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$158,310

NAL Estimated Property Value

305 E Centerville Rd, Garland, TX, 75041

$205,803 ARVInfo
Off MarketInfo
CommercialInfo
Baths945 Sq Ft
Year BuiltBuilt in 2008

Highlights

Interior

Heating CentralHeating Central
CoolingCooling
FlooringCeramic Tile

Exterior

Lot Size12,153 sqft

Building Information

Year Built2008
Stories1
Roof Type105

Land Information

APN26613300010010000
Lot Number1
SubdivisionTwo Friends
Land UseCommercial
Legal DescriptionTWO FRIENDS BLK 1 LT 1 ACS 0.279 INT201300046090 DD02082013 CO-DC 6133000100100 2CG61330001
Census Tract018206
Assessed Land Value$72,920
Assessed Improvement Value$85,390
Assessment Year2025

About this property

This salon offers an outstanding opportunity for beauty professionals, office, retail location or savvy investors. Located at 305 E Centerville Rd in the bustling heart of Garland, TX, this property combines charm, functionality, and income-generating potential. With a stunning stone-front exterior, accessibility ramp, it currently has 5 hair stations, 3 wash bowls, 3 drying stations, waiting area, bathroom, a private salon room, and full-size laundry. Situated on a large, landscaped lot and its own private parking area this one is a must see!

Investor Tools

Property Icon
$158,310
Estimated Property Value
$59,280Estimated Mortgage Balance
$99,030Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$205,803
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,274 /month
Positive
Cash Flow Estimate:
$758 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$342/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,313
$158,310
2025
$72,920
$85,390
$158,310
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,313
$158,310

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Veritex Community Bank
Commercial
$65,000
No
First
Feb 8, 2013
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$59,280
$99,030
62%
37%
$483/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: Garland

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305 E Centerville Rd | Property Details | No Agent List