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Days398Days on Market
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$245,900

1505 N Banks St, Pampa, TX, 79065

On MarketInfo
CommercialInfo
Baths6,085 Sq Ft
Year BuiltBuilt in 1940

Highlights

Interior

FlooringCarpet, Tile

Exterior

Lot Size11,631 sqft

Building Information

Year Built1981

Land Information

APN110307450010010000000
Lot Number1
Land UseCommercial
Legal DescriptionLOT 1 &S20 OF 2 BLK 1 TERRA ALTA 1501 & 1505 N BANKS
Census Tract950400
Assessed Land Value$27,330
Assessed Improvement Value$52,290
Assessment Year2025

About this property

Professional office building centrally located in Pampa, offering an ideal setup for a variety of business needs. This well-maintained property features a welcoming reception area, multiple private offices for individual or team use, and spacious filing rooms perfect for document storage and organization. The building boasts a durable stucco exterior, providing both curb appeal and low maintenance. Conveniently situated in a central location, this office offers excellent accessibility for clients and staff. Perfect for businesses seeking a functional, attractive, and accessible workspace in the heart of Pampa. Ready for immediate occupancy-schedule your tour today!

Investor Tools

$0Estimated Mortgage Balance
$79,620Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,475 /month
Positive
Cash Flow Estimate:
$492 /month

Interested in this property?

Linda Laycock

Panhandle Plains Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$201/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,018
$79,620
2025
$27,330
$52,290
$79,620
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,018
$79,620

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$79,620
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

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.

Explore Texas Explore This Area
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: Pampa

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1505 N Banks St | Property Details | No Agent List