft chain‑link fence; 3 acres of gravel parking plus remainder in bermuda grass for equipment and contractor yard use
    (972) 989-8019
    We can help!
    Listing Contact
    Chip Hill
    Real Estate License ID: 0509380
    Learn More
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    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.

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