605 1St St Wellington, TX 79095
This exceptional Wellington, TX industrial property, located at 605 1st Street, presents a unique investment opportunity. The 4,030-square-foot building sits on a substantial 92,250-square-foot lot and encompasses nearly an entire city block, excluding three leased lots. The property features a spacious, insulated shop with overhead doors on both ends, ideal for efficient equipment servicing. Two furnished one-bedroom residences provide comfortable office space and overnight accommodations. Additional amenities include an RV shed and a separate storage building. The property boasts a convenient caliche rock road base with easy access from 1st Street, plus driveways on Bowie and Childress Streets. Low traffic volume ensures smooth entry and exit. The extensive electrical system supports multiple shop operations. The asking price is $399,000, translating to $99.01 per square foot. Please note that fuel tanks, an RV, trailers, and vehicles on the property are not included in the sale. This property is vacant and ready for immediate occupancy. Owner financing is not available. The property consists of four buildings in total. This is a sale only
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
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.