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Days42Days on Market
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$450,000

212 N 1st Street, Garland, TX, 75040

On MarketInfo
CommercialInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size18,190 sqft

Land Information

APN26444700000020000
Lot Number2
SubdivisionPartner's
Land UseCommercial
Legal DescriptionPARTNER'S LT 2 ACS 0.4176 INT201800235317 DD08292018 CO-DC 4447000000200 2CG44470000
Census Tract018204
Assessed Land Value$145,520
Assessment Year2025

About this property

Prime commercial development opportunity in the heart of Garland. Offering approximately 0.545 acres of highly visible commercial land with exceptional access from both N. First Street (SH 78) and E. State Street, this site provides a rare combination of visibility, accessibility, and development flexibility. Positioned along a major commercial corridor, the property benefits from strong traffic exposure and is surrounded by established national and regional retailers, restaurants, and service businesses. The location offers convenient access to Downtown Garland while maintaining excellent connectivity to surrounding commercial districts. The site is well-suited for a variety of potential uses including medical, office, retail, restaurant, mixed-use, and other commercial development opportunities, subject to City of Garland approvals. A unique opportunity to acquire a strategically located commercial site in one of Garland's most active and growing corridors.

Investor Tools

Property Icon
$145,520
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,700 /month
Positive
Cash Flow Estimate:
$900 /month

Interested in this property?

Beckye Evans

Coldwell Banker Apex, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$125/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$777
$145,520
2025
$145,520
N/A
$145,520
No

Tax History

Year
Tax Paid
Assessed Value
2025
$777
$145,520

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Veritex Community Bank
Unknown
$395,000
No
First
Sep 29, 2006
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$190,030
N/A
0%
131%
$2,369/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: Garland

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212 N 1st Street | Property Details | No Agent List