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Property profile & analytics
OFF-MARKET Estimated value $715,000
Grocery and convenience stores

3905 Telephone Rd Lake Worth, TX 76135-2907

24,940 SF 2.27 ac lot Built 1975
Entity Owned 12-yr Hold Absentee Owner Free & Clear
Property ID
US82-2331101
Property summary
AI-generated overview

This exceptional 24,940-square-foot retail space in Lake Worth, Texas, presents a significant investment opportunity. Currently occupied by a supermarket, the property becomes available on December 31, 2024, offering a blank canvas for a variety of retail uses. Located at 3905 Telephone Rd, 76135, this single-tenant building boasts a highly visible location with a prominent pylon sign, ensuring maximum exposure to potential customers. The building's classification as a supermarket, anchor, and discount store suggests a history of high traffic and strong sales potential. The property is situated adjacent to a smaller retail strip center, creating a synergistic retail environment. There are no restrictions on the future use of the property, allowing for considerable flexibility in redevelopment or repurposing. The substantial square footage provides ample space for a wide range of retail concepts, from large-format stores to multiple smaller tenants. This prime location in Lake Worth offers easy access to major transportation routes and a thriving local community. The property's size and visibility make it an ideal investment for those seeking a high-impact retail presence in a growing market. The upcoming vacancy date provides ample time for planning and preparation for a seamless transition.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1975
Total area 24,940 SF
Lot 2.27 ac (99,012 SF)
APN 15180--3E1
UPID US82-2331101
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
$715k
CAP Approach CAP
by Request
Comparable Approach Comparable
$715k
Blend (final) Blend
$715k
Owner & transaction history
Pasan LLC · 12 yrs held
Pasan LLC
since 2014
1 recorded transaction
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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