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$140,000

3011 Main Ave, Groves, TX, 77619

$182,000 ARVInfo
PendingInfo
CommercialInfo
Baths0 Bath
Baths2,720 Sq Ft
IndustrialIndustrial
price_per_sqft$51.47 / sqft
Year BuiltBuilt in 1983

Highlights

Interior

Bathrooms 0Bathrooms 0
Garage AvailableGarage Available

Exterior

Lot Size6,987 sqft

Building Information

Year Built1983
Stories1
Garage Spaces6

Land Information

APN051400-000-000600-00000
Lot Number5
SubdivisionPearl Gardens
Land UseCommercial
Legal DescriptionTR 5B REPLAT LT 5 PEARL GARDENS .1604AC
Census Tract010500
Assessed Land Value$27,249
Assessed Improvement Value$41,425
Assessment Year2025

About this property

Positioned on N Main Street in Groves, this former machine shop offers a versatile commercial setup with endless potential for industrial, automotive, or trade-related use. The property features multiple usable workspaces, 3 roll-up bay doors, a restroom, and ample storage space throughout. Previously utilized as a machine shop, the layout is well suited for a mechanic shop, auto body operation, fabrication workspace, contractor setup, warehouse use, or other multi-use commercial applications. Functional shop space with flexible possibilities in a convenient Groves location.

Investor Tools

$0Estimated Mortgage Balance
$66,479Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$182,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$840 /month
Positive
Cash Flow Estimate:
$280 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$152/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,490
$66,479
2025
$27,249
$41,425
$68,674
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,490
$66,479

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$66,479
100%
0%
$0/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: Groves

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