4004 Olton Rd Plainview, TX 79072
- Commercial real estate
- 34,068 SF
- 0.87 lot acres
Current Use by Public Records
- PLAINVIEW, TX (OLTON ROAD) / Fast Food Restaurant
Property Details for 4004 Olton Rd
- Year built
- 2000
- Lot size
- 0.87 lot acres
- Property size
- 34,068 SF
- Property type
- Commercial real estate
- APN
- 205708
- APU
- 205708
Description
This exceptional 2,158 square foot retail building presents a unique investment opportunity in Plainview, Texas. Situated on a 1.07-acre lot at 4004 Olton Road, this single-tenant property boasts unparalleled visibility and accessibility. The building is currently vacant, offering a blank canvas for a new business or expansion. Its strategic location on the northwest quadrant of Olton Road and I-27 ensures high traffic volume and excellent exposure. The property benefits from its proximity to the recently announced Chick-fil-A, further enhancing its appeal and potential for success. With 38 parking spaces available, customer convenience is guaranteed. Plainview's thriving community, anchored by Wayland Baptist University and its convenient location equidistant from Amarillo and Lubbock via I-27, provides a strong foundation for business growth. This build-to-suit (BTS) ground lease (GL) opportunity is ideal for a variety of retail concepts seeking a high-impact location in a dynamic market. The property is located in Hale County, Texas, and has a zip code of 79072. This is a rare chance to secure a prime retail space in a rapidly growing area. The property's size and location make it an attractive option for businesses seeking significant visibility and accessibility.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $560,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $815,000
- 6.5%
- $710,000
- 7%
- $855,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $680,000
- Geo Method
- $795,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $820,000
- Retail
- $625,000
- Mixed-Use
- $620,000
- Hospitality
- $825,000
- Educational
- $640,000
- Residential Income
- $625,000
- Energy
- $775,000
- Income-Based Land
- $735,000
- Food Service
- $755,000
Location Insight
- Map
- Local Demand
- City
- Plainview
- County
- Hale
- State
- Texas
- Longitude
- -101.752
- Latitude
- 34.1885
- CBSA code
- 38380
- CBSA name
- PLAINVIEW, TX MICROPOLITAN STATISTICAL AREA
