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$1,057,480

NAL Estimated Property Value

5901 Locust Grove Rd, Garland, TX, 75043

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths3,360 Sq Ft
RetailRetail
Year BuiltBuilt in 2023

Highlights

Interior

Bathrooms 0Bathrooms 0
Heating CentralHeating Central
CoolingCooling
FlooringLaminate

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

Don't miss this Amazing Location Directly Off Highway 30 and President George Bush Turnpike! Situated on almost a full acre of land and in close proximity to Lake Ray Hubbard. Zoned Light Commercial District which allows for a variety of uses! Information in this listing deemed accurate but not guaranteed. It's highly encouraged that the buyer validate all information with the City of Garland.

Investor Tools

Property Icon
$1,057,480
Estimated Property Value
$902,068Estimated Mortgage Balance
$155,412Estimated Equity
14% 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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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: Garland

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5901 Locust Grove Rd | Property Details | No Agent List