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    Retail Property with Attached Living Quarters Title is generated by Realmo AI

    4308 Olton Road, Plainview, TX 79072

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    Claim this Listing
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    For Sale
    $637,000

    COMMERCIAL - Plainview, TX

    Added:
    Jun 6, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 6 at 7:06 pm

    Property Features for 4308 Olton Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    Sage 7 Enterprise

    Taxes and HOA fees

    Tax Description
    DUNCAN PLV UNIT 2 LOT 21 & E15'-22

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1998
    Flooring type
    Tile, Carpet
    Building materials
    Block
    Roof type
    Metal

    We can help!

    Listing Contact
    Apryll Van Pelt

    Listing agent Apryll Van Pelt

    Listing office Van Pelt Real Estate 4108 SW 45th, Perryron, TX

    Listing date Jun 6, 2026

    MLS# 26-4624

    Copyright © 2026 Amarillo Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Built in 1998 with block construction and a metal roof
    • Currently operating as a retail space with attached living quarters
    • Interior includes an open retail area, workshop space, multiple restrooms, kitchen, office, and living area
    • Includes 2‑bedroom spaces plus abundant storage throughout
    • Oversized garage with covered rear overhang
    • Central air, lighted sign, highway frontage, and ample parking

    Overview

    This live-work property is currently operating as retail with attached living quarters. The interior features a spacious open retail area, workshop space, multiple restrooms, a kitchen, an office, and a living area, along with two-bedroom spaces and abundant storage throughout. At the rear, there is an oversized garage plus a covered rear overhang designed to support additional day-to-day operations or overflow needs.

    Located at 4308 Olton Road in Plainview, the property is described as being just off I-27, with highway frontage and outstanding visibility. The site includes a lighted sign and ample parking intended for customers or guests.

    For buyers seeking a combined customer-facing space and on-site living arrangement, the current layout offers multiple functional rooms beyond a typical retail showroom, including workspace and restroom capacity. The attached living quarters and oversized garage also support concepts that benefit from flexible use, from retail operations with a resident component to mixed-use setups requiring storage and back-of-house space. Request a private tour to review the configuration and determine the best fit for your business or personal workflow.
    Property Profile Location Intelligence

    Current Use by Public Records

    Artisan Jewelers & Repair (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Plainview
    County
    Hale
    State
    Texas
    Longitude
    -101.755403
    Latitude
    34.189518

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    FAQs

    What type of property is this?
    Live-work space - Retail space with workshop, living quarters, oversized garage, and highway frontage with ample parking.
    Where is this live-work space located?
    The property is located at 4308 Olton Road Plainview, TX.
    What is the asking price?
    The asking price for this property is $637,000.
    What are key features of this property?
    This property features: Built in 1998 with block construction and a metal roof; Currently operating as a retail space with attached living quarters; Interior includes an open retail area, workshop space, multiple restrooms, kitchen, office, and living area
    (806) 648-4444
    We can help!
    Listing Contact
    Apryll Van Pelt
    Request Owner's contact information
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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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