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Property profile & analytics
OFF-MARKET
Grocery and convenience stores

1889 Fm 1999 Karnack, TX 75661-2127

2,257 SF 1 ac lot Built 1984
Individually Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US83-3943433
Property summary
AI-generated overview

This exceptional commercial property, situated at 1889 FM 1999 in Karnack, Texas, presents a unique investment opportunity. Priced at $375,000, this remodeled convenience store boasts a highly desirable corner lot location, offering excellent visibility and accessibility for customers. The building includes an eat-in area, providing additional space for customers to enjoy their purchases. The property's existing infrastructure includes basic supplies and gas services, establishing a foundation for immediate operation or expansion. The one-acre lot provides ample space for potential future development or expansion of the existing business. The property's prime location in Karnack, Texas, offers access to a local customer base and presents significant potential for growth and profitability. This turnkey operation is ideal for an entrepreneur seeking a well-established business with immediate revenue potential or an investor looking for a strong return on investment in a thriving community. The remodeled interior offers a clean and modern aesthetic, ready for immediate occupancy. The convenience store's existing infrastructure and equipment provide a solid base for continued operation and potential expansion. The property's corner location on FM 1999 ensures high visibility and easy access for customers. This is a rare opportunity to acquire a profitable commercial property in a growing market. Serious inquiries are encouraged.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1984
Total area 2,257 SF
Lot 1 ac (43,560 SF)
APN 00114.00030.00020.000000
UPID US83-3943433
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
Current use
Occupant on record · Public records
  • Zaap Country Kitchen Restaurant
  • Zaap Country Store Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
James A Matysiak · 5 yrs held
James A Matysiak
since 2020
6 recorded transactions
2020
Price N/A
2019
Price N/A
2019
Price N/A
2011
Price N/A
2007
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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