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$1,192,577

NAL Estimated Property Value

70 Pace Park Road, Salado, TX, 76571

Off MarketInfo
CommercialInfo
Baths6,643 Sq Ft
price_per_sqft$158.06 / sqft
Year BuiltBuilt in 1968

Highlights

Interior

Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size1.12 acres

Building Information

Year Built1968
Stories1
Roof Type105

Land Information

APN61028
SubdivisionY Williams
Land UseCommercial
Legal DescriptionA0861BC Y WILLIAMS, ACRES 1.118
Census Tract023406
Assessed Land Value$262,006
Assessed Improvement Value$930,571
Assessment Year2025

About this property

The Historic Salado Inn Lot 3 is for sale. Which includes the Village Venue (3300 square foot event center) and the chapel. Monthly rent is currently $5000 per month. The Baylor Cottage which is occupied by the Presley Boutique for $2500 per month. Tj Jones Company office $1000 per month.

Investor Tools

Property Icon
$1,192,577
Estimated Property Value
$1,304,578Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,155 /month
Positive
Cash Flow Estimate:
$2,385 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,582/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$25,019
$1,192,577
2025
$262,006
$930,571
$1,192,577
No

Tax History

Year
Tax Paid
Assessed Value
2024
$25,019
$1,192,577

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lilys Wedding Llc
Unknown
$1,400,000
No
First
Sep 2, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,304,578
N/A
0%
109%
$8,394/mo

Learn About the Market: Opportunity in Texas

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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: Salado

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70 Pace Park Road | Property Details | No Agent List