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Property profile & analytics
OFF-MARKET Estimated value $800,000
Industrial properties

517 Grant Rd Mineral Wells, TX 76067-8826

12,237 SF 4.81 ac lot
Individually Owned 4-yr Hold Free & Clear
Property ID
US82-1086445
Property summary
AI-generated overview

This exceptional investment opportunity presents a unique 26,800-square-foot industrial complex situated on 6.3 acres within the Mineral Wells Industrial Park in Palo Pinto County, Texas. The property, located at 517 Grant Rd, Mineral Wells, TX 76067, boasts three buildings totaling 26,800 square feet and features a FAA-permitted helicopter landing pad – a legacy of its past use as a helicopter repair facility for the Fort Wolters US Military training site. The main building, approximately 25,000 square feet, showcases impressive interior construction, including 18 working bays, an overhead hoist, multiple administrative offices, a parts room, ample storage, shipping and receiving areas, and a one-bedroom, one-bathroom living space. A second building, roughly 1,800 square feet, offers three additional working bays, a bathroom, and a storage room. The third building, originally a security guard shack, has been converted into a one-bedroom, one-bathroom apartment. The main shop building is further enhanced by an underfloor hydraulic lift and separate male and female restrooms. This property represents a rare chance to acquire a piece of history and a well-equipped industrial complex with significant potential. The asking price is $975,000. The property is a two-story structure with three units.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Total area 12,237 SF
Lot 4.81 ac (209,524 SF)
APN 233520000
UPID US82-1086445
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
  • Fort Wolters Helicopters Inc Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$800k
Owner & transaction history
Pat B Pockrus · 4 yrs held
Pat B Pockrus
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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