Last 24 Hours
$290,590
NAL Estimated Property Value385 N Main St, La Grange, TX, 78945
$377,767 ARV
Off Market
Commercial
— Beds
— Bath
15,496 Sq Ft
$12.81 / sqft
Built in 1978Highlights
Interior
Bedrooms —
Bathrooms —FlooringVinyl
Exterior
Exterior FeaturesNone
Lot Size1.08 acres
Building Information
Year Built1979
Land Information
APN38517
Lot Number61,64
Land UseCommercial
Legal DescriptionMOORE JOHN H (445) LOT 61,64, FRC OF 62,63,89 BLK 7 1.08 COMM - THE BELGIAN'S ANTIQUES
Census Tract970302
Assessed Land Value$72,450
Assessed Improvement Value$218,140
Assessment Year2025
About this property
Commercial Building at 385 N Main, 2 blocks from the historic La Grange square. 15,000+ square foot metal building on 1+ ACRES. Presently operating as La Grange Lanes, a fully functional bowling alley with 16 wood lanes. The present operation includes league play, birthday parties, special events, bar & grill, arcade with pool tables, domino tournaments, etc... Furnishings, including tables, chairs, coolers, kitchen equipment, HD Televisions, etc… Endless possibilities for this commercial spot!
Investor Tools
$290,590
Estimated Property Value
$127,407Estimated Mortgage Balance
$163,183Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$377,767
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,744 /month
Positive
Cash Flow Estimate:
$581 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$454/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,991
$290,590
2025
$72,450
$218,140
$290,590
No
Tax History
Year
Tax Paid
Assessed Value
2025
$3,991
$290,590
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Unknown
$136,000
No
First
Dec 29, 2022
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$127,407
$163,183
56%
44%
$816/mo
12.4%