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$385,000

1421 Airport Road, Sulphur Springs, TX, 75482

$500,500 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,526 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$152.41 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Gas Range, Refrigerator
FlooringOther, Vinyl

Exterior

Lot Size3.88 acres

Building Information

Year Built1920

Land Information

APNR000005672
Lot Number1,2
SubdivisionLevi P Dikes Survey A-
Land UseResidential
Legal DescriptionACRES: 3.879 LOT W PT LT 1 & LT 2 BLK 118 TOWN: SULPHUR SPRINGS
Census Tract950301
Assessed Land Value$69,820
Assessed Improvement Value$152,280
Assessment Year2025

About this property

SO MUCH POTENTIAL for commercial or residential use! 1421 Airport rd offers an exceptional opportunity for a variety of types of uses and or development adjacent to the Sulphur Springs airport. The property is 3.8 acres and was recently rezoned to light commercial and per city could also be grandfathered in as existing residential use! So you can live there and or have a business. The existing 1920’s home, available for immediate use has exceptional charm w tall ceilings, covered porch w swing and could easily become a quaint restaurant, business office, medical office or homestead. Local contractor has walked through the home and has a great envision on how to further open it up for retail or office space if so desired. The property borders airport property on 2 sides, one being the only secondary entry into the airport, Cessna Rd. Lot dimensions are 353 x 416 ft. The local municipal airport is known as KSLR, has a 5,001 ft runway, has both pavement and turf runways, and is seeking the credentials of water landing into the Sulphur Springs Lake. Nice FBO on site and famous fly in red barn cafe across the street. See a full list amenities at www.slr.aero. The airport is also home to airplane manufacturer American Legend aircraft. Airport Rd crosses Highway 19 and enters directly into the rapidly growing Hospital District. Property currently has leach septic that will need replaced with a clear water system. City sewer doesn’t currently run to the property. Plenty of field available for growth on a clear water system. 2 very large pecan trees and a small pit pond give this original dairy farm historical character. This is a prime opportunity to be a part of the booming growth of the Sulphur Springs area and could be used as is or entire site redeveloped into commercial or multi use development!

Investor Tools

$227,218Estimated Mortgage Balance
$104,782Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$500,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,310 /month
Positive
Cash Flow Estimate:
$770 /month

Interested in this property?

Matt Calloway

Calloway Real Estate LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$226/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,047
$222,100
2025
$69,820
$152,280
$222,100
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,047
$222,100

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranty Bank & Trust
Commercial
$232,000
No
First
Apr 24, 2025
Apr 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$227,218
$104,782
31%
68%
$1,391/mo

City: Sulphur Springs

1421 Airport Road | Property Details | No Agent List