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$185,000

108 N Wheeler Rd, Colmesneil, TX, 75938

$240,500 ARVInfo
On MarketInfo
Just AddedInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths3,800 Sq Ft
Year BuiltBuilt in 1948

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size16,988 sqft

Building Information

Year Built1948

Land Information

APNR015017
Lot Number8,9
Land UseCommercial
Legal DescriptionS5162 TOWNSHIP OF COLMESNEIL, BLK 10, LOT 8,9 & N/2 OF 10, ACRES .39
Census Tract950100
Assessed Land Value$5,000
Assessed Improvement Value$115,888
Assessment Year2026

About this property

Endless possibilities await with this unique commercial/residential property located in the heart of downtown Colmesneil! Built in 1948, this property offers a combination of commercial & residential space, making it an excellent opportunity for business owners, entrepreneurs, or investors. The property features a 2,000 sq ft commercial building with plenty of potential for retail, office space, a boutique, or other business ventures. Upstairs, you'll find a spacious 1,200-sq ft, one-bedroom apartment complete with an impressive 800 sq ft porch, offering a great space to relax or entertain. An additional equipment shed provides convenient storage for tools & equipment. With its downtown location, historic character, and versatile layout, this property offers the opportunity to operate a business while enjoying the convenience of residential accommodations. Bring your vision & make this one-of-a-kind downtown Colmesneil property your next investment or business venture!

Investor Tools

$0Estimated Mortgage Balance
$120,888Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$240,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,110 /month
Positive
Cash Flow Estimate:
$370 /month

Interested in this property?

Shelly Kane

Pinnacle Realty Advisors

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$237/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,240
$120,888
2026
$5,000
$115,888
$120,888
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,240
$120,888

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$120,888
100%
0%
$0/mo

City: Colmesneil