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$452,650

1462 N Interstate 35 E, Lancaster, TX, 75134

Off MarketInfo
Baths0 Bath
Baths3,750 Sq Ft
Hotel/MotelHotel/Motel
price_per_sqft$127.87 / sqft
Year BuiltBuilt in 1987

Highlights

Interior

Bathrooms 0Bathrooms 0
Heating OtherHeating Other
CoolingCooling
FlooringConcrete

Exterior

Lot Size31,798 sqft

Building Information

Year Built1987
Stories1

Land Information

APN360025000A11R0000
Lot Number11R
SubdivisionBeckley City Lots
Land UseCommercial
Legal DescriptionBECKLEY CITY LOTS BLK A LT 11R ACS 0.730 INT202300257640 DD12222023 CO-DC 0025000A11R00 4CN0025000A
Census Tract016709
Assessed Land Value$127,190
Assessed Improvement Value$325,460
Assessment Year2025

About this property

Great location off of I35E North in Lancaster, across the highway from Desoto. Just south of I-20. In an area with new restaurants, retail shopping centers, hotels, and retail. This is currently a transmission shop, and is also offered for lease. Equipment is negotiable. Information on equipment is accessible in Transaction Desk. 9 bays, 9 rollup doors, and 6 lifts. The zoning is Commercial Highway, zoning information in Transaction Desk. The zoning is wide open and includes office, health club, bank, retail, restaurant, and animal clinic among many others.

Investor Tools

Property Icon
$452,650
Estimated Property Value
$367,500Estimated Mortgage Balance
$102,412Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,877 /month
Positive
Cash Flow Estimate:
$959 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,080/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,692
$452,650
2025
$127,190
$325,460
$452,650
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,692
$452,650

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of Desoto Na
Commercial
$367,500
No
First
Oct 22, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$350,238
$102,412
22%
77%
$2,204/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: Lancaster

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1462 N Interstate 35 E | Property Details | No Agent List