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$632,900

NAL Estimated Property Value

505 S Oak Avenue, Mineral Wells, TX, 76067

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths6,500 Sq Ft
RetailRetail

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringVaries, Wood

Exterior

Lot Size40,162 sqft

Land Information

APN161421000
Lot Number2
SubdivisionLynch
Land UseCommercial
Legal DescriptionLYNCH BLK 13 LOT 2 --- G#L0700-00-00130-002-0B-0
Census Tract000800
Assessed Land Value$588,400
Assessed Improvement Value$44,500
Assessment Year2025

About this property

You've heard it said Location, Location, Location this city block being offered sits just South of the flourishing downtown redevelopment. Just 4 blocks South of the Baker Hotel complex. It has approximately 240' of US Hwy 281 frontage and is bordered on the South by SE 5th and the north by the walking-riding (Rails to Trails) project. It was originally the city's feed store but currently is operating as (Peddlers Junction) a consignment venue This parcel has a multitude of possibilities. Come bring your dreams and build on this blank slate.

Investor Tools

Property Icon
$632,900
Estimated Property Value
$76,591Estimated Mortgage Balance
$556,309Estimated Equity
87% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,500 /month
Positive
Cash Flow Estimate:
$1,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,415/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,820
$632,900
2025
$588,400
$44,500
$632,900
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,820
$632,900

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Vernon Rex Williams
Seller Carryback / Seller Financing / Seller Take-Back
$90,000
No
First
Dec 13, 2018
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$76,591
$556,309
87%
12%
$540/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: Mineral Wells

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505 S Oak Avenue | Property Details | No Agent List