Property profile

7624 Hwy 84 Slaton, TX 79364

OFF-MARKET
Retail space
Property ID
US82-5329180
3,000 SF 6.33 ac lot Built 1996
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 5,000-square-foot warehouse, constructed in 2015, sits on a spacious 7-acre lot outside city limits. The property boasts a versatile layout, including a showroom/service/office area complete with central heating and air conditioning, and a restroom. Adjacent to this area is a warehouse featuring a 14-foot grade-level overhead door, a dedicated parts room, and an additional restroom. This warehouse space is separated from another warehouse section by a 12-foot grade-level overhead door. The second warehouse section offers three 14-foot-tall by 12-foot-wide grade-level insulated overhead doors. Both warehouse sections benefit from insulation for optimal climate control. Currently, two acres of the lot are fenced, providing a secure stack yard, with an additional five acres available to the west. The owner is open to discussions regarding fencing this additional area to expand the stack yard. To enhance safety and accessibility, TxDOT has approved the addition of three new entrances. Two will be located on the Slaton Highway (north) side, and one on the FM 1585/130th Street side. These improvements will significantly improve ingress and egress to the property. The property is zoned for outside city limits and is a single-tenant occupancy.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1996
Total area 3,000 SF
Lot 6.33 ac (275,735 SF)
Zoning code 23
APN R148504
UPID US82-5329180

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7624 Hwy 84 Slaton, TX 79364-7586
Slaton metro Census 10700 LUBBOCK, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2024
5 recorded transactions
2024
Price N/A
2024
Price N/A
2013
Price N/A
2008
Price N/A
2006
Price N/A

Zoning & alternative use

23 · Slaton, TX

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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