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    1101 I-27 Plainview, TX 79072

    For Lease
    $15 SF/Yr ($15,000 /Mo)

    High-visibility Plainview retail space.

    Lot size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This 1,460 square-foot retail space is located within the 12,000 square-foot Stonegate Plaza, a single-story strip center built in 2002. Situated at 1101 I-27, Space #1127 in Plainview, Texas (zip code 79072), this property boasts exceptional visibility due to its I-27 frontage. Ample parking is available for customers and employees. The space benefits from a large pylon sign, enhancing its marketing potential. Currently vacant, the space is available for lease starting November 1, 2024, with the possibility of earlier occupancy. Located between GoodFellas restaurant and T-Mobile, this mostly open space features two restrooms. Previously used as a sandwich shop and later for retail and office purposes, the space currently lacks a grease trap. The front area can be expanded by removing a partial-height wall. The property is zoned GC - General Commercial. This prime location offers a strong opportunity for a variety of retail businesses.

    Property Features for 1101 I-27

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,000 SF
    Total Rate
    15000

    Building Details

    Year Built
    2002
    Stories
    1

    Unit(s) available at that property

    Space
    Space #1127
    Size
    1,460 SF
    Rate per SF
    $15

    HighLights

    • High‑profile retail space in Stonegate Plaza.
    • I‑27 frontage with excellent visibility.
    • Ample parking available.
    • Prominent large pylon sign.
    • NNN expenses approximately $3.75/SF (subject to adjustment).
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Plainview
    County
    Hale
    State
    Texas
    Longitude
    -101.7512666
    Latitude
    34.1882871

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    FAQs

    What type of property is this?
    Neighborhood center - High-visibility Plainview retail space.
    Where is this neighborhood center located?
    The property is located at 1101 I-27 Plainview, TX.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: High-profile retail space in Stonegate Plaza.; I-27 frontage with excellent visibility.; Ample parking available.
    Request Owner's contact information
    1101 I-27 Plainview, TX 79072
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    Plainview, TX 79072
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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.

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    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
    1101 I-27 Plainview, TX 79072
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