Last 24 Hours
$68,580
NAL Estimated Property Value1113 E Scharbauer Dr, Midland, TX, 79705
$89,154 ARV
Off Market
Commercial
— Beds
— Bath
2,040 Sq Ft
Business
$122.55 / sqft
Built in 1963Highlights
Interior
Bedrooms —
Bathrooms —
Garage AvailableExterior
Lot Size7,057 sqft
Building Information
Year Built1963
Stories1
Garage Spaces8
Land Information
APNR000016063
Lot Number7
SubdivisionDavis Heights
Land UseCommercial Building
Legal DescriptionACRES: 0.162 BLK: 001 LOT: 007 ADDN: DAVIS HEIGHTS
Census Tract000100
Assessed Land Value$14,150
Assessed Improvement Value$54,430
Assessment Year2025
About this property
Have you ever dream of owning a legendary barbecue restaurant? Here you chance! Sams BBQ, a world-renowned establishment known for its mouthwatering grilled chicken and beef sausage. The Restaurant gained national attention when featured on “Texas Country Reporter. Due to fire damage in the kitchen, Sam's BBQ is n need of a complete renovation. Owner has rcvd preliminary restoration info from the City of Midland. Do you have Vision? Let's talk. Schedule your appt today!
Investor Tools
$68,580
Estimated Property Value
$105,399Estimated Mortgage Balance
$68,580Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$89,154
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$115/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,040
$68,580
2025
$14,150
$54,430
$68,580
Yes (2023)
Tax History
Year
Tax Paid
Assessed Value
2024
$1,040
$68,580
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lee Hammond Inc
Unknown
$144,000
No
First
Mar 21, 2014
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$105,399
N/A
0%
154%
$864/mo
12.4%