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$119,969

NAL Estimated Property Value

216 S Colket Street, Kerens, TX, 75144

$155,960 ARVInfo
Off MarketInfo
CommercialInfo
Baths0 Bath
Baths6,902 Sq Ft
price_per_sqft$6.52 / sqft
Year BuiltBuilt in 1925

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringWood

Exterior

Lot Size7,013 sqft

Building Information

Year Built1925
Stories1

Land Information

APN31668
SubdivisionKerens Ot
Land UseCommercial
Legal DescriptionK0100 KERENS OT BLK 72 LOT NORTH 25' OF 8 & S 25' OF 5 .161 ACRES (50 X 140) (50 X 140)
Census Tract970600
Assessed Land Value$9,800
Assessed Improvement Value$246,540
Assessment Year2025

About this property

AUCTION JAN 25! INCREDIBLE OPPORTUNITY to own a bit of Texas history in downtown Kerens, Texas. Americana perfection with red brick streets, located on the downtown square, buzzing with car shows, fish fries, the Cotton Festival and Veterans Day programs. Located 1+ hour south of Dallas, near popular weekend destinations of Lake Richland Chambers and Cedar Creek Lake. The City has revitalized downtown with Veterans memorial, city park, and razing condemned bldgs. The historically significant P.N. Stockton building was built in 1925, originally a furniture store, this space is rich with original long plank pine wood floors, exposed original brick, and original plaster walls, stunning structurally sound staircase with two beautiful balconies, original metal ceiling tiles in great condition, and picturesque storefront windows. Solid metal beams and support down center of bldg allow for the space to be divided for two separate tenants.

Investor Tools

Property Icon
$119,969
Estimated Property Value
$443,419Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$155,960
Rent-to-Value Ratio: 0.72%
Rent Estimate
$720 /month
Positive
Cash Flow Estimate:
$240 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$227/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,127
$119,969
2025
$9,800
$246,540
$256,340
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,127
$119,969

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Stearns Bank Na
Unknown
$450,000
No
First
Jul 24, 2025
Jul 2030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$443,419
N/A
0%
370%
$2,698/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: Kerens

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216 S Colket Street | Property Details | No Agent List