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Property profile & analytics
OFF-MARKET
Commercial real estate

306 Block 9 St Spearman, TX 79081

Property ID
Property summary
AI-generated overview

This exceptional commercial property located at 306 Davis Street, lots 4, 5 & 6 Block 9, Spearman, TX, presents a unique investment opportunity. Priced at $90,000, the property boasts a versatile layout previously utilized as a workout facility. Recent improvements include the installation of new ceiling tiles and lighting fixtures throughout the main building. The building also includes a convenient restroom and a dedicated office space, ideal for administrative tasks or client consultations. Adding significant value to this offering are two additional storage buildings, one specifically designed for lumber storage. This provides ample space for inventory, equipment, or other business needs. The property's strategic location on a corner lot ensures high visibility and accessibility. Furthermore, the lot benefits from paved access on two sides, enhancing convenience for both customers and deliveries. This property is ready for immediate occupancy and offers a multitude of potential uses, making it an attractive option for entrepreneurs and investors alike. The combination of the main building, the two storage buildings, and the prime corner lot location makes this a truly compelling investment opportunity in the thriving Spearman, Texas market.

Property profile
Verified
Property type Commercial real estate
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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