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$385,000

NAL Estimated Property Value

3893 N Us Highway 287, Alvord, TX, 76225

$500,500 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,416 Sq Ft
FarmFarm
price_per_sqft$296.61 / sqft
Year BuiltBuilt in 1985

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Electric Range
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesBalcony, Private Yard
Lot Size9.08 acres

Building Information

Stories1

Land Information

APNA0329.0006.01
SubdivisionA-329 Grayson Csl
Land UseResidential
Legal DescriptionA-329 GRAYSON CSL 9.0800 ACRES MANUFACTURER: PALM HARBOR HOMES SERIAL NUMBER: PH052603A SERIAL NUMBER: TEX0330574
Census Tract150101
Assessment Year2025

About this property

You’ve probably been thinking that in order to grow your business you’ll have to rent a place for thousands of dollars a month. That’s a huge expense for someone that is owning and operating their own business. This 9 acre property is a great opportunity for a small business owner to maintain or grow their business while living in the country and walking to work every morning! With 9 acres of land, a commercial shop and storefront, a barn for animals, and a 30 x 50 metal shop to expand into and make your own you’ll have plenty of space and opportunity to grow. You won’t have neighbors right on top of you or an HOA telling you that you can’t store trailers or equipment on your own land.

Investor Tools

Property Icon
$385,000
Estimated Property Value
$329,986Estimated Mortgage Balance
$55,014Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$500,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,520 /month
Positive
Cash Flow Estimate:
$840 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$270/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,310
$189,497
2025
N/A
N/A
$378,653
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,310
$189,497

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Purchase Money Mortgage
$360,000
No
First
Dec 28, 2021
Jan 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$329,986
$55,014
14%
86%
$2,159/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: Alvord

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3893 N Us Highway 287 | Property Details | No Agent List