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$449,900

8511 FM 3358, Gilmer, TX, 75644

On MarketInfo
CommercialInfo
Baths0 Bath
Baths840 Sq Ft
IndustrialIndustrial
Year BuiltBuilt in 2016

About this property

Endless opportunity awaits on this 7.22-acre property perfectly situated between Gilmer and Longview with convenient access to Hwy 300. Easily used for either commercial and residential use, this property is currently functioning as an home base for a commercial plumbing business, making it a great fit for business operations, multi-family housing, or investment income. Property includes the following: Double Wide Mobile Home (2016 Build): 4 bedrooms, 2 bathrooms, in clean condition. Currently used as office space but can easily be converted back to a residence and a second Mobile Home (840 sq ft): 2 bedrooms, 2 bathroom, tenant-occupied and producing rental income. Additionally, a 30x40 Metal Shop: Equipped with multiple bay attached covered work areas – ideal for industrial or mechanical use. Security features include a fully enclosed area with security fencing, automatic gate, and on-site video surveillance. Tons of potential - use it as a business headquarters, expand rental opportunities, create a multi-family setup, or develop your dream homestead. This is a unique investment opportunity in a prime location. Whether you're growing a business, expanding your rental portfolio, or looking for land with flexibility, this property checks all the boxes.

Investor Tools

Property Icon
$49,060
Estimated Property Value
$0Estimated Mortgage Balance
$49,060Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,699 /month
Positive
Cash Flow Estimate:
$900 /month

Interested in this property?

Kimberly Buettner

Texas Real Estate Executives, The Daniels Group - Gilmer

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$88/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$808
$49,060
2025
N/A
$49,060
$49,060
No

Tax History

Year
Tax Paid
Assessed Value
2025
$808
$49,060

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$49,060
100%
0%
$0/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: Gilmer

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8511 FM 3358 | Property Details | No Agent List