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$207,000

NAL Estimated Property Value

206 S COMMERCIAL DRIVE, Devine, TX, 78016

$269,100 ARVInfo
Off MarketInfo
CommercialInfo
Beds1 Beds
Baths2 Bath
Baths3,000 Sq Ft
Mixed UseMixed Use
price_per_sqft$125 / sqft
Year BuiltBuilt in 1906

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 2Bathrooms Full 2

Exterior

Lot Size3,794 sqft

Building Information

Year Built1906
Stories2

Land Information

APN14502
Lot Number7,8
SubdivisionDevine
Land UseResidential
Legal DescriptionDEVINE BLOCK 13 LOT 7 & 8 PARTS OF
Census Tract000801
Assessed Land Value$13,540
Assessed Improvement Value$182,320
Assessment Year2025

About this property

"THE OPERA HOUSE" in Devine! Historic building in downtown area of Devine, TX. Fronting on Commercial Drive in front and Bright Drive in back - a classic old building with tons of history waiting to be rejuvenated. Upstairs apartment/downstairs retail. No historic building restrictions are in place - ready to again be THE iconic building in an up and coming downtown area. Some upgrades with fixtures. 4 HVAC systems.

Investor Tools

Property Icon
$207,000
Estimated Property Value
$0Estimated Mortgage Balance
$207,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$269,100
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$379/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,512
$195,860
2025
$13,540
$182,320
$195,860
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,512
$195,860

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$207,000
100%
0%
$0/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: Devine

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206 S COMMERCIAL DRIVE | Property Details | No Agent List