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$1,057,480

5901 Locust Grove, Garland, TX, 75043

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths3,360 Sq Ft
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size42,840 sqft

Building Information

Year Built2022
Stories1

Land Information

APN26296570010010000
Lot Number1
SubdivisionKneggs Business Park
Land UseCommercial
Legal DescriptionKNEGGS BUSINESS PARK BLK 1 PT LT 1 ACS 0.9835 LESS ROW INT202300217840 DD10242023 CO-DC 2965700100100 2CG29657001
Census Tract018141
Assessed Land Value$214,200
Assessed Improvement Value$843,280
Assessment Year2025

About this property

Close to 1 full acre. Lot is in perfect location for a small commercial development such as retail strip etc. 2 roads of access one on the service road going west bound towards Bass Pro and the other from the back side of the lot on Locust Grove Rd. Owner may finance with $100,000 down and no pay off penalty 3% int. (amortized and paid monthly.)

Investor Tools

Property Icon
$1,057,480
Estimated Property Value
$0Estimated Mortgage Balance
$155,412Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,345 /month
Positive
Cash Flow Estimate:
$2,115 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,444/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$24,044
$1,057,480
2025
$214,200
$843,280
$1,057,480
No

Tax History

Year
Tax Paid
Assessed Value
2024
$24,044
$1,057,480

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Commercial
$910,000
No
First
Nov 12, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$902,068
$155,412
14%
85%
$5,456/mo

Learn About the Market: Opportunity in Texas

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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.

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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: Garland

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5901 Locust Grove | Property Details | No Agent List