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$490,000

1629 State Highway 50, Commerce, TX, 75428

Off MarketInfo
CommercialInfo
Baths1,485 Sq Ft
RetailRetail
Year BuiltBuilt in 1983

Highlights

Interior

FlooringConcrete

Exterior

Lot Size23,784 sqft

Building Information

Year Built1983
Stories1
Roof Type105

Land Information

APN0781-0210-0000-31
SubdivisionMilsap J
Land UseCommercial
Legal DescriptionA0781 MILSAP J,TRACT 21, ACRES .546
Census Tract960100
Assessed Land Value$178,380
Assessed Improvement Value$217,360
Assessment Year2025

About this property

Excellent opportunity to own a commercial property located across the street from Texas A&M Commerce. This property is currently used for retail but could be converted to a convince store, gas station, restaurant the possibilities are endless. It features an open plan with office space and still has the original walk in refrigerator. Property sits on .5 acres plenty of room for expanding your business. Owner willing to finance with terms.

Investor Tools

Property Icon
$312,912
Estimated Property Value
$340,000Estimated Mortgage Balance
$0Estimated Equity
-9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,940 /month
Positive
Cash Flow Estimate:
$980 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$691/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,722
$312,912
2025
$178,380
$217,360
$395,740
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,722
$312,912

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Austin Bank
Unknown
$340,000
No
First
Sep 8, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$323,487
N/A
0%
103%
$2,039/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.

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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: Commerce

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1629 State Highway 50 | Property Details | No Agent List