Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    119 W Kingsmill Ave Pampa, TX 79065

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two-story storefront with built-out main floor and ample space.

    Type:Retail
    Property size:
    11,150 SF
    Price / SF:
    $56/SF
    Added:
    May 10, 2024
    Days on Market:
    716
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 119 W Kingsmill Ave

    General Information

    Standard status
    Active
    Size
    11,150 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Linda Laycock

    Listing agent Linda Laycock License #TX

    Listing office Panhandle Plains Realty

    Listing date May 10, 2024

    Source Crexi

    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 Panhandle Plains Realty

    Overview

    Meticulously Maintained Two-Story Storefront

    This meticulously maintained two-story storefront, constructed in 1930/1951, offers a total livable area of 7650 square feet. The property features a fully built-out main floor, ready to accommodate various business operations. The main floor is thoughtfully designed to maximize usability and customer flow, making it suitable for retail, gallery, or cafe ventures. Large display windows flood the space with natural light, creating an inviting atmosphere. The upper level provides an additional 3500 square feet of space that can be utilized for offices, storage, or a creative studio, enhancing the property's versatility. The property size is 11150 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Finley's (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Similar Places Nearby

    • B&G Floral and Events — 103 S Hobart St, Pampa, TX 79065

    Location Insight

    • Map
    • Local Demand
    City
    Pampa
    County
    Gray
    State
    Texas
    Longitude
    -100.961858
    Latitude
    35.536931

    Nearby Similar for Sale

    • $150,000
      6,043 SF

      Highway Frontage Commercial Building

      Spacious building with highway frontage and storage area.
      208 E Brown Street, Pampa, TX 79065
      View Details
    • $225,000
      2,880 SF

      Pampa, TX Mechanic Shop

      Fully equipped mechanic shop with prime highway frontage.
      720 W Brown Street, Pampa, TX 79065
      View Details
    • $250,000
      9,750 SF

      Pampa Commercial Property with Warehouse

      Versatile commercial space with retail frontage and warehouse.
      315 S Cuyler St, Pampa, TX 79065
      View Details
    • $250,000
      9,750 SF

      Pampa Commercial Opportunity

      Expansive commercial property with retail frontage and warehouse space.
      315 S CUYLER Street, Pampa, TX 79065-7313
      View Details
    • $255,000
      1,780 SF

      Pampa Commercial Space For Sale

      Commercial space with offices, reception area, and expansion potential.
      111 E 28TH Avenue, Pampa, TX 79065-3016
      View Details
    • $225,000

      Versatile Warehouse and Office Space

      Warehouse with office space, ideal for industrial applications.
      1724 McCullough Street, Pampa, TX 79065
      View Details
    • $255,000
      1,780 SF

      Functional Commercial Space in Pampa

      1,780 sq ft commercial space with offices and amenities.
      111 E 28th Ave, Pampa, TX 79065
      View Details
    • $299,000
      4,000 SF

      Pampa, TX Commercial Opportunity

      Commercial property on 7.25 acres with shop and hookups.
      1445 S Barnes St, Pampa, TX 79065
      View Details
    • $150,000
      2,800 SF

      Highway 60 Commercial Opportunity

      Versatile commercial property on Highway 60 in Pampa, Texas.
      600 E FREDERIC Avenue, Pampa, TX 79065-7525
      View Details
    • $175,000
      12,660 SF

      Commercial Property in Pampa, Texas

      Commercial property with mobile home and Morgan building for sale.
      329 & 325 N HOBART Street, Pampa, TX 79065-6142
      View Details
    • $150,000
      5,207 SF

      Highway Frontage Business Opportunity

      Spacious building with display cases, vault, and shop area.
      208 E Brown St, Pampa, TX 79065
      View Details
    • $250,000
      3,500 SF

      Income-Producing Commercial Building in Pampa

      Versatile commercial building with two leased suites, ideal for investors.
      118 E Browning Ave, Pampa, TX 79065
      View Details

    FAQs

    What type of property is this?
    Storefront property - Two-story storefront with built-out main floor and ample space.
    Where is this storefront property located?
    The property is located at 119 W Kingsmill Ave Pampa, TX.
    What is the asking price?
    The asking price for this property is $625,005.
    What are key features of this property?
    This property features: Fully built‑out main floor (ready for business); Boasting 7650 sq ft of total livable area; Versatile upper level (3500 sq ft) for offices, storage, or studio
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Linda Laycock
    Real Estate License ID: TX
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!