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$25,500

NAL Estimated Property Value

219 Clay Street, Nocona, TX, 76255

Off MarketInfo
CommercialInfo
Baths9,553 Sq Ft
Year BuiltBuilt in 1980

Highlights

Interior

FlooringCeramic Tile, Combination

Building Information

Year Built1970

Land Information

APNR000003144
Lot Number2,3
SubdivisionOrig Nocona
Land UseCommercial
Legal DescriptionLOT 2-3 BLK 9 ORIG NOCONA (85 % COMPLETE FOR 2023)
Census Tract950300
Assessed Land Value$25,500
Assessment Year2025

About this property

The Red River Station Inn offers a owners suite with full kitchen and bath plus eleven well-appointed rooms, each uniquely decorated to showcase the town's rich history and tell the story of the unique characters of Montague County. Located in Historic Downtown Nocona, this 9,245 sq ft boutique hotel is in a prime location with easy access to many local shops and downtown festivities. The second story has a bar and a balcony overlooking the main thoroughfare where many annual community events occur. The balcony becomes a prime spot to witness parades, local celebrations, making it a front-row seat to the cultural heart of Nocona. This hotel has been operational by the current owners for 10 years and boasts a gift shop that could be converted into another small business or as a leasing opportunity. This is a turnkey business with a great track record and top rated TripAdvisor reviews along with a excellent reputation. Don’t miss your chance to make this business your very own!

Investor Tools

Property Icon
$25,500
Estimated Property Value
$0Estimated Mortgage Balance
$25,500Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,370 /month
Positive
Cash Flow Estimate:
$1,790 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,097/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,035
$25,500
2025
$25,500
N/A
$25,500
No

Tax History

Year
Tax Paid
Assessed Value
2025
$13,035
$25,500

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$25,500
100%
0%
$0/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: Nocona

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219 Clay Street | Property Details | No Agent List