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$550,000

2815 S Highway 281, Mineral Wells, TX, 76067

On MarketInfo
CommercialInfo
Baths4,500 Sq Ft
BusinessBusiness
price_per_sqft$122.22 / sqft
Year BuiltBuilt in 2006

Highlights

Interior

FlooringConcrete

Exterior

Lot Size1 acre

Building Information

Year Built2006

Land Information

APN010780300
SubdivisionDimpkins Survey A-152
Land UseCommercial
Legal DescriptionAB 152 TR 48-3 J DIMPKIN-NW --- G#10152-00-00480-300-00-0 --- MATTS MOBILE MECHANIC & 281 AUTO CARE
Census Tract000402
Assessed Land Value$65,000
Assessed Improvement Value$212,220
Assessment Year2025

About this property

Perfect location and building to start up or move your automotive or RV repair business. 6 roll-up doors make for plenty of access to get vehicles in the shop. Total slab square footage enclosed in the shop is 4,028 sq ft and it does not including the office area or carport area off back of building. Sitting on an acre of land, there is plenty of parking behind lock and key around the rear side of the building and the sides. The building includes a bathroom, front office, & break area that are heated and cooled. If you're looking to start up a business or move your current business, this is a MUST SEE property.

Investor Tools

$274,469Estimated Mortgage Balance
$3,205Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,300 /month
Positive
Cash Flow Estimate:
$1,100 /month

Interested in this property?

Margaret Terry

SOURCE 1 REAL ESTATE - Mineral Wells

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$488/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,464
$277,220
2025
$65,000
$212,220
$277,220
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,464
$277,220

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank Na
Commercial
$236,771
No
First
Oct 27, 2023
Oct 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$274,469
$2,751
0%
99%
$1,720/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: Mineral Wells

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2815 S Highway 281 | Property Details | No Agent List