Property profile

1301 8th St Canyon, TX 79015

OFF-MARKET
Auto shops
Property ID
US82-3661103
21,532 SF 15.87 ac lot Built 1976
Individually Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 20,668-square-foot warehouse property, situated on a generous 7.54-acre lot in Canyon, Texas, presents a compelling investment opportunity. The property boasts convenient access from both 8th and 11th Streets, offering excellent accessibility and visibility. The main building, encompassing approximately 11,468 square feet, features substantial office space, six 12-foot overhead door bays (one equipped with a floor drain, and one prepped for a paint booth), and two additional 8-foot overhead doors at the rear. Adding to its functionality are two separate 4,600-square-foot buildings, each providing five 10-foot overhead doors and a depth of approximately 42 feet. Located outside city limits, this property offers flexibility for a variety of business applications. Previously utilized as a Canyon Independent School District (CISD) maintenance facility, the property's sale is subject to CISD approval and any existing deed restrictions. The asking price is $395,000, with a price per square foot of $19.11. The property was built in 1972 and is zoned OCL. This property is ideal for businesses seeking a spacious and well-equipped warehouse facility with ample land and convenient access.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1976
Total area 21,532 SF
Lot 15.87 ac (691,297 SF)
Zoning code SFS
APN R-645-0340-6900
UPID US82-3661103

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
  • High School

Location

1301 8th St Canyon, TX 79015
Canyon metro Census 21804 AMARILLO, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.11M

Owner & transaction history

Zoning & alternative use

SFS · Canyon, TX
Top alternative use upside
Commercial (general) $3.5M +22.0%

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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