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Days139Days on Market
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$350,000

120 Witherspoon Avenue, Hereford, TX, 79045

On MarketInfo
CommercialInfo
Baths0 Bath
Baths7,388 Sq Ft
price_per_sqft$47.37 / sqft

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringConcrete

Exterior

Lot Size30,000 sqft

Land Information

APN4894
Lot Number9-12
Land UseCommercial
Legal DescriptionWHITEHEAD, BLOCK 25, LOT 9-12
Census Tract950500
Assessed Land Value$45,000
Assessed Improvement Value$186,700
Assessment Year2024

About this property

PRIME COMMERCIAL OPPORTUNITY in the City of Hereford! Commercial properties like this are rarely available. Located just one block off Highway 60 this property offers excellent access and visibility. Situated on 0.6887 acres with full fencing, the property features a metal and block exterior, four overhead doors, one restroom, a space heater, an oil heater, and an additional garage currently used as a parts room. Ample parking is available both in front of the building and within the gated lot. Inside, you'll find two office areas, with flexibility to use one as a break room if desired. Previously operated as a mechanic shop, the property also lends itself well to warehouse or storage use. All utilities are city services, no septic or well concerns. Call to schedule an appointment today!

Investor Tools

Property Icon
$231,700
Estimated Property Value
$0Estimated Mortgage Balance
$231,700Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,100 /month
Positive
Cash Flow Estimate:
$700 /month

Interested in this property?

Lisa Orosco

Moreland Real Estate Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$514/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,013
$231,700
2024
$45,000
$186,700
$231,700
No

Tax History

Year
Tax Paid
Assessed Value
2022
$5,013
$231,700

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$231,700
100%
0%
$0/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: Hereford

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120 Witherspoon Avenue | Property Details | No Agent List