Last 24 Hours
$586,664
NAL Estimated Property Value2918 N Richmond Rd, Wharton, TX, 77488
Off Market
Commercial
5 Beds
2 Bath
4,508 Sq Ft
$43.26 / sqft
Built in 1965Highlights
Interior
Bedrooms 5
Bathrooms Full 2Exterior
Lot Size2.63 acres
Building Information
Year Built1965
Land Information
APN51784
Land UseCommercial
Legal DescriptionA20038 ABST.38 TRACT 56B,56E PT.
Census Tract740200
Assessed Land Value$134,896
Assessed Improvement Value$451,768
Assessment Year2025
About this property
2.7 Acres, located of HWY 60/ Richmond Rd. Property did flood and has been gutted and ready for the new owner. Possible Duplex. 1200 sq. ft. of a storage building in the back of main building. New Roof in 2017, Foundation work in 2002, and Building has passes City Inspection after Harvey. 3 back doors and 2 front doors, 2 circuit panels, all inner walls are removable.
Investor Tools
$586,664
Estimated Property Value
$236,416Estimated Mortgage Balance
$350,248Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,520 /month
Positive
Cash Flow Estimate:
$1,173 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,259/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,175
$586,664
2025
$134,896
$451,768
$586,664
Yes (2024)
Tax History
Year
Tax Paid
Assessed Value
2025
$12,175
$586,664
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texan Bank
Building Or Construction Loan
$270,000
No
First
Jan 22, 2020
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$236,416
$350,248
59%
40%
$1,619/mo
12.4%