2243 St Nome, TX 77629

Property Details for 2243 St

Year built

1955

Lot size

5.50 lot acres

Property size

4,500 SF

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.

Location Insight

City

Nome

County

Jefferson

State

Texas

Longitude

-94.4239

Latitude

30.0369