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Days341Days on Market
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$290,000

228 W Broad St, Mineola, TX, 75773

$313,390 ARVInfo
On MarketInfo
CommercialInfo
Baths2,700 Sq Ft
BusinessBusiness
price_per_sqft$107.41 / sqft
Year BuiltBuilt in 1980

Highlights

Interior

FlooringConcrete, Vinyl

Exterior

Lot Size11,983 sqft

Land Information

APN36076
Lot Number8A
Land UseCommercial
Legal DescriptionLOT 8A BLK 70 .2751 MINEOLA TOWNSITES
Census Tract950800
Assessed Land Value$23,970
Assessed Improvement Value$136,470
Assessment Year2025

About this property

Fully updated, turnkey commercial office building with 2700 sqft downtown Historic Mineola, directly across street from Broadstreet Bank. Great location along a primary commercial arterial with adjacent development of various retail and commercial properties and 57' prime road frontage. The main floor plan includes a main entry and comfortable reception area, 5 private offices, breakroom, 2 restrooms, 2conference rooms and a storage area at the rear of the building. Asphalt paving at the front of building and covered additional parking in the rear for min 7 cars with 2 carports. An additional storage building and seating area in back for breaks. Brick construction, metal roof and attractive curb appeal. Current owner has purchased property and is the process of building a new office, thus the reason for selling this prime location. Seller will need 1yr (or less) leaseback for completion of new office building construction. Buyer to satisfy all measurements.

Investor Tools

Property Icon
$160,440
Estimated Property Value
$653,000Estimated Mortgage Balance
$0Estimated Equity
-307% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$313,390
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,740 /month
Positive
Cash Flow Estimate:
$580 /month

Interested in this property?

Judy Steger

Century 21 First Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$131/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$767
$160,440
2025
$23,970
$136,470
$160,440
No

Tax History

Year
Tax Paid
Assessed Value
2025
$767
$160,440

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southside Bank
Commercial
$653,000
No
First
Jan 25, 2012
Jan 2032

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$731,507
N/A
0%
456%
$6,022/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: Mineola

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228 W Broad St | Property Details | No Agent List