Last 24 Hours
$431,880
NAL Estimated Property Value220 W Lipan Dr, TX, 76462
Off Market
Commercial
— Beds
— Bath
8,631 Sq Ft
Business
Built in 1985Highlights
Interior
Bedrooms —
Bathrooms —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
$431,880
Estimated Property Value
$205,036Estimated Mortgage Balance
$226,844Estimated Equity
52% 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
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
12.4%