0Days on Market

4view

$350,000

5123 Watson Dr, Dallas, TX, 75241

On Market

0 Bath

3,200 Sq Ft

Business

Built in 1980

Highlights

Interior

Bathrooms 0

FlooringOther

Exterior

Lot Size1 acre

Building Information

Year Built1980

Stories1

Roof Type105

Land Information

APN00000635324000000

Lot Number9-10

Land UseOther / Unknown

Legal DescriptionBLK F/6855 LTS 9 & 10 WATSON DR INT201500064136 DD03172015 CO-DC 6855 000 00900 2006855 000

Census Tract008705

Assessed Land Value$70,000

Assessed Improvement Value$218,480

Assessment Year2025

About this property

Opportunity to own a church property situated on an acreage lot in Dallas. The property offers a peaceful, spacious setting with ample land for worship, community activities, parking or future expansion. This is an excellent opportunity for an established ministry, or congregation seeking a church in the Dallas area. Buyers and Buyer's Agent must verify all information contained in this listing.

Investor Tools

$23,666Estimated Mortgage Balance

$264,814Estimated Equity

91% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,100 /month

Positive

Cash Flow Estimate:

$700 /month

Interested in this property?

Amy Redix

NB Elite Realty

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$471/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

N/A

$288,480

2025

$70,000

$218,480

$288,480

No

Tax History

Year

Tax Paid

Assessed Value

2025

N/A

$288,480

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Thomas Leon Walker

Stand Alone Second / Subordinate Position

$25,000

No

First

Sep 5, 2023

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$23,666

$264,814

91%

8%

$150/mo

Learn About the Market: Opportunity in Dallas

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Dallas

The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

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