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$665,000

1715 S Morgan St, Granbury, TX, 76048

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths3,451 Sq Ft
OfficeOffice
Year BuiltBuilt in 2005

Highlights

Interior

Bathrooms 0Bathrooms 0
Garage AvailableGarage Available
FlooringCarpet, Stone

Exterior

Lot Size29,490 sqft

Building Information

Year Built2005
Stories2
Garage Spaces6

Land Information

APN20348.000.2530.0
SubdivisionMilam Co - Abst 348
Land UseCommercial
Legal DescriptionACRES: 0.677 ABST: MILAM CO - ABST 348
Census Tract160211
Assessed Land Value$206,430
Assessed Improvement Value$335,660
Assessment Year2025

About this property

Looking for an office that makes a strong, professional statement? This high-visibility commercial property offers an ideal setting for medical or professional offices with easy access, private parking, and excellent exposure. Designed for both owner-users and investors, the building provides excellent income-producing potential in a prime location A unique bonus is the attached two-story 2 bedroom, 2 bath apartment—ideal for additional rental income, on-site living, or executive housing. A 3-car garage adds convenience, covered parking, and extra storage. Well-suited for medical practices, professional services, or investors seeking flexibility and long-term value. Offered for Sale or Lease, this property presents a rare opportunity to combine office space with residential income in a highly visible location.

Investor Tools

Property Icon
$542,090
Estimated Property Value
$300,000Estimated Mortgage Balance
$245,588Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,990 /month
Positive
Cash Flow Estimate:
$1,330 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$942/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,588
$542,090
2025
$206,430
$335,660
$542,090
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2025
$8,588
$542,090

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Tejas Bank
Commercial
$300,000
No
First
Sep 15, 2025
Jun 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$296,502
$245,588
45%
55%
$1,799/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: Granbury

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