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$129,000

NAL Estimated Property Value

701 and 703 E Main Street, Gatesville, TX, 76528

$167,700 ARVInfo
Off MarketInfo
CommercialInfo
Baths0 Bath
Baths3,763 Sq Ft
price_per_sqft$66.44 / sqft
Year BuiltBuilt in 1933

Highlights

Interior

Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
FlooringCarpet, Vinyl

Building Information

Year Built1955
Garage Spaces1

Land Information

APN1-08-03-0000
Lot Number6
SubdivisionWells Addn
Land UseResidential
Legal DescriptionWELLS ADDN, BLOCK 2, LOT 6 NW PT, ACRES .0
Census Tract010400
Assessed Land Value$17,500
Assessed Improvement Value$51,680
Assessment Year2025

About this property

Attention Investors! Here's an exceptional opportunity to own three income-producing office buildings located on the historic square in downtown Gatesville—properties like these rarely become available. Two of the buildings are fully leased with established tenants, while the third is vacant and ready for a new occupant. Over the past few years, these buildings have undergone numerous updates, including fresh paint, new flooring, new HVAC systems, roof repairs, and more. Each building is self-contained with a private bathroom. The corner building proudly features a historical marker. With the new courthouse annex set to open in February, downtown Gatesville is quickly becoming a prime location for your next business venture. Don’t miss out on this rare investment opportunity!

Investor Tools

Property Icon
$129,000
Estimated Property Value
$9,430Estimated Mortgage Balance
$119,570Estimated Equity
92% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$167,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$161/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,291
$69,180
2025
$17,500
$51,680
$69,180
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,291
$69,180

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
National Bank
Arm (Adjustable Rate Mortgage)
$12,150
No
First
Jul 10, 2015
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$9,430
$119,570
92%
7%
$61/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: Gatesville

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