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    723 7Th Ave Spearman, TX 79081

    For Sale
    $750,000

    High-yield retail investment. Strong tenant.

    Property size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a 15,000-square-foot Dollar General storefront located at 723 W 7th Ave, Spearman, Texas, 79081. Situated on a 0.86-acre lot, this property boasts a strong 5.01% cap rate, generating a net operating income (NOI) of $37,593. The building was constructed in 1999 and benefits from its location adjacent to First National Bank, ensuring high visibility and foot traffic. Currently leased to Dollar General, the lease expires on April 30, 2024. This property is part of a larger Dollar General portfolio; detailed portfolio information is available upon request and execution of a non-disclosure agreement. Financial details are available to qualified buyers after signing a confidentiality agreement. The asking price for this prime retail investment is $750,000. This is a single-tenant property offering a stable income stream and significant potential for future appreciation. Don't miss this chance to acquire a well-established retail asset in a thriving Texas community.

    Property Features for 723 7Th Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    15,000 SF
    Lot Size
    37,462 SF

    Building Details

    Year Built
    1999

    HighLights

    • $750,000 asking price for a 15,000 square foot Dollar General storefront.
    • 5.01% cap rate with a $37,593 net operating income (NOI).
    • Located at 723 W 7th Ave, Spearman, TX 79081, on a 0.86‑acre lot.
    • Built in 1999, with a single tenant (Dollar General).
    • Lease expires 4/30/24; part of a larger Dollar General portfolio (details available upon request).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store Western Union Money Transfer Service FedEx OnSite Mailing Service Redbox Movie Rental Kiosk

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Spearman
    County
    Hansford
    State
    Texas
    Longitude
    -101.2028867
    Latitude
    36.1904129

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    FAQs

    What type of property is this?
    Individual retail property - High-yield retail investment. Strong tenant.
    Where is this individual retail property located?
    The property is located at 723 7Th Ave Spearman, TX.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: $750,000 asking price for a 15,000 square foot Dollar General storefront.; 5.01% cap rate with a $37,593 net operating income (NOI).; Located at 723 W 7th Ave, Spearman, TX 79081, on a 0.86-acre lot.
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    Spearman, TX 79081
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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
    723 7Th Ave Spearman, TX 79081
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