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Property profile & analytics
OFF-MARKET
Specialty properties

424 Us-385 Seminole, TX 79360

3,000 SF 0.29 ac lot Built 2018
Property ID
Property summary
AI-generated overview

This exceptional 3,000-square-foot airport hangar, constructed in 2018 and renovated the same year, is situated on a 0.29-acre lot at 424 U.S. Highway 385 in Seminole, Texas, zip code 79360. The single-story steel structure boasts a 20-40 foot ceiling height, providing ample space for aircraft storage and maintenance. The property includes two dock-high doors, one large wide overhead door, and one side overhead door, ensuring convenient access. A newly completed second story offers spacious office accommodations. Additional features include a walk-through door, full fencing, on-site restrooms, and full-time mechanics and safety surveillance. Low property taxes and lease-out opportunities present a strong investment potential. This property is located within the Gaines County Airport in the heart of Seminole, offering a prime location for aviation-related businesses. The asking price is $275,000, translating to $91.67 per square foot.

Property profile
Verified
Property type Specialty properties
Year built 2018
Total area 3,000 SF
Lot 0.29 ac (12,632 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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