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$238,655

606 W Highway 82, Gainesville, TX, 76240

$310,252 ARVInfo
Off MarketInfo
CommercialInfo
Baths0 Bath
Baths3,409 Sq Ft
IndustrialIndustrial
price_per_sqft$126.11 / sqft
Year BuiltBuilt in 1980

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringConcrete

Exterior

Lot Size8,512 sqft

Building Information

Year Built1980

Land Information

APN15746
Lot Number12-16
SubdivisionMontgomery Addn
Land UseCommercial
Legal DescriptionMONTGOMERY ADDN; BLOCK 43; LOT 12-16, PT LT 11; SUMMIT OUTBACK
Census Tract000400
Assessed Land Value$102,156
Assessed Improvement Value$136,499
Assessment Year2025

About this property

Many Possibilities. Great Location. High Visibility and Easy Access. Hwy 82 frontage. Close to 35E. High Drive-by traffic count. Previously a Gas Station with an attached Drive thru Beer Barn. PLEASE NOTE: The in ground Fuel tanks have been removed. Soils have been tested. Environmental has been completed. Capabilities: Convenience store, Beer and Wine sales, Restaurant, Drive-thru Beer Barn, Mechanics Shop, Automotive related. Bring your ideas. Rapidly growing area. There are 2 parcels here totaling 17088 sqft.

Investor Tools

Property Icon
$238,655
Estimated Property Value
$345,600Estimated Mortgage Balance
$0Estimated Equity
-45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$310,252
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,579 /month
Positive
Cash Flow Estimate:
$860 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$476/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,523
$238,655
2025
$102,156
$136,499
$238,655
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$4,523
$238,655

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Building Or Construction Loan
$345,600
No
First
Jan 27, 2022
Feb 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$317,379
N/A
0%
133%
$2,073/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: Gainesville

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606 W Highway 82 | Property Details | No Agent List