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$399,000

2900 Fm 3218, Commerce, TX, 75428

On MarketInfo
Just AddedInfo
CommercialInfo
Beds Beds
Baths Bath
Baths50,084 Sq Ft
Year BuiltBuilt in 1985

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size25 acres

Building Information

Year Built1985
Stories1

Land Information

APN0913-0170-0010-31
SubdivisionRiley I W
Land UseCommercial
Legal DescriptionA0913 RILEY I W, TRACT 17-1, ACRES 25.00
Census Tract960500
Assessed Land Value$350,000
Assessed Improvement Value$4,376,800
Assessment Year2025

About this property

Great opportunity to own 10 acres right in Commerce! This property is in a great location with road frontage and is a nice, rectangular tract that would be a great option for future development. It is located next to a school, an established neighborhood, and the new Bloomfield Homes development. With so much growth happening around this area, this is a great opportunity for a builder, developer, or investor looking for acreage in Commerce. The property has been surveyed from the larger tract and is ready for someone to bring their plans and make it their own. Buyer to verify all zoning, utilities, restrictions, and development possibilities with the City of Commerce.

Investor Tools

$0Estimated Mortgage Balance
$4,726,800Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$28,361 /month
Positive
Cash Flow Estimate:
$9,454 /month

Interested in this property?

Mazie McDaniel

Dodd Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$7,720/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$4,726,800
2025
$350,000
$4,376,800
$4,726,800
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$4,726,800

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$4,726,800
100%
0%
$0/mo

City: Commerce

2900 Fm 3218 | Property Details | No Agent List