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$420,000

220 W Lipan Dr, TX, 76462

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths8,631 Sq Ft
BusinessBusiness
Year BuiltBuilt in 1985

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringCarpet, Concrete

Exterior

Lot Size1.83 acres

Building Information

Year Built1985
Stories1

Land Information

APN20166.001.0730.2
Land UseCommercial
Legal DescriptionACRES: 1.826 ABST: I EAVES - ABST 166
Census Tract160302
Assessed Land Value$63,910
Assessed Improvement Value$367,970
Assessment Year2025

About this property

Great Commercial-Residential Property Located in Lipan City Limits between Dollar General and the City Softball and Little League Fields. Perfect road frontage on West Lipan Dr with endless possibilities as Commercial, Retail, Wholesale, Daycare, Entertainment, Office Space, Restaurant, Residential (currently 2 BR-1 B), Church (building originally built for a Church),etc.... Take advantage of this opportunity to own 8600+ sq ft of Prime Real Estate within the City Limits with Low City Taxes. Don't miss this opportunity to become a part of this Small but Growing Community!

Investor Tools

Property Icon
$431,880
Estimated Property Value
$210,000Estimated Mortgage Balance
$226,844Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,591 /month
Positive
Cash Flow Estimate:
$864 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$361/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,171
$431,880
2025
$63,910
$367,970
$431,880
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,171
$431,880

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
John D Smelser Etal
Unknown
$210,000
No
First
Jan 9, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$205,036
$226,844
52%
47%
$1,260/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: Lipan

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220 W Lipan Dr | Property Details | No Agent List