12150 Us-70, Vernon, TX 76384
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.