400-406 Van St Kermit, TX 79745
This exceptional 0.77-acre commercial property at 400-406 Van St, Kermit, TX, presents a unique investment opportunity. Boasting a substantial 2,036 square feet of building space, the property offers a diverse range of structures ideal for various business ventures. One side features a paved area with established buildings including offices, a garage, warehouse, and several storage buildings. A significant covered area provides ample space for parking or work activities. The east side of the property offers additional covered parking and open land, enhancing its versatility. The entire property is fully fenced and cross-fenced, providing security and defined spaces. This prime location in Kermit, TX, offers convenient access to local amenities and transportation routes. The existing structures are ready for immediate use, minimizing upfront investment costs. Whether you envision a multi-faceted business operation or a strategic expansion of your current enterprise, this property's adaptability and established infrastructure make it an attractive proposition. The property's size and layout offer significant potential for future development and customization, allowing for tailored solutions to meet specific business needs. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a thriving location. The asking price is $269,900.
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
Similar Nearby for Sale
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.