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$400,000

111 Ne 2nd St, Smithville, TX, 78957

On MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths10,800 Sq Ft
OtherOther
price_per_sqft$37.04 / sqft
Year BuiltBuilt in 1910

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
FlooringConcrete

Exterior

Lot Size5,227 sqft

Land Information

APNR19655
Lot Number17
SubdivisionS7820 - Smithville Townsite
Land UseResidential
Legal DescriptionSMITHVILLE TOWNSITE, BLOCK 33(FR), LOT 17, 18, 19 & 20 (FR'S)
Census Tract950700
Assessed Land Value$48,404
Assessed Improvement Value$152,893
Assessment Year2025

About this property

The Pines Hotel is ZONED Central Business District (CBD) and located within the Commercial Historic District. Two sets of Development Plans convey with sale. The first set of plans is for 7 apartments on the top two floors, a rooftop garden and retail on the first floor. The second set of plans is for an event venue with lodging on the top two floors and a rooftop garden. These plans have NOT gone through the CoS required Third Party Review for permitting. NOTE: Honey's Diner, which is the adjoining building, is also available for sale-see MLS number 7974777. Now for a bit of History on the Pines Hotel: The historic Pines Hotel building was built in 1910 by the Hill family to accommodate railroad workers and traveling salesmen. The hotel closed in 1968 and the building is no longer an operating hotel, though it has been used for other purposes. Construction and Early Use: The three-story, 10,800-square-foot building was constructed in 1910 and included a 16-car garage on the first floor. It served as a popular hangout for Katy Railroad men for many years. Notable Mentions: The single-story cafe on the west side of the building, where Dan Rather once spoke to the Lions Club in 1967, was used as "Honey's Diner" in the movie Hope Floats.

Investor Tools

$0Estimated Mortgage Balance
$201,297Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,400 /month
Positive
Cash Flow Estimate:
$800 /month

Interested in this property?

Sheila Tamble

Tamble Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$404/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,837
$201,297
2025
$48,404
$152,893
$201,297
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,837
$201,297

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$201,297
100%
0%
$0/mo

City: Smithville

111 Ne 2nd St | Property Details | No Agent List