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Property profile & analytics
OFF-MARKET
Industrial properties

916 Hwy Alice, TX 78332

480 SF 0.06 ac lot Built 1900
Property ID
Property summary
AI-generated overview

This 480-square-foot industrial building, situated on a 0.06-acre lot at 916 S Hwy 281 in Alice, Texas, presents a unique investment opportunity. Previously used as a restaurant, the property offers significant potential for redevelopment or repurposing. Its compact size makes it suitable for a variety of small businesses or entrepreneurial ventures. The building's location on Highway 281 ensures high visibility and accessibility, benefiting from substantial daily traffic flow. The property's relatively small footprint minimizes maintenance costs and operational overhead, making it an attractive option for budget-conscious investors. Given its prior use as a restaurant, the building may already possess some necessary infrastructure, such as plumbing and electrical systems, potentially reducing renovation expenses. The property's price point of $68,900 makes it a compelling investment in the Alice, Texas market. Serious inquiries are encouraged to explore the possibilities this versatile property offers. The property is sold as-is. Buyers are responsible for conducting their own due diligence.

Property profile
Verified
Property type Industrial properties
Year built 1900
Total area 480 SF
Lot 0.06 ac (2,614 SF)
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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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