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$70,490

NAL Estimated Property Value

503 Gilmer Rd, Longview, TX, 75604

Off MarketInfo
CommercialInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size1.62 acres

Land Information

APN1845000001-001-01-02
Lot Number2,1A
SubdivisionColony Point
Land UseCommercial
Legal DescriptionLT 1A & 2 BLK 1 COLONY POINT (S 78' LT 1A)
Census Tract000502
Assessed Land Value$70,490
Assessment Year2025

About this property

High Traffic commercial lot on the corner of Gilmer Rd and Colony Circle. Lot is part of Colony Point Business Park - restrictions in associated docs. Seller is open to all offers. Lot lines and dimensions shown are estimates.

Investor Tools

Property Icon
$70,490
Estimated Property Value
$49,784Estimated Mortgage Balance
$20,706Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$570 /month
Positive
Cash Flow Estimate:
$190 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$115/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$70,490
2025
$70,490
N/A
$70,490
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$70,490

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Austin Bank Texas Na
Open End Mortgage / Open End With Future Advance Clause
$50,000
No
First
Feb 19, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$49,784
$20,706
29%
71%
$300/mo

Learn About the Market: Opportunity in Texas

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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: Longview

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503 Gilmer Rd | Property Details | No Agent List