Last 24 Hours
$1,531,308
NAL Estimated Property ValueTBD Hwy 377, Cresson, TX, 76035
Off Market
Commercial
About this property
IDEAL DEVELOPMENT PROPERTY - 11.718 acres with over 1,100 feet of frontage along the west side of Hwy 377 just 2 miles north of Cresson's intersection of Hwy 377 and Hwy 171. Property lies within the City Limits of Cresson which is currently exploding in development. The tract is zoned RC (Restricted Commercial) with multiple permitted usages (see included Zoning Ordinances). Buyer to verify schools and all utilities. Survey loaded in the listing. Owner will consider subdividing. Owners are principals of Railhead Realty.
Investor Tools
$1,531,308
Estimated Property Value
$0Estimated Mortgage Balance
$1,531,308Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,188 /month
Positive
Cash Flow Estimate:
$3,063 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%
12.4%