Last 24 Hours
$175,000
507 N 4th Street, Lamesa, TX, 79331
$183,497 ARV
On Market
Commercial
— Beds
— Bath
2,432 Sq Ft
Business
$71.96 / sqftHighlights
Interior
Bedrooms —
Bathrooms —FlooringCeramic Tile, Vinyl
Exterior
Lot Size7,013 sqft
Land Information
APN4506
Lot Number4
Land UseCommercial
Legal DescriptionLOT 4 BLK 5 O T ADDN (507 N 4TH)
Census Tract950500
Assessed Land Value$7,000
Assessed Improvement Value$128,740
Assessment Year2025
About this property
This well maintained Lamesa restaurant is for sale. This is a great opportunity for someone seeking a move-in ready space. Sale includes all commercial restaurant equipment and dishes on site. Remodeled in 08/2019, Plumbing and Electrical have been updated. This location has served the community in the past and is ready for a new owner to take the reins. Owner is ready to call it a day and retire! Contact me today for more information.
Investor Tools
$0Estimated Mortgage Balance
$61,620Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$183,496
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,050 /month
Positive
Cash Flow Estimate:
$350 /month
Interested in this property?
ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$164/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,661
$61,620
2025
$7,000
$128,740
$135,740
No
Tax History
Year
Tax Paid
Assessed Value
2022
$1,661
$61,620
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$61,620
100%
0%
$0/mo
12.4%