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Property profile & analytics
FOR SALE
Commercial real estate

620 N Armstrong Ave Kingsville, TX 78363

4,233 SF 0.32 ac lot Built 1970
Individually Owned 19-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-7691242
Property summary
AI-generated overview

This exceptional 4,233 square foot industrial property, situated on a 0.32-acre corner lot in Kingsville, Texas, presents a compelling investment opportunity. Its prime location, just steps from a university, ensures high visibility and accessibility, attracting a substantial customer base. The property boasts three separate rental spaces, currently generating multiple income streams, providing immediate return on investment. This versatile space is adaptable to a wide range of commercial uses, from offices and retail to specialized industrial ventures. Existing tenants provide a stable income base, while the potential for redevelopment allows for customization to meet evolving market demands. The property's strategic location near the university offers a unique advantage, tapping into a large and dynamic population. This presents an excellent opportunity for investors seeking a high-yield property with significant upside potential, or for businesses looking to establish a strong presence in a thriving area. The asking price is $525,000. This is a rare chance to acquire a well-positioned, income-producing asset in a high-traffic area with significant growth potential. Don't miss this chance to secure a prime piece of Kingsville real estate.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1970
Total area 4,233 SF
Lot 0.32 ac (14,000 SF)
APN 13567
UPID US82-7691242
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Mahendra Patel · 19 yrs held
Mahendra Patel
since 2006
1 recorded transaction
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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