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$225,000

841 E 1st Street, Hereford, TX, 79045

$292,500 ARVInfo
On MarketInfo
Just AddedInfo
CommercialInfo
Baths0 Bath
Baths6,000 Sq Ft
price_per_sqft$37.5 / sqft

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size9,374 sqft

Land Information

APN4892
Lot Number4,5
Land UseCommercial
Legal DescriptionWHITEHEAD, BLOCK 25, LOT 4-5 (E75')
Census Tract950500
Assessed Land Value$37,500
Assessed Improvement Value$57,780
Assessment Year2024

About this property

This property was an established restaurant and it has quite the history here in Hereford. This quaint building is ready for this generation to start a new adventure and make it's own mark here in our town. It features a large lot in back for parking. Has storage as well as a kitchen and dining areas. It's ready to be brought to life with your own personal touch!

Investor Tools

$0Estimated Mortgage Balance
$95,280Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$292,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,350 /month
Positive
Cash Flow Estimate:
$450 /month

Interested in this property?

Heather Wilburn

Palo Duro Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$212/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,067
$95,280
2024
$37,500
$57,780
$95,280
No

Tax History

Year
Tax Paid
Assessed Value
2022
$2,067
$95,280

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$95,280
100%
0%
$0/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: Hereford

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841 E 1st Street | Property Details | No Agent List