Gas Station with Office and
For Sale
$159,900
305 N 9th St, Slaton, TX 79364
Heated and cooled office with a large shop featuring two overhead doors and canopy, plus underground fuel storage tanks.
Days on Market37
Property Features for 305 N 9th St
General Information
Standard status
Active
Property subtype
Commercial
Additional Details
Drive-In Doors
2
Building Details
Building Size
1,500 SF
Year Built
1995
Listing Agency:
Aycock Realty Group
(806) 778-5956
Listed By:
Brian Aycock · License #0502484
(806) 778-5956
Source:
Re1midland
Added: Jun 24
Changed: Jul 27
Last Checked: Jul 29 at 12:49PM
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 Aycock Realty Group
Investment Insights
Based on property information with market context.
This property is offered for sale in excellent condition and includes a heated and cooled office with a recently remodeled bathroom. It also features a large shop area with two overhead doors and a large canopy.
The site was previously used as a fuel station. Underground storage tanks are in place, including an 18,000-gallon gasoline tank and a 10,000-gallon diesel tank. The property is described as ready for a new owner to register and set up the point-of-sale system.
Showings are available by appointment through the listing agent.
The site was previously used as a fuel station. Underground storage tanks are in place, including an 18,000-gallon gasoline tank and a 10,000-gallon diesel tank. The property is described as ready for a new owner to register and set up the point-of-sale system.
Showings are available by appointment through the listing agent.
Key Highlights
- 1995‑built commercial property in Slaton with heated and cooled office space
- Large shop includes 2 overhead doors and a large canopy
- Bathroom recently remodeled
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.5k | $15.00 |
| − Vacancy | −$1.8k | −$1.20 |
| EGI | $20.7k | $13.80 |
| − OpEx | −$6.2k | −$4.14 |
| NOI | $14.5k | $9.66 |
1,500 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$280.1K
$245.1K – $326.8K
NOI $19,609 @ 7.0% cap · market cap 12.26%
Second Best
Specialty Retail
$242.1K
$211.9K – $282.5K
NOI $16,949 @ 7.0% cap · market cap 10.60%
Theoretical Best
Office A
$378.2K
$330.9K – $441.2K
NOI $26,471 @ 7.0% cap · market cap 16.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
Explore this area
Business Placement
Demographics for 79364, TX
7,985
Population
2,949
Households
2.7
Avg Household Size
40
Median Age
16%
College-Educated
85%
High-School Grad
210.5 sq mi
ZIP Area
38
Density / Sq Mi
$55,221
Median Household Income
$39,774
Median Earnings
$1,018
Median Rent
$89,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Gas station - Heated and cooled office with a large shop featuring two overhead doors and canopy, plus underground fuel storage tanks.
Where is this gas station located?
The property is located at 305 N 9th St Slaton, TX.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: 1995‑built commercial property in Slaton with heated and cooled office space; Large shop includes 2 overhead doors and a large canopy; Bathroom recently remodeled
