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$170,000

506 E Scott St., Gilmer, TX, 75644

On MarketInfo
CommercialInfo
Baths0 Bath
Baths2,974 Sq Ft
Year BuiltBuilt in 2005

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size11,021 sqft

Building Information

Year Built2005

Land Information

APN300748
Lot Number1
Land UseCommercial
Legal DescriptionLOT 1 SEC, BLK 1 OLD TOWN (GILMER) S279 (A3,A200) .253 ACRES & SHOP
Census Tract950301
Assessed Land Value$26,510
Assessed Improvement Value$73,000
Assessment Year2025

About this property

Located on Scott Street in the heart of Gilmer, this spacious 50' x 54' commercial building offers a prime location and a variety of features ideal for businesses looking for a fully-equipped space. Built in 2005 with an addition in 2015, this property is turnkey and ready for your business to move in! Key Features include a 14' x 20' Office with kitchenette and two bathrooms, plus an additional A/C unit for comfort. A 14' x 20' clean room designed for specialized paint work or other precision tasks, 5 Exterior Roll-Up Doors, providing easy access for equipment or large deliveries. A front shop area (30' x 30') perfect for general work or storage and an air compressor plumbed throughout the shop, ideal for multiple workstations. Not to mention a 9,500 lb Lift available for purchase (ideal for auto or heavy-duty work) Also included is an HVAC System for year-round comfort, plus active and monitored alarm system for security along with plenty of power for ample electrical outlets and lighting to meet business needs as well as city water & sewer connected for convenience. The layout and features make this an excellent space for a variety of businesses including auto repair, manufacturing, or general contracting. The property has been well-maintained and is ready for immediate use. Located in a convenient area of Gilmer, this property offers great visibility and easy access. Don’t miss out on this opportunity to own a versatile commercial space with all the right amenities for your business!

Investor Tools

$472,549Estimated 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
$1,020 /month
Positive
Cash Flow Estimate:
$340 /month

Interested in this property?

Victoria Wolfe

Texas Real Estate Executives, The Daniels Group - Gilmer

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$199/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,894
$99,510
2025
$26,510
$73,000
$99,510
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,894
$99,510

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ffb Bank
Sba Participation Trust Deed
$301,000
No
First
Dec 5, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$472,549
N/A
0%
475%
$2,855/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: Gilmer

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