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$185,820

117 S Montgomery St, Gilmer, TX, 75644

$230,497 ARVInfo
Off MarketInfo
CommercialInfo
Baths10,336 Sq Ft
OfficeOffice
Year BuiltBuilt in 1986

Exterior

Lot Size9,017 sqft

Building Information

Year Built1986

Land Information

APN65108029
Lot Number3A
Land UseCommercial
Legal DescriptionLOT 3A, BLK 46 OLD TOWN (GILMER) S279 (A3,A200) .207 ACRES & DENTAL CLINIC
Census Tract950400
Assessed Land Value$27,050
Assessed Improvement Value$158,770
Assessment Year2025

About this property

Boutique office opportunity in Gilmer, Texas remodeled and turn key for any business. Currently the office space features a waiting room, kitchenette, conference room with four additional suites with lock and key. Remodeled in 2022 for your turn key endeavor. Currently being used as office suites for rent for passive income. The office could easily be a doctor office, salon, spa, dental office, real estate office, endless opportunity. Current rents $2400/ month. Lease opportunity after May 1, 2025 contact listing agent.

Investor Tools

Property Icon
$185,820
Estimated Property Value
$0Estimated Mortgage Balance
$185,820Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$230,497
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,314 /month
Positive
Cash Flow Estimate:
$438 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$357/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,350
$185,820
2025
$27,050
$158,770
$185,820
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,350
$185,820

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$185,820
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: Gilmer

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117 S Montgomery St | Property Details | No Agent List