Last 24 Hours
$200,000
118 E 4th St, Bishop, TX, 78343
On Market
Just Added
Commercial
— Beds
— Bath
1,600 Sq Ft
Retail
$125 / sqft
Built in 2001Highlights
Interior
Bedrooms —
Bathrooms —Exterior
Lot Size22,303 sqft
Land Information
APN0696-0015-0151
Lot Number15-20
SubdivisionBishop T/S
Land UseIndustrial
Legal DescriptionBISHOP T/S S/2 OF LTS 15 THRU 17 & ALL LTS 18 THRU 20 BLK 15
Census Tract006100
Assessed Land Value$20,092
Assessed Improvement Value$112,839
Assessment Year2025
About this property
Great commercial opportunity in Bishop, Texas! This approximately 1,600 sq. ft. building is in great condition and offers a versatile layout ready for its next business venture. Formerly operated as a drive-through retail store, the property provides a unique setup with convenient vehicle access while offering an open canvas for a variety of commercial uses.
Investor Tools
$36,830Estimated Mortgage Balance
$96,101Estimated Equity
72% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,200 /month
Positive
Cash Flow Estimate:
$400 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$312/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,081
$132,931
2025
$20,092
$112,839
$132,931
Yes (2018)
Tax History
Year
Tax Paid
Assessed Value
2024
$3,081
$132,931
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Community Bank (Lexington)
Unknown
$55,719
No
First
Feb 28, 2012
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$36,830
$96,101
72%
28%
$335/mo
12.4%