20905 Tx-16 Von Ormy, TX 78073
This exceptional 9.51-acre property in Von Ormy, Texas, presents a unique investment opportunity. The site boasts a Class B, 8,309-square-foot office/warehouse building, perfectly suited for owner-occupiers or developers. Built in 1983, the two-story structure features 18-foot ceilings and is currently 100% occupied. The property includes a fenced lot, ample parking for approximately 30 vehicles, and significant outdoor storage space ideal for equipment or trucks. Approximately 5 acres of undeveloped land offer substantial expansion potential for additional warehouse space, multi-family development, or other uses permitted under the OCL zoning. The existing building has served as administrative offices and equipment storage for an oil/gas company, showcasing its versatility. Located on State Highway 16 South, this property benefits from excellent visibility and accessibility. The asking price is $1,995,000, translating to $240.10 per square foot. This offering is structured for a 1031 exchange. The property's APN is 04200-000-0083. The building is air-conditioned.
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
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.