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    1214 Tx-124 Winnie, TX 77665

    For Sale
    $1,300,000

    Winnie, TX Multi-Tenant Retail Complex

    Property size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a fully occupied, multi-tenant commercial property ideally situated on Highway 124 in Winnie, Texas. Encompassing two buildings totaling 3,000-4,000 square feet on a 2-4 acre lot, this property boasts a diverse tenant mix including a restaurant, laundromat, church, and smoke shop. The property features 20-25 parking spaces and underwent extensive renovations in 2023, including new HVAC systems, updated appliances, and a new well and propane system. A significant advantage is a newly executed 20-year billboard contract generating $5,000 monthly income. The property currently has three tenants with a combined monthly net operating income (NOI) of $9,200, with lease terms of one year and two years remaining. The current leases offer potential for increased rental income based on market comparables. Additionally, a prepared pad with complete electrical and plumbing is available for future development adjacent to the existing smoke shop. This turnkey operation offers a strong return on investment with significant upside potential for future growth and development. The property is offered for sale at $1,300,000 and is a credit-rated, owner-user investment opportunity. The property consists of four units across two single-story buildings.

    Property Features for 1214 Tx-124

    General Information

    Property type
    Lifestyle centers
    Square Feet
    3,000 SF
    Lot Size
    87,120 SF

    Building Details

    Year Renovated
    2023
    Buildings
    2
    Stories
    1
    Units
    4

    HighLights

    • Fully occupied, multi‑tenant commercial property in Winnie, TX on Highway 124.
    • Two buildings totaling approximately 3,000‑4,000 square feet on a 2‑4 acre lot with 20‑25 parking spaces.
    • Diverse tenant mix including restaurant, laundromat, church, and smoke shop.
    • $9,200 monthly net operating income (NOI) from three tenants, including $5,000 from a new 20‑year billboard contract.
    • Extensive 2023 renovations including new HVAC, appliances, well, and propane system.
    • Prepared pad with utilities available for future development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Winnie
    County
    Chambers
    State
    Texas
    Longitude
    -94.3844802
    Latitude
    29.8137969

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    FAQs

    What type of property is this?
    Lifestyle center - Winnie, TX Multi-Tenant Retail Complex
    Where is this lifestyle center located?
    The property is located at 1214 Tx-124 Winnie, TX.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Fully occupied, multi-tenant commercial property in Winnie, TX on Highway 124.; Two buildings totaling approximately 3,000-4,000 square feet on a 2-4 acre lot with 20-25 parking spaces.; Diverse tenant mix including restaurant, laundromat, church, and smoke shop.
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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
    1214 Tx-124 Winnie, TX 77665
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