Property profile

215 9th St Slaton, TX 79364

OFF-MARKET
Retail space
Property ID
US83-4255838
5,400 SF 0.18 ac lot Built 1943
Entity Owned 1-yr Hold ~ Est. High Equity
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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

Location

215 9th St Slaton, TX 79364-4107
Slaton metro Census 10601 LUBBOCK, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$537k
Blend (final) Blend
$275k

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
2018
Price N/A
2006
Price N/A
2005
Price N/A

Zoning & alternative use

26 · Slaton, TX
Top alternative use upside
Commercial (general) $820,000 +43.5%
Office building $775,000 +35.1%
Restaurant $600,000 +4.8%

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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