Office Building on ~1 Acre with Lots of Parking! Just needs cosmetic updating. Roof and HVAC replaced in 2020.

Cross-streets: Bus 181 & Rte 59
Sq Ft: 4,223 s.f.
Lot Size: 40,424 s..f.
Year Built: 1965
APN: 11965; Bee County
Access: Vacant and Available to View – Call/ E-mail/Text for Access

Features/Amenities:

• Office Building Size: 4,223 s.f.
• Lot Size: 40,424 s.f. (0.93 Acre)
• Year Built: 1965
• Tenancy: Single (currently vacant)
• 12 Offices Inside + 2 Conference Rooms, 4 Unisex Bathrooms
• Building Height:1 Story
• Parking: 23 Spaces (5.45 Spaces per 1,000 s.f. Leased)
• HVAC replaced 2020; Roof redone 2020.
• APN/Parcel ID: 11965, Bee County

Market Rent Potential:  $3,000/mo
7% Cap Rate yields value of:

• $3,000 x 12 months = $36,000
• Deduct 30% expense ratio for taxes, insurance, etc. $36k * 70% = $25.2k
• 25,200 / 0.07 cap rate = $360,000 Value