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$639,894

NAL Estimated Property Value

318 N Main St, Salado, TX, 76571

Off MarketInfo
CommercialInfo
Baths2,456 Sq Ft
RetailRetail
Year BuiltBuilt in 1976

Highlights

Interior

Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
FlooringTile

Exterior

Lot Size30,013 sqft

Building Information

Year Built1976
Stories1
Roof Type105

Land Information

APN123394
SubdivisionO T Tyler
Land UseCommercial
Legal DescriptionO T TYLER, BLOCK 00C, LOT 3, 4, 5, 13, 14, 15, & 20' X 150' ALLEY ADJ & 20' X 150' ALLEY ADJ
Census Tract023406
Assessed Land Value$174,375
Assessed Improvement Value$465,519
Assessment Year2025

About this property

PRIME LOCATION for office or retail on Salado Main Street. A Gorgeous Heritage LIVE OAK anchors this amazing property. Property has Two Buildings. Main brick building with 2456sf has been updated for retail services. Secondary structure is a 1500sf heated and cooled storage building with income potential. Lot size is just under 3/4 acre with access from both Main and Church Streets. Easy access to I35 Frontage road. Walkable to retail, office, dining along Main Street. Plenty of parking available. Easy to see.

Investor Tools

Property Icon
$639,894
Estimated Property Value
$503,731Estimated Mortgage Balance
$136,966Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,314 /month
Positive
Cash Flow Estimate:
$1,438 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,300/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,403
$639,894
2025
$174,375
$465,519
$639,894
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,403
$639,894

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cadence Bank Na
Commercial
$520,000
No
First
Jul 19, 2024
Jul 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$503,731
$136,163
21%
79%
$3,118/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: Salado

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318 N Main St | Property Details | No Agent List