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$1,257,735

NAL Estimated Property Value

383 Fm 970 RD, Florence, TX, 76527

Off MarketInfo
Baths0 Bath
Baths6,100 Sq Ft

Highlights

Interior

Bathrooms 0Bathrooms 0
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size2 acres

Building Information

Year Built2022
Stories1

Land Information

APNR-10-W052-3000-0022A
Land UseCommercial
Legal DescriptionAW0523 REESE, W.P. SUR., ACRES 2.0
Census Tract020206
Assessed Land Value$257,004
Assessed Improvement Value$1,000,731
Assessment Year2025

About this property

PRIME property with NO RESTRICTIONS! Located directly in front of Florence High School this property is not part of Florence City Limits but could easily be annexed. City water and sewer are available. Existing slab is approximately 6000 sf. Plenty of room for parking and great frontage. Population is quickly growing in this direction, this is a golden opportunity to purchase before the price goes way up!

Investor Tools

Property Icon
$1,257,735
Estimated Property Value
$620,658Estimated Mortgage Balance
$637,077Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,546 /month
Positive
Cash Flow Estimate:
$2,515 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,203/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$20,147
$1,257,735
2025
$257,004
$1,000,731
$1,257,735
No

Tax History

Year
Tax Paid
Assessed Value
2025
$20,147
$1,257,735

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bancorpsouth Bank
Commercial
$667,250
No
First
Jul 8, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$620,658
$637,077
50%
49%
$4,001/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: Florence

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383 Fm 970 RD | Property Details | No Agent List