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$471,000

NAL Estimated Property Value

12216 Cleveland Gibbs Rd, Roanoke, TX, 76262

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths3,300 Sq Ft
price_per_sqft$146.97 / sqft
Year BuiltBuilt in 1975

Highlights

Interior

Bathrooms 0Bathrooms 0
Heating GasHeating Gas
FlooringCarpet, Concrete, Laminate, Other

Exterior

Lot Size35,475 sqft

Building Information

Year Built1990
Stories1
Roof Type105

Land Information

APNR68531
SubdivisionA. M. Gaultney
Land UseResidential
Legal DescriptionA0501A A. M. GAULTNEY, TR 54, 0.8144 ACRES, OLD DCAD TR 2(31)
Census Tract020322
Assessed Land Value$127,804
Assessed Improvement Value$11,993
Assessment Year2025

About this property

This unique corner property presents a rare opportunity to own a well-maintained home on a .8144-acre lot, conveniently located just a stone's throw away from the Texas Motor Speedway. Outside city limits, yet remains within easy reach of all the amenities and attractions that the area has to offer. One of the standout features of this property is the large shops with multiple bays, which offer endless possibilities for use and customization. Whether you're looking to use the space for a home business, a car enthusiast's dream garage, or simply as a place to store your prized possessions, these shops are sure to impress. The multiple bays make it easy to accommodate multiple vehicles or equipment, while the ample square footage means that you'll have plenty of room to work and play. Overall, this property is a rare find, offering a combination of convenient location, ample living space, and versatile shops and outdoor amenities that are sure to impress.

Investor Tools

Property Icon
$471,000
Estimated Property Value
$293,869Estimated Mortgage Balance
$177,131Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,910 /month
Positive
Cash Flow Estimate:
$970 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$238/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$500
$139,797
2025
$127,804
$11,993
$139,797
No

Tax History

Year
Tax Paid
Assessed Value
2024
$500
$139,797

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Commercial
$302,400
No
First
Oct 8, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$293,869
$177,131
37%
62%
$1,814/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: Roanoke

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12216 Cleveland Gibbs Rd | Property Details | No Agent List