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Property profile & analytics
OFF-MARKET Estimated value $565,000
Retail space

109 Park Ave Iowa Park, TX 76367-2806

4,260 SF 0.13 ac lot Built 1993
Individually Owned 14-yr Hold Absentee Owner Free & Clear
Property ID
US82-7056550
Property summary
AI-generated overview

This exceptional mixed-use property at 109 W Park Ave, Iowa Park, TX 76367, presents a lucrative investment opportunity. The 4,260 square foot building sits on a 5,641.02 square foot lot and is currently configured as a versatile event space, ideal for bakers, caterers, and pop-up shops. The asking price is $349,900, translating to $82.14 per square foot. The open floor plan offers significant flexibility, allowing for easy adaptation to a wide range of business needs. Its current use as a short-term rental demonstrates strong potential for immediate income generation. The property boasts a convenient location with ample street parking directly in front, ensuring easy access for customers and clients. This versatile space is ready for immediate occupancy and presents a unique chance to establish or expand a thriving business in a desirable Texas location. The property's size and layout provide ample room for creativity and customization, making it an attractive option for entrepreneurs seeking a turnkey solution or a blank canvas for their vision. This is a rare opportunity to acquire a well-situated, adaptable commercial property in a growing market.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1993
Construction STEEL FRAME
Total area 4,260 SF
Lot 0.13 ac (5,641 SF)
APN 6A00 952 00
UPID US82-7056550
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$536k
Blend (final) Blend
$565k
Owner & transaction history
Kathy A Hicks · 14 yrs held
Kathy A Hicks
since 2011
2 recorded transactions
2011
Price N/A
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $520,000 +22.3%
Warehouse, storage $465,000 +8.8%
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