Current Use by Public Records
- Specialty properties
Property Details for 2243 St
- Year built
- 1955
- Lot size
- 5.50 lot acres
- Property type
- Specialty properties
- Property subtype
- Land
Description
Exceptional investment opportunity: This unique property in Nome, Texas, encompasses a fully operational certified organic rice mill and dryer facility situated on approximately 6 acres of land. The mill boasts impressive capacity, including rice dryer bins with a total carrying capacity of approximately 11,000,000 lbs. The efficient, computer-controlled dryer features an 8" grain loop system for seamless truck loading and unloading, and a Sukup double-stacked dryer unit powered by a 600-gallon propane tank. Drying capabilities reach at least .03% moisture reduction on 50,000 lbs. per hour. The adjacent concrete mill building houses a 4-head sheller with a capacity of 8 tons of rough rice per hour, complemented by a Patty separator. Processing equipment includes two vertical stone mills, a large finishing polishing machine, a Rotex machine, a large color sorter, 5'x9' storage bins, and a 100,000 lb. capacity tank for packaging. While the mill requires some finishing work to reach full operational status, its substantial capacity and existing infrastructure present a significant opportunity. The property, built in 1955, consists of four single-story buildings totaling 4,500 square feet, offering ample space for expansion. The asking price is $3,200,000, with a 5.49% cap rate and a net operating income (NOI) of $175,559. Owner financing is available with a 20% down payment and a 5.5% APR for 10 years.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nome
- County
- Jefferson
- State
- Texas
- Longitude
- -94.4239
- Latitude
- 30.0369
