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$350,000

215 E Pacific, Gladewater, TX, 75647

On MarketInfo
CommercialInfo
Baths0 Bath
Baths7,909 Sq Ft
OfficeOffice
Year BuiltBuilt in 1955

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size10,528 sqft

Building Information

Year Built1955
Stories2

Land Information

APN0700000005-007-00-01
Lot Number7-10
SubdivisionGladewater Ncb
Land UseCommercial
Legal DescriptionLTS 7 THRU 10 NCB 5 GLADEWATER & PT OF STREET
Census Tract010201
Assessed Land Value$10,530
Assessed Improvement Value$76,880
Assessment Year2025

About this property

So many opportunities in this large commercial space. The main floor can be modified to be pretty much anything. It currently has individual rooms for massage therapy. Downstairs there are 7 private rooms with curtains (one room has a solid door), private office, conference area, restrooms and laundry. There is warehouse type storage and stairs to the finished apartment upstairs. Upstairs is an efficiency apartment with kitchen, living, full bath (with tub and shower) and bedroom with large closet. Lots of parking outside on a busy corner lot in downtown. Breakdown of square footage is 6285 downstairs with 1624 upstairs.

Investor Tools

$26,371Estimated Mortgage Balance
$61,039Estimated Equity
69% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,100 /month
Positive
Cash Flow Estimate:
$700 /month

Interested in this property?

Lori Keebaugh

Keebaugh & Company

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$114/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$933
$87,410
2025
$10,530
$76,880
$87,410
No

Tax History

Year
Tax Paid
Assessed Value
2024
$933
$87,410

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Bank And Trust Co
Commercial
$50,000
No
First
Nov 16, 2007
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$26,371
$61,039
69%
30%
$300/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.

Explore Texas Explore This Area
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: Gladewater

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215 E Pacific | Property Details | No Agent List