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$87,410

NAL Estimated Property Value

215 E Pacific, Gladewater, TX, 75647

Off MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths7,909 Sq Ft
Year BuiltBuilt in 1955

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

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

Property Icon
$87,410
Estimated Property Value
$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

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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

City: Gladewater

215 E Pacific | Property Details | No Agent List