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    Old Lamesa Rd Brownfield, TX 79316

    For Sale
    $98,000

    Prime Retail Land, High Traffic, Owner Financing Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 5-acre commercial land parcel presents a remarkable investment opportunity in Brownfield, Texas. Ideally situated southeast of the city center, this property boasts an impressive 560 feet of frontage along Old Lamesa Highway (which transitions to CR 505), a major thoroughfare experiencing over 16,000 vehicles daily. Its strategic location offers unparalleled visibility and accessibility for any retail venture. The property is zoned for retail use, providing flexibility for a wide range of commercial developments. Surrounded on three sides by residential areas, this site benefits from a built-in customer base. A city park is conveniently located to the north, adding to the appeal and desirability of the location. The asking price is $98,000, and the property is offered for sale by owner. This is a rare chance to acquire a high-traffic, retail-zoned land parcel in a growing Texas community. Serious inquiries are encouraged. The property is owned by Rosedale International.

    Property Features for 0 Old Lamesa Rd

    General Information

    Property type
    Land
    Lot Size
    217,800 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Brownfield
    County
    Terry
    State
    Texas
    Longitude
    -102.26248802708
    Latitude
    33.168394601426

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    FAQs

    What type of property is this?
    Land - Prime Retail Land, High Traffic, Owner Financing Available
    Where is this land located?
    The property is located at Old Lamesa Rd Brownfield, TX.
    What is the asking price?
    The asking price for this property is $98,000.
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    Old Lamesa Rd Brownfield, TX 79316
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    Brownfield, TX 79316
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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
    Old Lamesa Rd Brownfield, TX 79316
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