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$170,446

NAL Estimated Property Value

368 S Gun Barrel Lane, Gun Barrel City, TX, 75156

$221,580 ARVInfo
Off MarketInfo
CommercialInfo
Baths0 Bath
Baths2,304 Sq Ft
price_per_sqft$54.25 / sqft
Year BuiltBuilt in 1985

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringCeramic Tile, Laminate

Exterior

Exterior FeaturesStorage
Lot Size11,064 sqft

Building Information

Year Built1985

Land Information

APN4280-0000-0240-53
Lot Number24
SubdivisionTamarack Venture (936)
Land UseCommercial
Legal DescriptionAB 59 J P BROWN SUR, TAMARACK VENTURE LT 24
Census Tract950601
Assessed Land Value$27,650
Assessed Improvement Value$142,796
Assessment Year2025

About this property

OWNER WILL FINANCE this nice 2-story commercial building on State Highway 198, with many updates. Live and work space! Sits on over a quarter acre. Currently operating as a highly-successful guitar and musical instrument store. Teaching lessons to over 50 students. Kitchen, living space, one full bath plus a half bath. All inventory is also available at additional cost. Excellent high-traffic location for just about any retail business you can imagine. Don't wait on this one! Was formerly a call center with numerous phone lines, so wired well for today's technological needs. Extra storage building, loading area, parking for 10+ cars.

Investor Tools

Property Icon
$170,446
Estimated Property Value
$0Estimated Mortgage Balance
$170,446Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$221,580
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,023 /month
Positive
Cash Flow Estimate:
$341 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$133/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$746
$170,446
2025
$27,650
$142,796
$170,446
No

Tax History

Year
Tax Paid
Assessed Value
2024
$746
$170,446

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$170,446
100%
0%
$0/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: Gun Barrel City

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368 S Gun Barrel Lane | Property Details | No Agent List