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$29,900

NAL Estimated Property Value

507 S 1st Street, Lamesa, TX, 79331

$38,870 ARVInfo
Off MarketInfo
CommercialInfo
Beds Beds
Baths Bath
Baths2,250 Sq Ft
OfficeOffice
price_per_sqft$23.56 / sqft
Year BuiltBuilt in 1920

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
FlooringCarpet

Exterior

Lot Size2,701 sqft

Land Information

APN4703
Lot Number4
Land UseCommercial
Legal DescriptionE/25 OF W/50 OF 1-2-3-4 EXC E/10 OF S/10 OF LOT 4 & E/25 OF W/50OF N/20OF 5 EXC E/10 OF N/20OF 5 BLK 33 O T ADDN
Census Tract950500
Assessed Land Value$3,380
Assessed Improvement Value$26,520
Assessment Year2025

About this property

Commercial Office Building in the Heart of Downtown! Exceptional opportunity to own a versatile office building just steps from the downtown square! This property features a reception and waiting area, two private offices, a spacious conference room, new bathroom facility, and a large back room perfect for storage or future expansion. This space is ideal for a variety of professional uses such as professional services, medical, legal, or administrative use. Surrounded by other businesses, banks, restaurants, and retail shops, this location benefits from foot traffic and easy accessibility. Whether you're looking to add to your investment portfolio or establish a presence in a downtown setting, this property delivers both value and versatility.

Investor Tools

Property Icon
$29,900
Estimated Property Value
$0Estimated Mortgage Balance
$29,900Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$38,870
Rent-to-Value Ratio: 0.72%
Rent Estimate
$318 /month
Positive
Cash Flow Estimate:
$106 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$117/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,259
$29,900
2025
$3,380
$26,520
$29,900
No

Tax History

Year
Tax Paid
Assessed Value
2022
$1,259
$29,900

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$29,900
100%
0%
$0/mo

City: Lamesa

507 S 1st Street | Property Details | No Agent List