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

    10350 Us Highway 60 Canyon, TX 79015

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2.14 Acres, Hwy 60 Frontage, Ready to Build

    Property Features for 10350 Us Highway 60

    General Information

    Property type
    Land
    Lot Size
    93,218 SF

    We can help!

    Listing Contact
    Miles Bonifield
    Miles Bonifield

    Listing Agency: Gaut Whittenburg Emerson Commercial Real Estate, LLC Listing Agent: Miles Bonifield

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 2.14-acre industrial land parcel presents a compelling investment opportunity in Canyon, Texas. Strategically located at 10350 HWY 60, this property boasts 300 feet of frontage along the highway and a depth of 300 feet. The land is completely level, presenting a flat and readily developable site, ideal for immediate construction. Its zoning designation is OCL (Outside City Limits), offering flexibility for various industrial uses. The property's prime location offers significant advantages. It is situated just two miles west of Interstate 87, providing convenient access to major transportation routes, and only one mile east of Perry Williams' new development, indicating a growing and dynamic area. This location is particularly well-suited for warehouse development, given its proximity to the highway and existing infrastructure. The asking price for this exceptional property is $298,500. This represents a rare chance to acquire a sizable, level industrial lot in a rapidly developing area of Randall County, Texas, with a 79015 zip code. The property's dimensions and location make it an attractive prospect for businesses seeking a strategic foothold in this thriving region.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Auto Repair Shop Big Box & Wholesale Store Storage Facility Arcade & Gaming Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Canyon
    County
    Randall
    State
    Texas
    Longitude
    -102.0748063
    Latitude
    34.9654661

    Nearby Similar for Sale

    • $425,000
      2,767 SF

      Canyon, TX Commercial Property

      Commercial property near downtown square, suitable for office or retail.
      1610 5Th Ave, Canyon, TX 79015
      View Details
    • New
      $349,900
      3,214 SF

      Canyon, TX Duplex Opportunity

      Three-bedroom, two-bath duplex with strong rental potential in Canyon, TX.
      29 Southridge Dr, Canyon, TX 79015
      View Details
    • $640,000
      80.00 Acres

      80 Acres Near Canyon, TX

      80-acre property suitable for horses and livestock near Canyon.
      80 Acres, Canyon, TX 79015
      View Details
    • $325,000
      10.18 Acres

      Equestrian Property Near Canyon, TX

      10-acre property equipped for livestock and ready for your dream home.
      26351 Rosie Ln, Canyon, TX 79015
      View Details
    • $7,490,000
      20,488 SF

      New Multifamily Investment Opportunity

      Newly built 18-unit multifamily property near WTAMU and Hunsley Hills.
      2 S Hunsley Hills Blvd, Canyon, TX 79015
      View Details
    • $150,000
      1,800 SF

      Commercial Shop Near Highway 60

      1,800 SF commercial shop with fenced yard near Highway 60.
      903 1St Ave, Canyon, TX 79015
      View Details
    • $7,440,000
      340.00 Acres

      Hunter's Canyon Estate For Sale

      Magnificent 340-acre estate with lodge, horse facilities, and guest housing.
      21401 Hope Rd, Canyon, TX 79015
      View Details
    • $169,900
      2,612 SF

      Canyon, TX Multi-Family Investment

      Triplex and single-family home near schools and university.
      805 8Th Ave, Canyon, TX 79015
      View Details
    • Contact for pricing
      10,432 SF

      Retail Property with Diverse Tenants

      NNN leases and scheduled rental increases for investors.
      1512 5Th Ave, Canyon, TX 79015
      View Details
    • $780,000

      Canyon Commercial Land Opportunity

      86+ Acres, Prime Development Land
      208 Prairie Pt, Canyon, TX 79015
      View Details
    • $501,811

      Canyon Commercial Land - High Traffic

      Prime Canyon location, high visibility, 0.96 acres.
      .96 Ac Uh 60, Canyon, TX 79015
      View Details
    • $963,547

      Canyon Commercial Land - 6.32 Acres

      Prime Retail Land, Canyon, TX. Seller Will Divide.
      Pd Crk Business Park, Canyon, TX 79015
      View Details

    FAQs

    What type of property is this?
    Land - 2.14 Acres, Hwy 60 Frontage, Ready to Build
    Where is this land located?
    The property is located at 10350 Us Highway 60 Canyon, TX.
    What is the asking price?
    The asking price for this property is $298,500.
    What are key features of this property?
    This property features: 2.14-acre industrial land parcel in Canyon, TX.; Located at 10350 Hwy 60 with 300' of highway frontage.; Level, readily developable site, ideal for immediate construction.
    (806) 373-3111 Call to check price and availability
    Request Owner's contact information
    10350 Us Highway 60 Canyon, TX 79015
    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.
    10350 Us Highway 60
    Canyon, TX 79015
    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
    10350 Us Highway 60 Canyon, TX 79015
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Miles Bonifield
    Miles Bonifield
    Real Estate License ID: 0594133
    (806) 373-3111 (806) 584-7365
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!