Property profile

103 1st St Idalou, TX 79329

OFF-MARKET
Retail space
Property ID
US82-4837698
7,841 SF 1.37 ac lot Built 1966
Entity Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional industrial property, situated at 103 E 1st Street in Idalou, Texas, offers a substantial 11,070 square feet of versatile space. The property sits on a generous 1.1-acre lot, providing ample room for expansion and potential future development. A key feature is the existing stack yard located at the rear of the building, offering convenient storage and handling capabilities. The current structure presents a solid foundation for a variety of industrial uses, and the expansive lot size allows for the addition of further buildings to accommodate growth or changing operational needs. The property's location in Idalou provides easy access to key transportation routes, making it an ideal location for businesses requiring efficient logistics. This is a rare opportunity to acquire a well-positioned industrial property with significant expansion potential in a thriving Texas community. The asking price is $375,000, representing a compelling investment opportunity for businesses seeking to establish or expand their operations in the Idalou area. The property's size and features make it suitable for a wide range of industrial applications, from warehousing and distribution to light manufacturing and more. Serious inquiries are encouraged.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1966
Total area 7,841 SF
Lot 1.37 ac (59,503 SF)
Zoning code 32
APN R130294
UPID US82-4837698

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Building Supply Hardware & Home Improvement
  • Grocery & Convenience Store Food Market
  • Postal Service Courier Service
  • Courier Service Postal Service

Location

103 1st St Idalou, TX 79329-4111
Idalou metro Census 10101 LUBBOCK, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2015
4 recorded transactions
2015
Price N/A
2011
Price N/A
2011
Price N/A
1969
Price N/A

Zoning & alternative use

32 · Idalou, TX

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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