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$103,400

NAL Estimated Property Value

218 E Hoffman Ave, Kingsville, TX, 78363

$134,420 ARVInfo
Off MarketInfo
CommercialInfo
Baths0 Bath
Baths6,033 Sq Ft
IndustrialIndustrial
price_per_sqft$22.38 / sqft
Year BuiltBuilt in 1925

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size13,996 sqft

Building Information

Year Built1925

Land Information

APN21928
Lot Number24-27
Land UseCommercial
Legal DescriptionHOFFMAN, BLOCK 5, LOT 24-27
Census Tract020402
Assessed Land Value$17,600
Assessed Improvement Value$85,800
Assessment Year2025

About this property

Investors and buyers alike, seize the opportunity at 218 East Hoffman Avenue! This property offers versatile financing options including owner finance and subject to arrangements. Boasting 1,242 sqft of living space, this charming 2-bedroom, 1-bath home currently yields $850 per month in rent. In addition, there are 13 vacant storage units on-site, presenting a lucrative opportunity for additional income with proper management. Conveniently zoned as R2, this property offers flexibility for various uses. Whether you're looking to invest, generate rental income, or enjoy the comfort of a cozy home with extensive storage options, this property ticks all the boxes. The storage units cater to diverse needs, featuring utility trailer garages and concrete-floored spaces among others. Don't miss out on this chance to maximize your investment potential and secure a property that offers both immediate returns and long-term value.

Investor Tools

Property Icon
$103,400
Estimated Property Value
$73,879Estimated Mortgage Balance
$29,521Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$134,420
Rent-to-Value Ratio: 0.72%
Rent Estimate
$810 /month
Positive
Cash Flow Estimate:
$270 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$303/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,114
$103,400
2025
$17,600
$85,800
$103,400
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2025
$3,114
$103,400

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Community Bank (Lexington)
Commercial
$80,750
No
First
Oct 26, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$73,879
$29,521
28%
71%
$485/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: Kingsville

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218 E Hoffman Ave | Property Details | No Agent List