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$419,000

NAL Estimated Property Value

1346 Polk Rd, Bowie, TX, 76230

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,980 Sq Ft
price_per_sqft$126.21 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 1Bathrooms Half 1
AppliancesNone

Exterior

Lot Size1.92 acres

Building Information

Year Built1945

Land Information

APNR000000854
Lot Number1
SubdivisionDorothy S/D
Land UseResidential
Legal DescriptionACRES: 1.920 PART OF LOT 1 DOROTHY S/D
Census Tract950401
Assessed Land Value$13,440
Assessed Improvement Value$137,310
Assessment Year2025

About this property

Versatile 1.94-acre property conveniently located outside Bowie- corner of Polk & Hwy 81. Property features a 2,060 SF shop with residential zoning. Currently utilized for oil field services and house as a rental property. House recent updates, new flooring, new metal roof, new paint. Property offers excellent potential for business use while maintaining residential classification. Ideal for residential+ shop, or entrepreneurs, contractors, or service-based operations needing space, access, & flexibility.

Investor Tools

Property Icon
$419,000
Estimated Property Value
$175,472Estimated Mortgage Balance
$243,528Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,514 /month
Positive
Cash Flow Estimate:
$838 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$237/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$748
$150,750
2025
$13,440
$137,310
$150,750
No

Tax History

Year
Tax Paid
Assessed Value
2025
$748
$150,750

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank
Purchase Money Mortgage
$180,000
No
First
Dec 6, 2024
Dec 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$175,472
$201,528
53%
42%
$1,080/mo

Learn About the Market: Opportunity in Texas

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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: Bowie

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1346 Polk Rd | Property Details | No Agent List