Last 24 Hours
$500,000
NAL Estimated Property Value801 W Lubbock Street, Gorman, TX, 76454
Off Market
— Beds
— Bath
288 Sq Ft
RanchHighlights
Interior
Bedrooms —
Bathrooms —Exterior
Lot Size15.57 acres
Building Information
Year Built1940
Land Information
APN51106
SubdivisionOt Gorman
Land UseAgriculture / Farming
Legal DescriptionALL BLK XXVI OT GORMAN
Census Tract950500
Assessment Year2025
About this property
Beautifuly maintained cattle ranch with 5 stock tanks, four water wells, grassland with sandy loam soil, currently leased for cattle. Fenced and cross fenced with three tracts all contiguous. Holding pens at the 62+ acre tract. Small pecan orchard on the 16+ acre tract off State Highway 6, also known as Lubbock St. Access from State Highway 6 in Gorman and from a lane off Winkler St. Owner prefers to sell all three tracts together. Each of the three lots identified with our signs. New surveys have been ordered and will be made available when completed.
Investor Tools
$500,000
Estimated Property Value
$0Estimated Mortgage Balance
$500,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$16/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$189
N/A
2025
N/A
N/A
$45,410
No
Tax History
Year
Tax Paid
Assessed Value
2025
$189
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
N/A
N/A
N/A
$0/mo
12.4%