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Property profile & analytics
OFF-MARKET
Commercial real estate

12149 State Hwy 21st E Midway, TX 75852-2735

2,100 SF 0.08 ac lot
Individually Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US83-0623298
Property summary
AI-generated overview

This charming stucco grocery store, located at 12149 State Highway 21 in Midway, Texas, presents a unique investment opportunity. The 2,100 square foot building sits on a 0.08-acre lot and is conveniently situated right off the main road, offering excellent visibility and accessibility. This is an AS-IS cash sale, meaning the property is sold in its current condition. However, several key improvements have been made in recent years, including the replacement of the roof, electrical box, electrical wiring, and both air conditioning units. These upgrades significantly reduce the immediate maintenance burden for the new owner. Utilities will be reactivated upon contract signing and completion of inspections. The seller is eager to facilitate a smooth transaction and welcomes prospective buyers to visit the property and assess its potential firsthand. This presents a rare chance to acquire a well-located commercial property in a desirable Texas town at an attractive price point of $49,000. The property's history as a grocery store suggests potential for continued use in a similar capacity, or for adaptive reuse to suit a variety of other commercial ventures. The building's prime location and recent upgrades make it an attractive proposition for investors seeking a straightforward, cash-only investment with significant upside potential.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 2,100 SF
Lot 0.08 ac (3,398 SF)
APN R-0247-000-1730-901
UPID US83-0623298
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Daniel Harper · 2 yrs held
Daniel Harper
since 2023
2 recorded transactions
2023
Price N/A
2013
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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