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$254,630

321 Gilmer Street, Sulphur Springs, TX, 75482

Off MarketInfo
CommercialInfo
Baths8,748 Sq Ft
RetailRetail
Year BuiltBuilt in 1960

Highlights

Interior

FlooringConcrete

Exterior

Lot Size18,731 sqft

Building Information

Year Built1960

Land Information

APNR000001569
Land UseCommercial
Legal DescriptionACRES: 0.430 LOT: 12 BLK: 7 TOWN: SULPHUR SPRINGS 175X68
Census Tract950401
Assessed Land Value$131,120
Assessed Improvement Value$123,510
Assessment Year2025

About this property

This versatile commercial property is located in a prime location in Sulphur Springs, TX. It is close to downtown and has great visibility from traffic. The main building is 2500 square feet and can be used for a variety of businesses, such as a retail store, office space, or much more. The additional 1100 square foot building can be used for storage, garage space, or converted into additional business space.

Investor Tools

Property Icon
$254,630
Estimated Property Value
$0Estimated Mortgage Balance
$29,853Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,214 /month
Positive
Cash Flow Estimate:
$738 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$206/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,201
$254,630
2025
$131,120
$123,510
$254,630
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2025
$1,201
$254,630

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranty Bank & Trust
Assumption
$249,000
Yes
First
Apr 20, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$224,777
$29,853
11%
88%
$1,493/mo

Learn About the Market: Opportunity in Texas

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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: Sulphur Springs

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321 Gilmer Street | Property Details | No Agent List