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Days140Days on Market
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$1,600,000

621 N FM 1187, Aledo, TX, 76008

On MarketInfo
CommercialInfo
Baths0 Bath
Baths3,598 Sq Ft
RetailRetail
Year BuiltBuilt in 1997

Highlights

Interior

Bathrooms 0Bathrooms 0
Garage AvailableGarage Available
FlooringCarpet, Hardwood, Tile

Exterior

Lot Size10,193 sqft

Building Information

Year Built1997
Stories1
Garage Spaces1

Land Information

APN14470-004-005-00
Lot Number5
SubdivisionLasater Guy Addn
Land UseCommercial
Legal DescriptionACRES: 0.234 LOT: 5 & 6 BLK: 4 SUBD: LASATER GUY ADDN
Census Tract140707
Assessed Land Value$71,350
Assessed Improvement Value$628,540
Assessment Year2025

About this property

Rare opportunity to own a highly visible commercial building on the rapidly growing 1187 corridor in Aledo, TX. This prime location is strategically situated beside Jake's Burgers and directly across from the upcoming Dean Ranch development, ensuring excellent foot traffic and exposure. The property boasts a grandfathered drive-through capability, offering a unique advantage for potential buyers and tenants. Currently, the building is fully leased by reputable tenants Kite's Cleaners and Embellishments, providing immediate income and stability. Properties along the 1187 corridor do not often come on the market, making this a once-in-a-lifetime chance to invest in a thriving area. Don’t miss out on the potential this location offers for future growth and revenue.

Investor Tools

Property Icon
$699,890
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,600 /month
Positive
Cash Flow Estimate:
$3,200 /month

Interested in this property?

Justin Hammond

Trinity Land Group LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,291/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,989
$699,890
2025
$71,350
$628,540
$699,890
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2025
$11,989
$699,890

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Origin Bank
Commercial
$850,000
No
First
May 8, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$803,240
N/A
0%
115%
$5,097/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: Aledo

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621 N FM 1187 | Property Details | No Agent List