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$170,000

506 E Scott St., Gilmer, TX, 75644

On MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths2,974 Sq Ft
Year BuiltBuilt in 2005

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

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
$99,510Estimated 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

ContactContact

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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

City: Gilmer

506 E Scott St. | Property Details | No Agent List