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    Property profile & analytics

    723 7Th Ave Spearman, TX 79081

    • Commercial real estate
    • 24,800 SF
    • 0.86 lot acres
    For Sale
    View listing
    $750,000
    Value Estimation
    Location Intelligence
    Property ID
    US83-0653709
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dollar General / Convenience Store / Party Store
    • Western Union / Money Transfer Service / Money Order Service
    • FedEx OnSite / Mailing Service
    • Redbox / Movie Rental Kiosk / Dvd Store

    Property Details for 723 7Th Ave

    Lot size
    0.86 lot acres
    Property size
    24,800 SF
    Property type
    Commercial real estate
    APN
    3691
    APU
    3691

    Description

    This exceptional investment opportunity presents a 15,000-square-foot Dollar General storefront located at 723 W 7th Ave, Spearman, Texas, 79081. Situated on a 0.86-acre lot, this property boasts a strong 5.01% cap rate, generating a net operating income (NOI) of $37,593. The building was constructed in 1999 and benefits from its location adjacent to First National Bank, ensuring high visibility and foot traffic. Currently leased to Dollar General, the lease expires on April 30, 2024. This property is part of a larger Dollar General portfolio; detailed portfolio information is available upon request and execution of a non-disclosure agreement. Financial details are available to qualified buyers after signing a confidentiality agreement. The asking price for this prime retail investment is $750,000. This is a single-tenant property offering a stable income stream and significant potential for future appreciation. Don't miss this chance to acquire a well-established retail asset in a thriving Texas community.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $575,000

    • CAP approach

      CAP return
      Estimation
      6%
      $835,000
      6.5%
      $795,000
      7%
      $810,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $870,000
      Geo Method
      $810,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $745,000
      Retail
      $870,000
      Mixed-Use
      $790,000
      Hospitality
      $840,000
      Educational
      $705,000
      Residential Income
      $670,000
      Energy
      $790,000
      Income-Based Land
      $795,000
      Food Service
      $665,000

    Location Insight

    • Map
    • Local Demand
    City
    Spearman
    County
    Hansford
    State
    Texas
    Longitude
    -101.203
    Latitude
    36.1904

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $8,557
    $12,000
    $347,543
    $359,543
    -
    $12,000
    $347,543
    $359,543

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    • $750,000
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      Spearman, TX Dollar General Store

      High-yield retail investment. Strong tenant.
      723 7Th Ave, Spearman, TX 79081
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    • $750,000
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      Dollar General Store Investment Opportunity

      15,000 SF Dollar General store on 0.86 acres.
      723 W 7Th Ave, Spearman, TX 79081
      View Details
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    Spearman, TX 79081
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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