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$87,660

117 W Austin St, Kermit, TX, 79745

$113,958 ARVInfo
Off MarketInfo
CommercialInfo
Baths0 Bath
Baths10,000 Sq Ft
RetailRetail
price_per_sqft$12.5 / sqft
Year BuiltBuilt in 1955

About this property

HUGE PRICE REDUCTION - ALMOST 50% -- Large retail space that could be divided. The parking lot in the back (south side) is not included in the sale. There are lots of possibilities with this large property. There is some work that needs to be done, but this is a lot of space for the money in downtown Kermit.

Investor Tools

Property Icon
$87,660
Estimated Property Value
$0Estimated Mortgage Balance
$87,660Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$113,958
Rent-to-Value Ratio: 0.72%
Rent Estimate
$750 /month
Positive
Cash Flow Estimate:
$250 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$188/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,815
$87,660
2025
$5,380
$90,010
$95,390
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2025
$1,815
$87,660

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$87,660
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: Kermit

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117 W Austin St | Property Details | No Agent List