Last 24 Hours
$69,880
NAL Estimated Property Value208 SE 2nd Street, Lamesa, TX, 79331
$90,844 ARV
Off Market
Commercial
— Beds
— Bath
1,440 Sq Ft
$69.1 / sqftHighlights
Interior
Bedrooms —
Bathrooms —FlooringOther
Exterior
Lot Size1.27 acres
Building Information
Year Built1942
Land Information
APN6690
Land UseCommercial
Legal DescriptionSEC 6 BLK 35T5N MCDONALD TRACT 185 X 300 (SE 2ND & AKRON)
Census Tract950500
Assessed Land Value$5,780
Assessed Improvement Value$64,100
Assessment Year2025
About this property
Great location and easy access to Hwy. 87. Ideal property for a variety of uses such as oilfield, manufacturing, warehouse, etc. With approx. 1440sf, the office bldg. comes with 2 acres and has a new roof, new flooring, 2 offices, reception area, kitchen/break room, and 1 1/2 bathrooms. The kitchen/break space could be used as a conference/meeting room, or has potential to be nightly sleeping quarters for drivers, workers, etc. *Additional acreage available for purchase.
Investor Tools
$69,880
Estimated Property Value
$0Estimated Mortgage Balance
$69,880Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$90,844
Rent-to-Value Ratio: 0.72%
Rent Estimate
$597 /month
Positive
Cash Flow Estimate:
$199 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$191/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,948
$69,880
2025
$5,780
$64,100
$69,880
No
Tax History
Year
Tax Paid
Assessed Value
2025
$1,948
$69,880
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$69,880
100%
0%
$0/mo
12.4%