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$599,000

3035 Buffalo Gap Rd, Abilene, TX, 79605

On MarketInfo
CommercialInfo
Baths0 Bath
Baths2,083 Sq Ft
price_per_sqft$287.57 / sqft
Year BuiltBuilt in 1965

Highlights

Interior

Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
FlooringCarpet, Vinyl

Exterior

Lot Size22,939 sqft

Building Information

Year Built1965
Stories1
Roof Type105
Garage Spaces3

Land Information

APN47510000100
Lot Number101
SubdivisionMonterrey Place
Land UseResidential
Legal DescriptionMONTERREY PLACE, BLOCK 1, LOT 101
Census Tract012400
Assessed Land Value$20,841
Assessed Improvement Value$168,840
Assessment Year2025

About this property

PRIME FOR REDEVELOPMENT! This large home on just over .5 acres has Buffalo Gap Rd frontage with excellent visibility, high traffic count & tons of potential. Currently zoned residential, but highest and best use would be office or neighborhood retail with rezoning or planned development. Sellers are flexible & would consider lease, build to suit or trade.

Investor Tools

$197,963Estimated Mortgage Balance
$67,037Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,594 /month
Positive
Cash Flow Estimate:
$1,198 /month

Interested in this property?

Timothy Smith

Barnett & Hill

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$202/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,104
$188,065
2025
$20,841
$168,840
$189,681
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,104
$188,065

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Carolyn Watson Calvert
Seller Carryback / Seller Financing / Seller Take-Back
$200,000
No
First
Nov 25, 2025
Mar 2029

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$197,963
$67,037
25%
75%
$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: Abilene

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