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$399,000

205 N Wheeler Avenue, Colmesneil, TX, 75938

$449,100 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths5 Bath
Baths8,036 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$49.65 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 6Bathrooms Full 6

Exterior

Lot Size1.95 acres

Building Information

Year Built2000

Land Information

APNR015096
Lot Number7,14
Land UseCommercial
Legal DescriptionS5162 TOWNSHIP OF COLMESNEIL BLOCK 11, LOT 7 & 14 & ALLEY ACRES 1.9520
Census Tract950100
Assessed Land Value$6,246
Assessed Improvement Value$714,918
Assessment Year2025

About this property

Live upstairs, build your business below, or unlock multiple income opportunities at The Lodge! This renovated 8,000sq-ft mixed-use property sits on 1.95 +/-acres with prime Highway 69 frontage in Colmesneil, TX completely unrestricted. The 4,000sq-ft lower level offers approx. 10 private offices, conference rooms, a kitchen & separate entrances for potential division into two suites. Upstairs, a separate 4,000-sq-ft residence features 3 oversized bedrooms, each with a private bath, a spacious kitchen, expansive living area and elevated veranda. Ideal for owner occupancy, long-term rental or potential short-term/executive lodging. Existing fiber and billboard leases generate a generous yearly income. Nearly an acre of asphalt parking offers room to explore additional income producing uses. Updated HVAC, flooring and interiors complement distinctive lodge finishes and a double sided fireplace. Operate, occupy, lease or combine all three!

Investor Tools

$0Estimated Mortgage Balance
$721,164Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$449,100
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,327 /month
Positive
Cash Flow Estimate:
$1,442 /month

Interested in this property?

Ashley Jackson-Whitworth

Martindale Real Estate Investments

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$732/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,174
$721,164
2025
$6,246
$714,918
$721,164
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,174
$721,164

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$721,164
100%
0%
$0/mo

City: Colmesneil

205 N Wheeler Avenue | Property Details | No Agent List