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    Property profile & analytics
    OFF-MARKET Estimated value $540,000
    Retail space

    215 9th St, Slaton, TX 79364-4107

    5,400 SF 0.18 ac lot Built 1943
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US83-4255838
    Property summary
    AI-generated overview

    This expansive Slaton, TX commercial property at 215 S 9th Street presents a unique investment opportunity. Boasting a total of 9,439 square feet above grade, this adaptable space previously served as an artist's studio, offering a wealth of possibilities for its next owner. The main level encompasses 6,300 square feet, complemented by a substantial 3,138.77-square-foot loft area. Further enhancing its functionality are a 700-square-foot garage and a 400-square-foot storage loft. The property includes a well-equipped kitchen, two full bathrooms, and two half bathrooms, ensuring ample amenities. Climate control is managed by three HVAC units, a mini-split system, and supplemental kitchen heating, while a large industrial fan provides additional ventilation. Recent upgrades include a roof approximately five years old and updated plumbing. The property sits on a 0.18-acre lot and is priced at $285,000. This location is particularly attractive for businesses seeking a large, adaptable space, and its suitability for uses such as event spaces, art studios, galleries, offices, or retail stores makes it a highly desirable investment. For potential grant funding to assist with your project, contact the Slaton Economic Development Company (SEDCO). Note that an adjacent property at 225 S 9th Street is also available for purchase.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1943
    Total area 5,400 SF
    Lot 0.18 ac (7,750 SF)
    Zoning code 26
    APN R99751
    UPID US83-4255838
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $537k
    Blend (final) Blend
    $540k
    Owner & transaction history
    Esperanza Investments LLC · 1 yrs held
    Esperanza Investments LLC
    since 2024
    4 recorded transactions
    2024
    2018
    2006
    2005
    Zoning & alternative use
    26 · Slaton, TX
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $820,000 +43.5%
    Office building $775,000 +35.1%
    Restaurant $600,000 +4.8%
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