Last 24 Hours
$495,000
321 Cheatham St, San Marcos, TX, 78666
Under Contract
Commercial
— Beds
— Bath
3,000 Sq Ft
Office
$165 / sqft
Built in 1981Highlights
Interior
Bedrooms —
Bathrooms —
Garage Available
Heating Central
CoolingFlooringLaminate
Exterior
Lot Size1.20 acres
Building Information
Year Built1980
Roof Type112
Land Information
APNR33123
SubdivisionKaty Addition
Land UseCommercial
Legal DescriptionKATY ADDN LOT PT OF 2-3 & 8 BLK 2 1.20 AC GEO#90211960 TAX CODES:SSM,WEU,WUS,TSMR1
Census Tract010500
Assessed Land Value$214,700
Assessed Improvement Value$181,760
Assessment Year2025
About this property
Excellent owner-user or investment opportunity in the heart of San Marcos. This 3,000 SF commercial building, situated on 1.2 acres, is zoned Community Commercial and offers flexibility for a variety of office, medical, or service-oriented uses. Formerly operated as an accounting office, the property is well-configured for professional occupancy. The building features three separate entrances, providing the potential to accommodate multiple tenants or a single user. With approximately 20 parking spaces and convenient access to Interstate 35, the property offers accessibility in a centrally located setting. **No Survey
Investor Tools
$0Estimated Mortgage Balance
$396,460Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,970 /month
Positive
Cash Flow Estimate:
$990 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$815/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,803
$396,460
2025
$214,700
$181,760
$396,460
No
Tax History
Year
Tax Paid
Assessed Value
2024
$7,803
$396,460
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$396,460
100%
0%
$0/mo
12.4%