Property profile

1324 Dumas Ave Dumas, TX 79029

OFF-MARKET
Commercial real estate
Property ID
US82-9444226
13,314 SF 0.55 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 0.55-acre commercial land parcel presents a unique ground lease opportunity in Dumas, Texas. Situated on a hard corner along the main north-south corridor, this property benefits from high visibility and accessibility. The location is strategically positioned within a thriving retail environment, surrounded by established national brands such as McDonald's, Taco Bell, and Pizza Hut. This prime location offers significant advantages for businesses seeking high traffic exposure. The property's one-acre size provides ample space for development, catering to a variety of commercial uses. Dumas itself boasts a robust economy, supported by a diverse range of businesses and major employers including JBS & Tannery, Valero Energy Corp., Faria Dairy, Continental Carbon, and Pioneer Natural Resources, employing a combined 5,739 individuals. The town's rich history and cultural significance are further highlighted by the presence of the Window on the Plains Museum. This property offers an unparalleled chance to establish a presence in a dynamic and growing community, benefiting from the existing commercial infrastructure and strong local economy. The single-tenant nature of the lease provides flexibility and control for the future tenant. This is a rare opportunity to acquire a highly visible and strategically located commercial land parcel in a thriving Texas town. The property is located approximately 47 miles northwest of Amarillo, providing easy access to a larger regional market.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 13,314 SF
Lot 0.55 ac (24,002 SF)
APN 10655
UPID US82-9444226

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
  • Auto Repair Shop

Location

1324 Dumas Ave Dumas, TX 79029-5514
Dumas metro Census 950400 DUMAS, TX MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$395k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$395k

Owner & transaction history

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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