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$299,840

NAL Estimated Property Value

5290 W State Highway 31, Corsicana, TX, 75110

Off MarketInfo
CommercialInfo
Baths1,456 Sq Ft
BusinessBusiness
Year BuiltBuilt in 1993

Highlights

Interior

FlooringVinyl

Exterior

Lot Size2.62 acres

Building Information

Year Built1993
Stories1

Land Information

APN56712
Lot Number1
SubdivisionCorsicana
Land UseCommercial
Legal DescriptionC0000 CORSICANA BLK 1558 LOT 1 2.619 ACRES
Census Tract970302
Assessed Land Value$102,000
Assessed Improvement Value$197,840
Assessment Year2025

About this property

Visible, Prime Location for your Business on Hwy 31 in Corsicana! This 2.6 acres has room to live, work and play and is conveniently located just east of the new HWY 31 Loop. Gated entrance and fenced. Front building is perfect for office spaces and has been used a living quarters with 2 bedrooms, open concept living, dining, and kitchen. 1.5 bathrooms and full laundry room. Recently installed new flooring, new paint, and updates. Layout offers spaces for multiple offices or residential living. Back building offers both office and retail space with large workroom, office space, storage room and bathroom. Building entrance has ramp, making it handicap accessible. This space brings so many options with the flexible spaces. Whether its retail, repairs, offices, medical, etc this location fits all uses. 2.6 acres also offers wooded area with pond and walking trails. Options are endless with this business location. Call today to schedule a property tour!

Investor Tools

Property Icon
$299,840
Estimated Property Value
$222,250Estimated Mortgage Balance
$77,590Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,099 /month
Positive
Cash Flow Estimate:
$700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$559/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,208
$299,840
2025
$102,000
$197,840
$299,840
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,208
$299,840

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lamar National Bank
Purchase Money Mortgage
$236,000
No
First
Mar 3, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$222,250
$77,590
25%
74%
$1,415/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Corsicana

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5290 W State Highway 31 | Property Details | No Agent List