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    400 Main St Ranger, TX 76470

    For Sale
    $264,000

    18,000 SF Medical Office - $264,000

    Property size:
    18,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 18,000 square foot medical office building presents a prime redevelopment opportunity in the heart of Ranger, Texas. Located at 400 W Main St, this two-story Class C building, built in 1930, sits on a commercially zoned lot (F1 - Real Commercial) and offers significant potential for investors and developers. Currently vacant and available for $264,000 ($14.67/SF), the property boasts a well-maintained freight elevator, adding to its functionality. The building's roof is in excellent condition, minimizing immediate repair needs. Its central location on Main Street in Ranger, Eastland County, TX 76470 (32.471822, -98.6830945) provides high visibility and accessibility. The Net Net Net (NNN) lease type offers flexibility for future tenants. This is a rare chance to acquire a substantial property in a desirable location with the potential for significant return on investment. The existing structure provides a solid foundation for a variety of medical or commercial uses, making it an attractive proposition for those seeking a renovation or complete redevelopment project. The property's size and zoning allow for considerable flexibility in its future use.

    Property Features for 400 Main St

    General Information

    Property type
    Medical offices
    Square Feet
    18,000 SF
    Class
    C

    Building Details

    Year Built
    1930
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranger City Municipal ... City Courthouse Ranger City Water ... Water Utility Company Ranger City Secretary City Government Office Ranger Animal Control City Government Office Ranger Sewer Plant Local Government Office

    Suggested Use

    Realty agency Restaurant Dental Office Building Supply Clothing Store Auto Repair Shop Pharmacy Wholesale Shop Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ranger
    County
    Eastland
    State
    Texas
    Longitude
    -98.6830945
    Latitude
    32.471822

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    FAQs

    What type of property is this?
    Medical office - 18,000 SF Medical Office - $264,000
    Where is this medical office located?
    The property is located at 400 Main St Ranger, TX.
    What is the asking price?
    The asking price for this property is $264,000.
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    400 Main St Ranger, TX 76470
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    Ranger, TX 76470
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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
    400 Main St Ranger, TX 76470
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