0 Commercial Grain Handling Facility Springlake, TX 79082
This exceptional 11-acre commercial property in Springlake, Texas, presents a unique investment opportunity. The facility boasts a 4,000 square-foot office building, constructed in 1960 and renovated in 2010. It features approximately 1,250 feet of frontage along US Highway 70, offering excellent visibility and accessibility. The property's permitted grain storage capacity is 1,311,000 bushels, supported by Texas Department of Agriculture Account Number 0237169. Situated on mostly level terrain at an elevation of approximately 3,690 feet, the site appears to be outside of a flood hazard area. The property's irregular shape encompasses approximately 10.54 acres. Legal descriptions will be finalized via survey at closing. Located in Lamb County, in the southwestern Texas panhandle, this property benefits from its proximity to key transportation routes and a well-established agricultural community. The county seat, Littlefield, is easily accessible. This is an exceptional opportunity to acquire a well-established grain handling facility with significant storage capacity and prime highway frontage. The property's size, location, and existing infrastructure make it an attractive investment for those seeking a foothold in the Texas agricultural market.
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
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.