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    12150 Us-70 Vernon, TX 76384

    For Sale
    $550,000

    11-Acre Industrial Property, Owner Financing Available

    Property size:
    25,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This 11-acre industrial property in Vernon, Texas, offers 25,000 square feet of warehouse and distribution space across three buildings. Priced at $550,000 ($22/sq ft), this vacant property presents a unique owner-user opportunity. Built in 1955 (estimate), the buildings feature various ceiling heights, three loading docks, and three-phase, 600-amp electrical power in Buildings A & B. Building A boasts approximately 800 square feet of office space and restrooms. The property includes a 18,120 sq ft building (Building A) with heavy-gauge metal siding and roofing, a 600 sq ft building (Building C) with concrete exterior walls and metal roofing, and a 7,350 sq ft Quonset hut-style building. All buildings are solidly constructed with heavy-duty concrete foundations. Located on US Highway 70, this property is conveniently situated near new wind and solar farms and a planned $4 billion green hydrogen production facility. The absence of zoning and certificate of occupancy requirements offers flexibility for various uses, including manufacturing, distribution, wholesaling, secure storage, or even an RV park. The property consists of two adjoining tracts (6.21 and 4.84 acres), which may be sold separately. This distressed sale offers owner financing. The property is privately held and has a vacant occupancy date of October 1, 2024.

    Property Features for 12150 Us-70

    General Information

    Property type
    Distribution properties
    Square Feet
    25,000 SF
    Class
    D
    Lot Size
    479,160 SF

    Building Details

    Year Built
    1955
    Buildings
    3
    Stories
    1
    Units
    3

    HighLights

    • 11‑acre industrial property in Vernon, TX, with 25,000 SF of warehouse/distribution space across three buildings.
    • $550,000 asking price ($22/SF); owner financing available.
    • Vacant possession October 1, 2024; owner‑user opportunity.
    • Three buildings totaling 25,000 SF, including 18,120 SF main building with office space.
    • US Highway 70 frontage; located near new and planned renewable energy facilities.
    • No zoning or Certificate of Occupancy required; flexible use potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Vernon
    County
    Wilbarger
    State
    Texas
    Longitude
    -99.369438
    Latitude
    34.084941

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    FAQs

    What type of property is this?
    Distribution property - 11-Acre Industrial Property, Owner Financing Available
    Where is this distribution property located?
    The property is located at 12150 Us-70 Vernon, TX.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 11-acre industrial property in Vernon, TX, with 25,000 SF of warehouse/distribution space across three buildings.; $550,000 asking price ($22/SF); owner financing available.; Vacant possession October 1, 2024; owner-user opportunity.
    Request Owner's contact information
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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
    12150 Us-70 Vernon, TX 76384
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