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$280,000

623 N Richmond Road, Wharton, TX, 77488

On MarketInfo
Beds— Beds
Baths2 Bath
Baths2,980 Sq Ft
price_per_sqft$93.96 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

BankruptcyPre-ForeclosureMust-SellAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms 2Bathrooms 2
FlooringConcrete

Exterior

Lot Size12,149 sqft

Building Information

Year Built1950
Garage Spaces4

Land Information

APN26412
Lot Number1A
SubdivisionWharton
Land UseCommercial
Legal DescriptionWHARTON BLOCK 34 LOT 1A PT.
Census Tract740300
Assessed Land Value$30,296
Assessed Improvement Value$89,454
Assessment Year2025

About this property

Prime commercial opportunity in the heart of Wharton! Recently and completely remodeled, this versatile property offers approximately 3,000 SF of functional space designed for a variety of uses including automotive, retail, office, showroom, or service operations. Features include a reception/waiting area, spacious workshop capable of accommodating 2–4 vehicles indoors, and an adjacent showroom/office/retail area. Two 10' x 10' overhead doors with automatic openers provide easy access to the shop. A large attached carport offers covered workspace for up to 4 vehicles or 2 semi-trucks. Excellent visibility, ample on-site parking, and flexible layout make this an outstanding opportunity for owner-users or investors.

Investor Tools

$154,328Estimated Mortgage Balance
$119,750Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,680 /month
Positive
Cash Flow Estimate:
$560 /month

Interested in this property?

William Puentes

Vive Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$257/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,485
$119,750
2025
$30,296
$89,454
$119,750
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2025
$2,485
$119,750

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Krikland Financial Llc
Seller Carryback / Seller Financing / Seller Take-Back
$155,000
No
First
Mar 5, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$154,328
N/A
0%
129%
$930/mo

City: Wharton

623 N Richmond Road | Property Details | No Agent List