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$250,000

248 Chitwood Road, Gatesville, TX, 76528

On MarketInfo
CommercialInfo
Baths1,020 Sq Ft
IndustrialIndustrial
Year BuiltBuilt in 2013

Highlights

Interior

Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
FlooringConcrete

Exterior

Lot Size1.01 acres

Building Information

Year Built2013

Land Information

APN0-20-57-0061
Land UseCommercial
Legal Description0323 B EILERS, ACRES 1.01
Census Tract010300
Assessed Land Value$24,200
Assessed Improvement Value$115,130
Assessment Year2025

About this property

Slaughterhouse-Game processing with residential quarters for SALE. Loads of Walk-in Coolers and Freezer space available… plenty of Butchering equipment included in sale. Move-in and launch your brand new Custom processing Business within days… Absolutely fantastic Residential-Commercial combo property includes one fully fenced acre in Gatesville! Great location just off FM 116! Former processing company has 1500 sq ft interior! One bedroom with kitchen, full bathroom, closet and gun safe on one end and full meat processing shop, kitchen, walk in freezers and full set up on the other. Entry-Reception area with public restroom, outdoor space with overhange and covered parking with additional walk in freezers and storage! Custom shop and Residential! This place is awesome! Make a business with living quarters or convert the place into exactly what you want! So many ideas for this one! Live where you work! Work from home! Love where you live! Gorgeous grounds with additional high fenced in space for animals.

Investor Tools

Property Icon
$139,330
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month

Interested in this property?

Aaron Tucker

CENTURY 21 Judge Fite Company

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$216/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,890
$139,330
2025
$24,200
$115,130
$139,330
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,890
$139,330

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
David James Dilley
Seller Carryback / Seller Financing / Seller Take-Back
$200,000
No
First
Sep 29, 2021
Jun 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$181,944
N/A
0%
131%
$1,200/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.

Explore Texas Explore This Area
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: Gatesville

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248 Chitwood Road | Property Details | No Agent List