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28774073
28774075

274 Co Rd 287, Merkel, TX 79536

OI Management
Listed by OI Management
$2,200,000
180 days on market
Updated 44 days ago

Merkle Cryptid

Details
APN R94360
Property Type Industrial, Mixed Use (+1)
Sub Type Manufacturing, Warehouse (+1)
Square Footage 24,393
Net Rentable (SqFt) 24,393
Units 1
Cap Rate 6.27%
NOI $137,992
Occupancy 100%
Tenancy Single
Brand/Tenant JOHNSON THERMAL
Lease Type Net
Lease Term 4.1
Lease Expiration 10/30/2028
Remaining Term 2.4
Pro-Forma Cap Rate 6.53%
Pro-Forma NOI $146,880
Price per SqFt $90
Year Built 1981,2006,2015
Buildings 1
Stories 1
Acreage 3.700
Zoning hi
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 10/01/2024
Occupancy Date 10/01/2024
Ceiling Height 18
Sale Condition For sale by owner

Prime Industrial Income Producing Property

Marketing description

This 24,393 SF industrial facility on 3.7 acres is 100% occupied and delivers stable, predictable income under a Modified Net (NN) lease structure. The tenant is responsible for insurance, maintenance, and operating costs. Priced at recent appraised value (Oct 2025). Full appraisal available upon request.

The property includes multiple warehouse structures, industrial yard space, crane bays, fenced perimeter, gravel surfacing, and dedicated parking. Heavy Industrial zoning (HI) supports a wide variety of manufacturing, storage, distribution, fabrication, and industrial service operations. The efficient site layout accommodates large equipment, vehicle traffic, material handling, and future operational growth.

Strategically located within the rapidly expanding I-20 Industrial Corridor, the property benefits from excellent regional access and a strong industrial tenant base. Key distances include:
• 15 minutes to Abilene
• 35 minutes to Sweetwater
• 1 hr 15 min to Snyder
• 2 hrs to Fort Worth
• 2.5 hrs to Dallas

The Merkel–Abilene market continues to attract energy, manufacturing, logistics, and service-sector users due to affordable industrial land, transportation infrastructure, and a business-friendly environment. Investors seeking stable, long-term income with minimal management responsibilities will appreciate the property’s location, zoning flexibility, and strong tenant operations.

This offering represents an opportunity to acquire a fully leased, income-producing industrial asset with heavy-industrial entitlements, ample yard space, and long-term regional growth drivers.

Investment highlights

• 100% leased ±24,393 SF industrial facility on ±3.7 acres
• 6.13% CAP Rate with $137,992 NOI (Modified Net Lease)
• Tenant pays maintenance, insurance & operating costs; landlord pays taxes only
• HI (Heavy Industrial) zoning — rare and highly versatile
• Fenced yard, crane bays, multiple warehouse structures, and ample outdoor storage
• Expansion potential for additional buildings, yard space, or equipment parking
• Located directly off I-20, minutes from Abilene’s industrial hub
• Area experiencing surging industrial demand from energy, manufacturing & logistics

  • Priced at recent appraised value (Oct 2025). Full appraisal available upon request.

Listing Contacts

OI Management
Listed by OI Management

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$137,992.00
$11,499.33/mo

Valuation Metrics

0
DSCR
6.27%
Cap Rate
6.27%
ROI

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