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$168,170

NAL Estimated Property Value

1601 S Oak Avenue, Mineral Wells, TX, 76067

Off MarketInfo
CommercialInfo
Baths9,198 Sq Ft
price_per_sqft$23.81 / sqft
Year BuiltBuilt in 1967

Highlights

Interior

FlooringVinyl

Exterior

Lot Size43,212 sqft

Building Information

Year Built1967

Land Information

APN151260000
Lot Number5-8
SubdivisionLawn Place #1
Land UseCommercial
Legal DescriptionLAWN PLACE #1 BLK 22 PT OF LOTS 5,8,9,14 & 18 & ALL 6,7,15,16,17 & CLOSED 15 FT ALLEY / PT IN AB 1849 --- G#L0500-01-00220-00
Census Tract000800
Assessed Land Value$82,660
Assessed Improvement Value$85,510
Assessment Year2025

About this property

OPPORTUNITY ZONE!! There is great opportunity in this family supermarket less than a mile from booming Downtown Mineral Wells with appx 475 ft of US Hwy frontage! 3 Phase Electric! Open your own supermarket, farmers market, restaurant, or maybe even a skating rink?! Let your imagination run wild with this one... This 9000+ sq ft building was built with pride and of high quality for its time... Solid slab foundation, I-Beam construction, loading dock, walk-in freezers, just to name a few. Property does need some TLC, but is a great value at this price! BONUS - 3 lots across the highway can be purchased with this property at an additional cost. Check this out today! While all information in this listing is deemed reliable, it is not guaranteed and should be independently verified.

Investor Tools

Property Icon
$168,170
Estimated Property Value
$0Estimated Mortgage Balance
$168,170Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,314 /month
Positive
Cash Flow Estimate:
$438 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$391/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,848
$168,170
2025
$82,660
$85,510
$168,170
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,848
$168,170

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$168,170
100%
0%
$0/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: Mineral Wells

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1601 S Oak Avenue | Property Details | No Agent List