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$260,020

NAL Estimated Property Value

1140 Us Highway 271 S, Gilmer, TX, 75645

$338,026 ARVInfo
Off MarketInfo
CommercialInfo
Beds3 Beds
Baths2,148 Sq Ft
price_per_sqft$97.77 / sqft
Year BuiltBuilt in 1955

Highlights

Interior

Bedrooms 3Bedrooms 3
AppliancesElectric Oven, Electric Water Heater
FlooringHardwood

Exterior

Lot Size1.17 acres

Building Information

Year Built1955
Garage Spaces1

Land Information

APN1230
Land UseCommercial
Legal DescriptionABS A3 LUMBERA, ANISETA,TRACT 203, 1.166 ACRES & HOUSE
Census Tract950400
Assessed Land Value$60,700
Assessed Improvement Value$199,320
Assessment Year2025

About this property

This charming 2,100 SF home, built in 1955, offers a unique blend of classic character and versatile functionality. Featuring 3 bedrooms, 2 bathrooms, and a 2-car carport, this property is ideal for a variety of lifestyles. The home boasts a spacious kitchen, perfect for family meals and gatherings, as well as generously sized bedrooms that provide comfort and privacy. The ample living area offers plenty of space to relax and entertain. The property includes two additional storage buildings and a small building previously used as a beauty salon, which offers endless possibilities. Whether you're looking for a mother-in-law suite, guest quarters, extra storage, or a space for a home-based business, this building meets your needs. Zoned for both residential and commercial use, the potential for this space is truly limitless. Located just minutes from downtown Gilmer, you'll enjoy the convenience of being close to shopping, dining, and local attractions. This home offers comfort, convenience, and versatility, ready for you to make it your own.

Investor Tools

Property Icon
$260,020
Estimated Property Value
$0Estimated Mortgage Balance
$260,020Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$338,026
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,560 /month
Positive
Cash Flow Estimate:
$520 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$436/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,937
$260,020
2025
$60,700
$199,320
$260,020
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,937
$260,020

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$260,020
100%
0%
$0/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: Gilmer

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1140 Us Highway 271 S | Property Details | No Agent List