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$753,460

1001 2nd Street, Kerens, TX, 75144

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths23,148 Sq Ft
OfficeOffice
Year BuiltBuilt in 1984

Highlights

Interior

Bathrooms 0Bathrooms 0
Garage AvailableGarage Available
FlooringConcrete

Exterior

Lot Size4.99 acres

Building Information

Year Built1984
Stories1
Garage Spaces176

Land Information

APN52324
SubdivisionM Autry Abst
Land UseCommercial
Legal DescriptionABS A10013 M AUTRY ABST TRACT 3C 4.99 ACRES
Census Tract970600
Assessed Land Value$306,580
Assessed Improvement Value$446,880
Assessment Year2025

About this property

INCOME PRODUCING. Currently Generating aprox+- $7500 per month. This property offers room for growth with 2 different income producing Units. A Retail Strip Center and a Boat, RV, and Trailer Storage Business. The Shops of Kerens is a 23,220 sqft Retail Strip Center plus a 3 acre RV Boat Storage . Current tenants include FoodRite Grocery, Laundromat, Vape Shop, and Boutique Store. The newly added 99RVBoatStorage is approximately 3 acres and completely fenced and managed offsite via electronic gated access. Featuring 131 total spaces. 91 uncovered and 40 covered spaces for boats, campers, motorhomes, trailers, and vehicles. Located between Cedar Creek Lake and Richland Chambers Lake; TXDOT vehicle count is 7500 per day avg.

Investor Tools

Property Icon
$753,460
Estimated Property Value
$0Estimated Mortgage Balance
$163,514Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,521 /month
Positive
Cash Flow Estimate:
$1,507 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,425/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,328
$753,460
2025
$306,580
$446,880
$753,460
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,328
$753,460

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Menfell Properties Ltd A Texas Corporati
Stand Alone First / Home Equity First Lien
$609,000
No
First
Aug 1, 2024
Aug 2034

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$589,946
$163,514
21%
78%
$3,652/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Kerens

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1001 2nd Street | Property Details | No Agent List