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$225,000

1605 1/2 N Center Street, Bonham, TX, 75418

Off MarketInfo
CommercialInfo
Baths3,760 Sq Ft
BusinessBusiness
Year BuiltBuilt in 1960

Highlights

Interior

FlooringConcrete

Exterior

Lot Size10,276 sqft

Land Information

APN71338
Land UseCommercial
Legal DescriptionA0112 H BURKHARDT, ACRES .2359
Census Tract950401
Assessed Land Value$57,710
Assessed Improvement Value$123,930
Assessment Year2025

About this property

Prime business location in a high traffic area close to Hwy 82. This 2700 sq ft commercial property includes multiple garage bays, an office space, extra workshop space and covered parking for equipment. This property has a private drive way entrance from Center Street, a paved parking lot and a fenced gravel lot with frontage on Main Street. Tools and equipment within the property may be negotiated. Tons of opportunities for any number of commercial uses.

Investor Tools

Property Icon
$181,640
Estimated Property Value
$0Estimated Mortgage Balance
$181,640Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,350 /month
Positive
Cash Flow Estimate:
$450 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$383/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,683
$181,640
2025
$57,710
$123,930
$181,640
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,683
$181,640

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$181,640
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: Bonham

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1605 1/2 N Center Street | Property Details | No Agent List