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$244,980

NAL Estimated Property Value

1335 Milam Street, Mexia, TX, 76667

Off MarketInfo
Beds Beds
Baths Bath
Baths15,215 Sq Ft
Year BuiltBuilt in 1970

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Exterior FeaturesStorage, Other

Land Information

APNR21674
Lot Number9-14
Land UseCommercial
Legal DescriptionCAPPS ADDITION MEXIA, BLOCK A, LOT 009 - 014, (E/2 OF 9)
Census Tract970200
Assessed Land Value$85,400
Assessed Improvement Value$159,580
Assessment Year2024

About this property

COMMERCIAL SITE ON HIGHWAY 84 NEAR WALMART IN MEXIA. This approximate 1.9+or- acre site currently has 6 different Tenant buildings, a huge common parking lot and more unimproved fenced acreage behind the buildings. With about approximately 319' of Highway 84 frontage, this is the perfect location for new construction of a Hotel, Office Center, Strip Mall or pad sites for Chain Restaurants. Highway 84 will partially be expanded by TxDOT in the near future creating 4 lanes running East and West and a turn lane in the center creating better traffic flow upon completion. As you see from the aerial photos, the property lies in the center of national chains such as Wal Mart, AT&T, Aaron's Rent To Own, Auto Zone, Cato, Cash Express, Best Western, Hibbets, Woodson's, etc. The Property is currently all electric but there are existing gas lines and meters onsite. Additionally, Chic A Doodles Clothing Resale Business with merchandise and fixtures is negotiable with the Owner.

Investor Tools

Property Icon
$244,980
Estimated Property Value
$0Estimated Mortgage Balance
$244,980Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,774 /month
Positive
Cash Flow Estimate:
$1,258 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$649/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,563
$244,980
2024
$85,400
$159,580
$244,980
No

Tax History

Year
Tax Paid
Assessed Value
2022
$6,563
$244,980

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$244,980
100%
0%
$0/mo

City: Mexia

1335 Milam Street | Property Details | No Agent List