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$1,446,990

120 W Mlk Jr Industrial Blvd, Lockhart, TX, 78644

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths13,293 Sq Ft
price_per_sqft$104.94 / sqft
Year BuiltBuilt in 1999

Highlights

Interior

Bathrooms 0Bathrooms 0
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size2.10 acres

Building Information

Year Built1999
Stories1

Land Information

APN0300622-000-001-00
Lot Number1
SubdivisionZibilski Subd
Land UseCommercial
Legal DescriptionZIBILSKI SUBD, BLOCK A, LOT 1, ACRES 2.1
Census Tract960200
Assessed Land Value$196,670
Assessed Improvement Value$1,250,320
Assessment Year2025

About this property

This location has been Hometown Cinema since it was originally constructed. it's a metal building on a slab and currently operating as a theatre. There are other potential uses; zoning is Commercial heavy business. The elevations in the six viewing studios can be easily removed to convert back to a flat slab. The building has handicap access and bathrooms are handicap accessible Potential uses are many; classrooms, event center, restaurant conversion and so on. There are 104 parking spaces; land is 2.1 acres. Just off Highway 183 very near the Caldwell County Judicial Center, Wal-Mart, Plum Creek Plaza, and Lockhart's airport. Think outside the box on this listing! Shown only by appointment. Do not approach the staff or go in the building without notice.

Investor Tools

Property Icon
$1,446,990
Estimated Property Value
$1,100,000Estimated Mortgage Balance
$494,089Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,682 /month
Positive
Cash Flow Estimate:
$2,894 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,852/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$26,989
$1,446,990
2025
$196,670
$1,250,320
$1,446,990
No

Tax History

Year
Tax Paid
Assessed Value
2024
$26,989
$1,446,990

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Grimes Land Co Ltd Co
Unknown
$1,100,000
No
First
Aug 31, 2019
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$954,969
$492,021
34%
66%
$6,596/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: Lockhart

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120 W Mlk Jr Industrial Blvd | Property Details | No Agent List