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    202 Shurbet St Lockney, TX 79241

    For Sale
    $2,037,368

    Texas Industrial Property - Vacant, 9.7 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional industrial property, the Lockney Grain Facility, presents a significant investment opportunity in Lockney, Texas. Located at 202 E Shurbet St, 79241, this vacant facility sits on a substantial 9.7-acre lot conveniently situated just off Highway 70, offering excellent accessibility. The property boasts a versatile design, encompassing both flex and warehouse space, ideal for a variety of uses. The facility features a robust infrastructure including concrete, flat, and steel grain storage options, catering to diverse storage needs. Operational efficiency is enhanced by the inclusion of a large office space, a crucial asset for administrative functions. Furthermore, the property includes a substantial 60-foot truck scale, streamlining the weighing and logistical processes. Three elevator legs are also present, adding to the facility's operational capabilities and potential for high throughput. The asking price for this turnkey industrial property is $2,037,368. This represents a compelling opportunity to acquire a well-equipped and strategically located industrial asset in a growing Texas market. The property's size, features, and location combine to offer significant potential for future growth and profitability. This is a rare chance to secure a substantial industrial property in a desirable location.

    Property Features for 202 Shurbet St

    General Information

    Property type
    Distribution properties
    Lot Size
    422,532 SF

    HighLights

    • Vacant 9.7‑acre industrial property in Lockney, TX (79241), located off Highway 70.
    • Features flex and warehouse space, concrete, flat, and steel grain storage.
    • Includes large office space, 60‑foot truck scale, and three elevator legs.
    • Asking price: $2,037,368.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Attebury Grain LLC Grain Elevator

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Hair Salon Clothing Store Auto Repair Shop Pharmacy Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Lockney
    County
    Floyd
    State
    Texas
    Longitude
    -101.4402586
    Latitude
    34.1170637

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    Nearby Similar for Sale

    • $2,037,368

      Lockney Grain Facility, Lockney, TX 79241

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    FAQs

    What type of property is this?
    Distribution property - Texas Industrial Property - Vacant, 9.7 Acres
    Where is this distribution property located?
    The property is located at 202 Shurbet St Lockney, TX.
    What is the asking price?
    The asking price for this property is $2,037,368.
    What are key features of this property?
    This property features: Vacant 9.7-acre industrial property in Lockney, TX (79241), located off Highway 70.; Features flex and warehouse space, concrete, flat, and steel grain storage.; Includes large office space, 60-foot truck scale, and three elevator legs.
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    Lockney, TX 79241
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    Realmo Value Estimation

    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.

    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.

    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
    202 Shurbet St Lockney, TX 79241
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