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$850,000

1028 & 1032 Walnut Street, Columbus, TX, 78934

On MarketInfo
Just AddedInfo
Baths0 Bath
Baths840 Sq Ft

Property Lead Type:

Absentee OwnerHigh Equity

About this property

Prime commercial opportunity in Columbus, TX! This property offers a total of 1.31 acres with approximately 12,373 square feet of improvements across two tracts, perfectly situated on a high-visibility corner along Hwy 90/Walnut Street. The first tract features a 2,821-square-foot auto service center with multiple bays on 0.40 acres, and formerly known as Hoelscher Car Care Center. The second tract, formerly Hoelscher Oil Company and now used for storage, includes 7,500 square feet of warehouse and shop space on 0.91 acres. With approximately 164 feet of frontage on Walnut Street/Hwy 90 and 216 feet along Back Street, the property provides excellent accessibility and plenty of room to grow or expand. Whether continuing automotive services or creating a new venture, this versatile property offers endless potential. Existing equipment, including lifts and other improvements, are available to purchase at an additional cost. Adjoining lot is also for sale. Call agent for more info!

Investor Tools

Property Icon
$202,000
Estimated Property Value
$0Estimated Mortgage Balance
$202,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,100 /month
Positive
Cash Flow Estimate:
$1,700 /month

Interested in this property?

Darrell Pfeffer

1851 Properties, Inc

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$100/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$189
$17,000
2025
N/A
$17,000
$17,000
Yes (2022)

Tax History

Year
Tax Paid
Assessed Value
2025
$189
$17,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$202,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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: Columbus

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1028 & 1032 Walnut Street | Property Details | No Agent List