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$975,000

NAL Estimated Property Value

500 Lookout Ridge Boulevard, Harker Heights, TX, 76548

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,285 Sq Ft
price_per_sqft$296.8 / sqft
Year BuiltBuilt in 1964

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesOther

About this property

500 Lookout Ridge Blvd is a landmark home owned by one of Harker Heights name sakes. The property is offered both residentially and commercially. ALL bedrooms located on the second level, one bathroom located on the main/ground level, living and office located on bottom level. The 3,200/- sqft home includes 3 parcels totaling approximately 4.03 acres and borders the sprawling HEB shopping center with fantastic access from the I14 Expressway by way of Lookout Ridge Blvd. The setting is currently very park like with a large open yard surrounded by many trees offering privacy from the expressway and HEB. City Zoning is currently M1 for light manufacturing and it is surrounded by B3 and B4 commercial properties. The exceptional zoning should support retail, professional office, medical, residential and various other zoning possibilities. The property is being sold as is. Approximately 1 acre is located in the flood zone as depicted on the property survey.

Investor Tools

Property Icon
$975,000
Estimated Property Value
$0Estimated Mortgage Balance
$975,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,850 /month
Positive
Cash Flow Estimate:
$1,950 /month

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Financing Details

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

City: Harker Heights