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$406,807

NAL Estimated Property Value

331 Southeast Parkway, Azle, TX, 76020

Off MarketInfo
CommercialInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size12.45 acres

Land Information

APNA1553-2
SubdivisionTownsend, Spencer Survey
Land UseCommercial
Legal DescriptionTOWNSEND, SPENCER SURVEY ABSTRACT 1553 TRACT 2
Census Tract114204
Assessed Land Value$406,807
Assessment Year2025

About this property

12-ACRE PROPERTY ZONED HEAVY COMMERCIAL, nestled along the service road of a bustling State Highway 199 within Azle city limits. This remarkable property offers a unique blend of natural beauty and commercial potential, the land is richly adorned with mature trees, providing a serene and picturesque backdrop. A meandering Ash Creek runs along the edge of the property, adding to its charm and appeal. Whether you envision a vibrant commercial hub or a tranquil business retreat, this expansive plot provides an unparalleled opportunity to create your vision in a prime, highly accessible location. Please note little over 3 acres is classified as flood zone floodway so cannot be developed. The remaining approximate 8.7 acres still in 100-year flood zone can be developed with topographic map showing similar elevation as Azle Hospital just down the street.

Investor Tools

Property Icon
$406,807
Estimated Property Value
$0Estimated Mortgage Balance
$406,807Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,441 /month
Positive
Cash Flow Estimate:
$814 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$326/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,882
$406,807
2025
$406,807
N/A
$406,807
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,882
$406,807

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$406,807
100%
0%
$0/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: Azle

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331 Southeast Parkway | Property Details | No Agent List