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$415,000

1244 Floyd Rd, Gilmer, TX, 75645

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,420 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$292.25 / sqft
Year BuiltBuilt in 1966

About this property

Positioned atop a hill with outstanding visibility and approximately 5.9 acres of prime Highway 300 frontage, this unique property offers incredible potential for both residential and commercial use. Located just outside the Gilmer city limits, you'll enjoy the flexibility of a high-traffic location while remaining close to all the conveniences of town. The existing home is functional and can be lived in, rented, or utilized as office space while you develop your vision. Whether you're looking to establish a business, create a commercial investment, or secure a highly desirable tract for future development, this property provides endless possibilities. Properties with this combination of acreage, elevation, highway exposure, and location are becoming increasingly difficult to find. The hilltop setting provides excellent visibility, making it an ideal location for a variety of commercial ventures, while still offering the option to maintain it as a private residence. If you've been searching for a property with exceptional potential in one of Gilmer's most sought-after growth corridors, this is an opportunity you won't want to miss. Schedule your private showing today and imagine the possibilities.

Investor Tools

$0Estimated Mortgage Balance
$415,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,490 /month
Positive
Cash Flow Estimate:
$830 /month

Interested in this property?

Laura McDaniel

Ember Realty

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Financing Details

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

City: Gilmer

1244 Floyd Rd | Property Details | No Agent List