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$877,000

NAL Estimated Property Value

206 E Pearl Street, Granbury, TX, 76048

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths4,050 Sq Ft
BusinessBusiness
Year BuiltBuilt in 1890

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringConcrete, Wood

Exterior

Lot Size6,926 sqft

Building Information

Year Built1890
Stories1

Land Information

APN15300.003.0008.1
Lot Number1-2
SubdivisionOriginal Town
Land UseCommercial
Legal DescriptionACRES: 0.159 LOT: PT 1 PT 2 & PT 8 BLK: 3 SUBD: ORIGINAL TOWN
Census Tract160100
Assessed Land Value$138,520
Assessed Improvement Value$738,480
Assessment Year2025

About this property

Prime commercial opportunity in the heart of Granbury! Positioned on one of the city’s highest traffic count streets and steps from the iconic Historic Granbury Square, this 4,050 SF property offers exceptional visibility, accessibility, and investment potential. Currently operating as a brew house, the building presents a rare chance to acquire a high-exposure commercial asset in one of Granbury’s most sought-after corridors. Surrounded by thriving retail, dining, tourism, and downtown activity, this versatile property is ideally suited for hospitality, restaurant, brewery, retail, or adaptive commercial use. Its strategic location combines strong daily traffic with the charm and draw of Granbury’s historic district, creating a powerful blend of commerce and character. Whether expanding an existing concept or launching something new, this is a standout opportunity in a premier growth market. Currently, this property is under a commercial lease that desires to remain in the location. This is an investor opportunity that should not be overlooked.

Investor Tools

Property Icon
$877,000
Estimated Property Value
$170,972Estimated Mortgage Balance
$706,028Estimated Equity
80% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,550 /month
Positive
Cash Flow Estimate:
$1,850 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,523/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,893
$877,000
2025
$138,520
$738,480
$877,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$13,893
$877,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First National Bank Of Granbury
Unknown
$200,000
No
First
Feb 6, 2019
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$170,972
$706,028
80%
19%
$1,200/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: Granbury

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206 E Pearl Street | Property Details | No Agent List