Property profile

200 Market St Karnes City, TX 78118

OFF-MARKET
Commercial real estate
Property ID
US83-1192431
2,500 SF 0.11 ac lot Built 1910
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity presents a well-established, turnkey business in downtown Karnes City, Texas. The Jauer Farm Supply, a staple in the ranching and farming community for over 50 years, occupies three buildings totaling 7,800 square feet on a lot spanning one to two acres. The property includes 12 parking spaces and fenced yards for ample storage of large exterior supplies. Built in phases (1910, 1955, and 2017), the buildings are well-maintained and offer a diverse range of retail space. The business boasts a comprehensive inventory, including pet supplies, cattle/horse supplies, electrical/plumbing/fencing materials, paint, and animal feed. The property is zoned C and benefits from easy access and high visibility in a thriving downtown location. The asking price is $2,000,000, translating to $256.41 per square foot. This represents a unique opportunity to acquire a profitable, established business with significant growth potential in a strong market. The property includes 7,800 square feet of air rights. This is a truly remarkable opportunity for an owner/user seeking a well-established business with a loyal customer base.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1910
Total area 2,500 SF
Lot 0.11 ac (4,574 SF)
APN 68652
UPID US83-1192431

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

200 Market St Karnes City, TX 78118-3232
Karnes City metro Census 970200
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$200k

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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