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$925,000

110 1st Street, McGregor, TX, 76657

On MarketInfo
Just AddedInfo
CommercialInfo
Baths0 Bath
Baths17,897 Sq Ft
WarehouseWarehouse
Year BuiltBuilt in 1973

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringConcrete

Exterior

Lot Size4.10 acres

Building Information

Year Built1973
Stories1
Roof Type112

Land Information

APN343521300001000
Lot Number1A
SubdivisionAmbick Nextgen
Land UseCommercial
Legal DescriptionAMBICK NEXTGEN LOT 1A ACRES 4.1
Census Tract003901
Assessed Land Value$621,510
Assessed Improvement Value$703,940
Assessment Year2025

About this property

Prime multifamily development opportunity in McGregor! Located at 101 NE 1st Street, this approximately 4.1-acre property has been rezoned for apartment development and is planned as the future Rose Hill Apartments. The property currently includes three metal buildings with public utilities available. Previous conceptual plans contemplated up to 96 apartment units. Conveniently located near downtown McGregor, schools, shopping and major roadways. Excellent opportunity for developers and investors in a growing Central Texas market. Buyer to verify zoning, density, utilities and development requirements.

Investor Tools

$909,879Estimated Mortgage Balance
$415,571Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,953 /month
Positive
Cash Flow Estimate:
$2,651 /month

Interested in this property?

Jimmy Torres

Compass RE Texas, LLC.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,915/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$28,347
$1,325,450
2025
$621,510
$703,940
$1,325,450
No

Tax History

Year
Tax Paid
Assessed Value
2024
$28,347
$1,325,450

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rain City Capital Llc
Commercial
$971,250
No
First
Mar 29, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$909,879
$415,571
31%
69%
$5,824/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: McGregor

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110 1st Street | Property Details | No Agent List