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$228,688

NAL Estimated Property Value

117 Martin Luther Boulevard, Alice, TX, 78332

Off MarketInfo
CommercialInfo
Baths26,084 Sq Ft
IndustrialIndustrial
price_per_sqft$18.98 / sqft
Year BuiltBuilt in 1983

About this property

FORMERLY ALAMO LUMBER COMPANY STORE, THIS AMAZING FACILITY IS READY FOR ANY BUSINESS TO START A NEW THRIVING VENTURE.. LOCATED IN THE HEART OF ALICE TEXAS & FRONTAGE ON THE MAIN STATE HWY 44 WITH MAIN ROAD FRONTAGE ON ALSO MARTIN LUTHER KING ROAD & MONTERREY STREET, THIS AREA HAS AMPLE STREET ACCESS. HIGH TRAFFIC COUNTS ON ALL FRONTING ROADS. THIS LOACTION IS LOCATED ON A COMPLETELY CONCRETE AREA OF 2.239 ACRES & FULLY FENCED. OVER 26,000SQFT OF A/C & HEATED WORK AREA COMPLETE WITH 3 OFFICES, EMPLOYEE MEETING- BREAKROOM, 2 BATHROOMS, AMPLE STORAGE, UPGRADED ELECTRICAL & A/C. TURN KEY DEAL!

Investor Tools

Property Icon
$228,688
Estimated Property Value
$0Estimated Mortgage Balance
$228,688Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,970 /month
Positive
Cash Flow Estimate:
$990 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$605/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,115
$228,688
2025
N/A
$228,688
$228,688
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,115
$228,688

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$228,688
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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: Alice

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117 Martin Luther Boulevard | Property Details | No Agent List