702 Matador Hwy Floydada, TX 79235
This exceptional 7,840 square foot office building, located at 702 Matador Highway in Floydada, Texas, presents a compelling investment opportunity. The property sits on a substantial 2.8-acre lot, providing ample space and parking. A large asphalt parking lot is readily available for employees and visitors. The building's history includes previous use as a USDA facility, suggesting a robust and well-constructed structure. The interior features multiple offices and work areas, offering flexibility for a variety of business needs. The layout is well-suited for a range of configurations, allowing for customization to meet specific operational requirements. Adding to the property's value is an included 2.2-acre parcel of land (R04007) located directly south of the main building, expanding the total acreage to 5 acres. This additional land offers significant potential for future expansion or development. The asking price for this substantial property is $215,000. The seller is open to considering lease options, providing flexibility for potential buyers or tenants. This presents a rare opportunity to acquire a well-located, spacious office building in Floydada, Texas, at an attractive price point.
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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.