1306 12Th St Big Lake, TX 76932
- Commercial real estate
Current Use by Public Records
- Santa Rita Homes / Apartment Building
Property Details for 1306 12Th St
- Year built
- 2019
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 31-unit apartment building in Big Lake, Texas, boasting a compelling 9.1% capitalization rate. Constructed in 2019, the property comprises 34,846 net rentable square feet across eleven single-story buildings. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $427,218. Located at 1306 E 12th St, Big Lake, TX 76932, this fully furnished complex enjoys a prime location directly across from Reagan County High School. The strong performance is attributed to consistent cash flow, low maintenance requirements, local staff management, and corporate leases. Big Lake's thriving economy, fueled by oil & gas, wind and solar energy, construction, and other industries, creates a high-demand rental market with limited competition. The city's strategic location, 77 miles southeast of Midland and 71 miles west of San Angelo at the intersection of Highway 137 and Highway 67, further enhances its appeal. This asset offers a rare combination of high occupancy, strong cash flow, and a desirable location, making it an ideal investment for discerning buyers seeking consistent returns. Financial details and property information are available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Big Lake
- County
- Reagan
- State
- Texas
- Longitude
- -101.45109210607
- Latitude
- 31.200755252477
