Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1207 Main St Brownfield, TX 79316

    • Industrial properties
    • 0.96 lot acres
    OFF-MARKET
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6155900
    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

    • Industrial properties

    Property Details for 1207 Main St

    Year built
    1968
    Lot size
    0.96 lot acres
    Property type
    Industrial properties
    APN
    20623
    APU
    20623

    Description

    This exceptional 6,600-square-foot industrial/workshop/retail space presents a unique opportunity in Brownfield, Terry County. Situated on a 0.96-acre lot, the property boasts convenient parking and crucial big rig access, making it ideal for a variety of businesses. Built in 1968, the building is fully functional and equipped with HVAC, a heat pump, and gas heating. Utilities are all connected and current, including city water, sewer, and electricity, along with trash disposal. The interior features fluorescent lighting. The property's versatile nature allows for various uses, from industrial operations and workshops to retail ventures. While it has been vacant for a period, it remains in fully operational condition, ready for immediate occupancy. The property's parcel ID is R23441. This is a single available space within a multi-tenant building. The property's size and features make it an attractive option for businesses requiring both indoor space and convenient access for large vehicles. Don't miss this chance to secure a well-located and functional property in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brownfield
    County
    Terry
    State
    Texas
    Longitude
    -102.29
    Latitude
    33.1797

    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
    $987
    $12,803
    $35,126
    $47,929
    -
    $12,803
    $35,126
    $47,929

    Comparable in this City

    • Value Estimation
      $275,000
      1.37 Acres

      500 Ross St

      INDUSTRIAL (GENERAL) • 1.37 Acres
      500 Ross St, Brownfield, TX 79316-2500
      View Details
    • Value Estimation
      $260,000
      4.27 Acres

      State Hwy 137

      INDUSTRIAL (GENERAL) • 4.27 Acres
      State Hwy 137, Brownfield, TX 79316
      View Details
    • Value Estimation
      $260,000
      0.15 Acres

      Cedar N

      INDUSTRIAL (GENERAL) • 0.15 Acres
      Cedar N, Brownfield, TX 79316
      View Details
    • Value Estimation
      $280,000
      2,640 SF

      Us Hwy 385

      INDUSTRIAL (GENERAL) • 2,640 SF
      Us Hwy 385, Brownfield, TX 79316
      View Details
    • Value Estimation
      $255,000
      600 SF

      Us Hwy 385th Seag Hwy Hwy

      INDUSTRIAL (GENERAL) • 600 SF
      Us Hwy 385th Seag Hwy Hwy, Brownfield, TX 79316
      View Details
    • Value Estimation
      $285,000
      1,600 SF

      Brownfield, TX 79316

      INDUSTRIAL (GENERAL) • 1,600 SF
      Brownfield, TX 79316
      View Details

    Similar Nearby for Sale

    • $179,000
      4,500 SF

      Brownfield Manufacturing Facility

      Texas Industrial Property - $179,000
      1501 Levelland Hwy, Brownfield, TX 79316
      View Details
    • $140,800
      29.68 Acres

      Agricultural Land with Warehouse

      29.68 acres in Brownfield, TX with a warehouse.
      701 E Oak St, Brownfield, TX 79316
      View Details
    • $159,000

      Warehouse with Highway Visibility

      Warehouse property with highway visibility and railroad access.
      1501 Levelland Hwy, Brownfield, TX 79316
      View Details
    • New
      $30,000
      Pending

      Commercial Building on Lubbock HWY

      3800 square foot commercial building with endless potential.
      305 S 1St St, Brownfield, TX 79316
      View Details
    • Contact for pricing
      9,244 SF

      Versatile Commercial Property in Brownfield

      Adaptable commercial space suitable for various industrial and storage purposes.
      1313 S 14Th St, Brownfield, TX 79316
      View Details
    • $480,000
      2,805 SF

      Renovated Industrial Facility For Sale

      2,805 SF industrial building renovated in 2014, ideal for manufacturing.
      802 Seagraves Rd, Brownfield, TX 79316
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      1,800 SF

      Retail Space in Brownfield, TX

      Retail space available for lease in Brownfield, Texas.
      1402 Lubbock Rd, Brownfield, TX 79316
      View Details
    • $11 SF/Yr
      9,000 SF

      Dakota Plaza Retail Center

      Brownfield, TX Strip Center - 1,800 SF Available
      1400 Us Highway 385, Brownfield, TX 79316
      View Details
    • $9 SF/Yr
      43,836 SF

      Retail Space Available for Lease

      Retail property available for lease in Brownfield, Texas.
      1401 Tahoka Rd, Brownfield, TX 79316
      View Details
    • $11 SF/Yr
      9,000 SF

      Prime Brownfield Retail Space

      9,000 SF Retail/Office Available
      1400 Us Highway 385, Brownfield, TX 79316
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1207 Main St
    Brownfield, TX 79316
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.