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$362,970

NAL Estimated Property Value

3218 Fannin Rd, Melissa, TX, 75454

Off MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths2,608 Sq Ft
OfficeOffice
Year BuiltBuilt in 1930

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
FlooringCarpet, Tile, Wood

Exterior

Lot Size26,702 sqft

Building Information

Year Built1930
Stories2

Land Information

APNR-11664-000-0000-1
SubdivisionDotson Addition, The (Cml)
Land UseCommercial
Legal DescriptionDOTSON ADDITION, THE (CML)
Census Tract030206
Assessed Land Value$80,107
Assessed Improvement Value$282,863
Assessment Year2025

About this property

One of a kind home converted to an office. Past uses engineer, architect and insurance agency. Plenty of parking, centrally located in growing community of Melissa very close to the schools. The seller is using the building in a configuration of 4 large offices and a conference room downstairs with another office and flex space upstairs. Two full baths downstairs, one full bath upstairs. There is also a full kitchen and break area. Backyard is large with expansion capability. Great visibility because of the schools in the area and the amount of traffic generated taking kids to the three campuses. Wonderful opportunity in a great community.

Investor Tools

Property Icon
$362,970
Estimated Property Value
$237,858Estimated Mortgage Balance
$125,112Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,244 /month
Positive
Cash Flow Estimate:
$748 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$716/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,782
$362,970
2025
$80,107
$282,863
$362,970
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,782
$362,970

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Simmons Bank
Unknown
$250,000
No
First
Sep 27, 2023
Sep 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$237,858
$125,112
34%
66%
$1,499/mo

City: Melissa

3218 Fannin Rd | Property Details | No Agent List