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$147,690

NAL Estimated Property Value

402 W Bermuda Street, Quitman, TX, 75783

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths5,897 Sq Ft
OfficeOffice

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringConcrete

Exterior

Lot Size28,728 sqft

Land Information

APN37104
Lot Number1
Land UseCommercial
Legal DescriptionLOT 1 PT BLK 37 .6595 QUITMAN TOWNSITES
Census Tract950500
Assessed Land Value$43,090
Assessed Improvement Value$104,600
Assessment Year2025

About this property

Location is everything, and this property delivers. Situated directly across the street from the Wood County Courthouse, this highly visible commercial building places your business in the center of Quitman’s activity, with convenient walking access to nearly everything the town has to offer. The building features nearly 6,000 square feet of heated and cooled space, thoughtfully configured to accommodate a variety of business uses. The front portion offers attractive office and retail space, while the rear includes two continuous yet separated areas, providing flexibility for operations, storage, or expansion. Each space is equipped with zoned air conditioning and multiple units. All utilities are fully connected and operational, including water, electric, and gas, allowing for a seamless transition for a new owner. Updated breaker box and electrical has been completed. Adding even more value is the nearly half-acre fenced and gated lot behind the building, ideal for secure parking, outdoor storage, or future development. Whether you’re expanding an existing business or launching something new, this versatile property offers unmatched visibility, functionality, and location in desirable Quitman, Texas. Don’t miss your opportunity to own a standout commercial property in the heart of town.

Investor Tools

Property Icon
$147,690
Estimated Property Value
$393,065Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,649 /month
Positive
Cash Flow Estimate:
$550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$312/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,002
$147,690
2025
$43,090
$104,600
$147,690
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,002
$147,690

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citizens National Bank
Commercial
$431,250
No
First
Sep 17, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$393,065
N/A
0%
266%
$2,586/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: Quitman

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402 W Bermuda Street | Property Details | No Agent List