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$1,410,000

NAL Estimated Property Value

217 Laurence Dr, Heath, TX, 75032

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths2,663 Sq Ft
OfficeOffice
Year BuiltBuilt in 1977

Highlights

Interior

Bathrooms 0Bathrooms 0
Garage AvailableGarage Available
FlooringCarpet, Tile, Wood

Exterior

Lot Size2.86 acres

Building Information

Year Built1977
Stories1
Roof Type127
Garage Spaces2

Land Information

APN0207-0000-0022-00-0R
SubdivisionE Teal
Land UseResidential
Legal DescriptionA0207 E TEAL, TRACT 22, ACRES 2.8575
Census Tract040507
Assessed Land Value$568,643
Assessed Improvement Value$275,970
Assessment Year2025

About this property

Prime Downtown Heath Commercial Property – Nearly 3 Acres! This expansive property, nestled in the heart of downtown Heath, offers a unique opportunity for commercial development. Boasting nearly 3 acres of land, this site presents an ideal canvas for a range of possibilities. The existing home on the premises could be repurposed into office space, providing a convenient and character-filled setting for a professional environment. Alternatively, with the potential to tear down the existing structure, this parcel is perfectly suited for the construction of a custom commercial building to meet your specific needs. Don't miss out on this rare chance to secure a prominent location with abundant space for your commercial vision to take shape in the dynamic downtown area of Heath!

Investor Tools

Property Icon
$1,410,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,410,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,600 /month
Positive
Cash Flow Estimate:
$3,200 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,889/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,619
$844,613
2025
$568,643
$275,970
$844,613
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,619
$844,613

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,410,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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: Heath

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217 Laurence Dr | Property Details | No Agent List