Property profile

12150 Us-70 Vernon, TX 76384

OFF-MARKET
Warehouses
25,000 SF 11 ac lot Built 1955
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Warehouses
Year built 1955
Total area 25,000 SF
Lot 11 ac (479,160 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

12150 Us-70 Vernon, TX 76384
Vernon metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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