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$203,040

NAL Estimated Property Value

205 N Spring St, Marfa, TX, 79843

$263,952 ARVInfo
Off MarketInfo
Beds— Beds
Baths— Bath
Baths2,860 Sq Ft
price_per_sqft$155.59 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
FlooringOther

Exterior

Lot Size6,752 sqft

Building Information

Year Built1940
Garage Spaces3

Land Information

APN131000000390001000000
Lot Number1
Land UseCommercial
Legal Description39, MARFA LOTS 1
Assessed Land Value$97,200
Assessed Improvement Value$105,840
Assessment Year2025

About this property

This fantastic property is situated in a highly sought-after location, right in the middle of Marfa's vibrant downtown. The corner lot is within the city limits, just a short walk from the courthouse and surrounded by bustling retail businesses. The property features a brand-new construction metal building, measuring 33x60 with 16-foot high ceilings, offering plenty of space for a wide variety of uses. The building sits on a solid concrete slab, with all-new electrical and plumbing installations, ensuring a modern, efficient setup. Inside, you'll find one bathroom and one office, with room to customize and expand. The location is ideal, with an existing tire sales and auto repair business on one side and a popular restaurant on the other. This prime spot opens up numerous possibilities for your vision-whether you're looking to open a bar, convert it into an art residence, create an Airbnb, or something else entirely. We're offering the property for sale with equipment included, or we can work with you to build to suit. The potential here is endless-don't miss out on this opportunity to own a piece of Marfa! Businesses not for sale but lease can stay in place. Great investment and income producing property.

Investor Tools

Property Icon
$203,040
Estimated Property Value
$0Estimated Mortgage Balance
$203,040Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$263,952
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,670 /month
Positive
Cash Flow Estimate:
$890 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$377/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,510
$203,040
2025
$97,200
$105,840
$203,040
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,510
$203,040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$203,040
100%
0%
$0/mo

City: Marfa

205 N Spring St | Property Details | No Agent List