Property profile

3101 Olton Rd Plainview, TX 79072

FOR SALE
Commercial real estate
Property ID
US83-0266219
1,984 SF 0.53 ac lot Built 2021
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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For Sale
Contact for pricing 1,984 SF
3101 Olton Rd, Plainview, TX 79072
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Property summary

AI-generated overview

This exceptional 1,953 square foot free-standing commercial building presents a unique opportunity for restaurant or retail businesses seeking a prime location in Plainview, Texas. Situated on a 0.571-acre lot at 3101 Olton Rd, 79072, this single-tenant property boasts a highly visible street presence and convenient access to Interstate 27. The building features a double drive-thru, enhancing operational efficiency and customer convenience. Ample parking is provided with 28 spaces available for patrons. The property offers three points of ingress and egress, ensuring smooth traffic flow. The entire 1,953 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. Its location within Plainview's primary retail corridor guarantees high visibility and foot traffic. The inclusion of a free-standing pole sign further enhances the property's marketing potential. This property is available for purchase or lease, making it an attractive investment opportunity in a thriving Texas market. Hale County location provides access to a strong local customer base. The property's strategic location and features make it an ideal choice for businesses seeking to establish a strong presence in the Plainview area.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2021
Total area 1,984 SF
Lot 0.53 ac (23,087 SF)
APN 11210
UPID US83-0266219

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant
  • Loan Service Bank

Location

3101 Olton Rd Plainview, TX 79072
Plainview metro Census 950300 PLAINVIEW, TX MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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