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$445,000

403 W California Street, Gainesville, TX, 76240

Off MarketInfo
CommercialInfo

Highlights

Interior

FlooringLaminate, Wood

Exterior

Lot Size9,448 sqft

Land Information

APN12526
Lot Number1
SubdivisionPeery 2nd Addn
Land UseCommercial
Legal DescriptionPEERY 2ND ADDN; BLOCK A; LOT 1 W PT & E PT OF 2; ACRES .2169
Census Tract000400
Assessed Land Value$155,287
Assessment Year2025

About this property

BACK ON THE MARKET!!!! This is your chance to not miss this opportunity. Seller is motivated! Rare find and a great opportunity to purchase property in downtown Gainesville.! Approx. 1996 SF of useable space for you to bring your business ideas to this fast-growing community just 60 miles north of Dallas. Vacant lot next door is included (411 W. California St.) Ample parking, back entrance. Currently used as a Dental office. Lease in place. Could easily be converted into an office space for an attorney, professional services firm or other business. Great investment! Across street from Braums and Starbucks. Right in the heart of Gainesville. Zoned as Central Area Commercial District.

Investor Tools

Property Icon
$155,287
Estimated Property Value
$0Estimated Mortgage Balance
$155,287Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,670 /month
Positive
Cash Flow Estimate:
$890 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$310/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,943
$155,287
2025
$155,287
N/A
$155,287
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,943
$155,287

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$155,287
100%
0%
$0/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.

Explore Texas Explore This Area
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: Gainesville

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403 W California Street | Property Details | No Agent List