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$246,000

NAL Estimated Property Value

1313 S Commerce St, Lockhart, TX, 78644

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths796 Sq Ft
price_per_sqft$94.22 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Deal ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
Garage AvailableGarage Available
Heating Space/SuspendedHeating Space/Suspended
CoolingCooling
AppliancesFree Standing Range
FlooringTile

Exterior

Exterior FeaturesNone
Lot Size6,011 sqft

Building Information

Year Built1940
Stories1
Garage Spaces2

Land Information

APN0300009-010-200-00
SubdivisionGeorge, James
Land UseResidential
Legal DescriptionA009 GEORGE, JAMES, ACRES .138
Census Tract960200
Assessed Land Value$27,110
Assessed Improvement Value$37,060
Assessment Year2025

About this property

Endless opportunity and possibility with this 2/1 right in the midst of Lockhart's hustle and bustle! All city utilities and situated on a shady lot on the south side of town, this home has been vacant for several years. Home is in need of TLC, but with the current zoning of CHB, it lends itself to many valuable uses. Refer to City of Lochkhart's Code of Ordinances for all of the prospective uses in the Commercial-Heavy Business District as well as Sec. 64-61 for Nonconforming Uses to continue using for residential purposes. The surrounding area is a mixture of residential use as well as businesses on the same block and across the street. A commercial property in the city limits at this price point is very rare. Reonvate the current home into your sales office or store front or start with a clean slate and build from the ground up! Your opportunity awaits!

Investor Tools

Property Icon
$246,000
Estimated Property Value
$787,233Estimated Mortgage Balance
$246,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,476 /month
Positive
Cash Flow Estimate:
$492 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$221/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,428
$64,170
2025
$27,110
$37,060
$64,170
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,428
$64,170

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rain City Capital Llc
Unknown
$94,500
No
First
Jun 21, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$787,233
N/A
0%
320%
$4,884/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,626/mo
$4,884/mo
$-3,258/mo
7.9%

City: Lockhart

1313 S Commerce St | Property Details | No Agent List