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$495,000

602 North Gray Street, Caldwell, TX, 77836

On MarketInfo
CommercialInfo
Baths3,422 Sq Ft
OfficeOffice
price_per_sqft$144.65 / sqft
Year BuiltBuilt in 1971

Highlights

Interior

AppliancesElectric Water Heater
FlooringLaminate, Tile

Exterior

Lot Size15,760 sqft

Building Information

Year Built1971

Land Information

APNR17680
Lot Number8
Land UseCommercial
Legal DescriptionS1600 MACAT ADDITION BLK 21N LOT 8 & 40 FT OF 9, .3618 ACRES
Census Tract970300
Assessed Land Value$168,002
Assessed Improvement Value$165,721
Assessment Year2025

About this property

Just off Hwy 21 (the PRESIDENTIAL CORRIDOR) in Caldwell, this 2,200 SF building offers versatile space nicely suited for OFFICE, MEDICAL, breakout RETAIL, and/or private HEALTH/BEAUTY/SALON booths. Previously, DRGAC DENTAL, the building has been home to a successful family practice for over 25 years. In addition, the property offers a detached metal building with over 1,200 sf of specialty work rooms, staff break room/kitchette, bathroom, work-out space and climate controlled storage. The asphalt parking lot offers ample space for staff and guests.

Investor Tools

$192,615Estimated Mortgage Balance
$141,108Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,970 /month
Positive
Cash Flow Estimate:
$990 /month

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Melinda Scott

Home & Ranch Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$616/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,719
$333,723
2025
$168,002
$165,721
$333,723
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,719
$333,723

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Commercial
$264,000
No
First
May 8, 2014
May 2029

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$192,615
$141,108
42%
58%
$1,583/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.

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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: Caldwell

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602 North Gray Street | Property Details | No Agent List