Property profile

800 Highway 86 Bovina, TX 79009

FOR SALE
Commercial real estate
Property ID
US83-0123024
49,608 SF 0.96 ac lot Built 1973
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 800 Highway 86 in Bovina, Texas, presents a unique investment opportunity. The building boasts a substantial 11,250 square feet of space, ideally suited for a variety of retail uses. Its previous life as a grocery store speaks to its established location within a high-traffic area, ensuring excellent visibility and accessibility for potential businesses. The property sits on a 0.96-acre lot, providing ample parking for customers and employees, a significant advantage in today's market. The asking price for this well-positioned retail building is $700,000. Given its size, location, and parking availability, this property is poised for immediate success for a wide range of retail ventures. The building's history as a grocery store suggests a strong foundation for continued commercial viability. Serious inquiries are encouraged to explore the potential of this prime commercial real estate offering. The property is ready for immediate occupancy and offers a compelling opportunity for a savvy investor or business owner seeking a well-established location with significant potential for growth. Its strategic placement on Highway 86 ensures high visibility and easy access for customers.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1973
Total area 49,608 SF
Lot 0.96 ac (42,001 SF)
APN 1612
UPID US83-0123024

Cap rate & NOI

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

Location

800 Highway 86 Bovina, TX 79009
Bovina metro Census 950300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$730k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.45M
Blend (final) Blend
$1.09M

Owner & transaction history

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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