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$542,430

NAL Estimated Property Value

1102 E Main Highway, Honey Grove, TX, 75446

Off MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths8,100 Sq Ft
RetailRetail
Year BuiltBuilt in 2001

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
FlooringConcrete

Exterior

Lot Size35,153 sqft

Building Information

Year Built2001

Land Information

APN100457
Land UseCommercial
Legal DescriptionA0615 J KING, ACRES .807
Census Tract950100
Assessed Land Value$35,150
Assessed Improvement Value$507,280
Assessment Year2025

About this property

BIG PRICE REDUCTION! Prime Commercial Opportunity in Honey Grove, Texas. Strategically positioned between two major water developments - the newly completed 17,000 acre Bois d'Arc Lake and the upcoming 7,600 acre Lake Ralph Hall - this versatile commercial property offers exceptional potential in growing Honey Grove. Property Highlights: • 8,100 sq. ft. of climate-controlled space • 1,500 sq. ft. newly constructed front awning • Situated on 0.8 acres • Modern engineered construction • 12,340 sq. ft. asphalt parking area • Commercial glass storefront • Grade-level loading dock • Manager's office • Dual restroom facilities • Generous main retail floor • Dedicated rear storage and inventory area The building's thoughtful design and robust infrastructure make it ideal for various business ventures: • Retail operations • Auto parts or hardware store • Professional office space • Educational or religious administration • Light manufacturing or industrial use • Fitness center • Childcare facility • Climate-controlled storage • Restaurant conversion With its prime location and adaptable layout, this property presents a unique investment opportunity in Honey Grove's expanding commercial landscape.

Investor Tools

Property Icon
$542,430
Estimated Property Value
$297,671Estimated Mortgage Balance
$244,759Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,494 /month
Positive
Cash Flow Estimate:
$1,498 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$946/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,635
$542,430
2025
$35,150
$507,280
$542,430
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,635
$542,430

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranty Bank & Trust Na
Commercial
$315,000
No
First
May 1, 2023
May 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$297,671
$244,759
45%
55%
$1,889/mo

City: Honey Grove

1102 E Main Highway | Property Details | No Agent List