500 Walker StBreckenridge, TX 76424

  • Commercial real estate
  • 5,000 SF
For Sale
$188,000 View listing

Property Details for 500 Walker St

Lot size
1.64 AC
Property size (Sq ft)
5,000 SF
Property type
Commercial real estate
APN
R000024850
APU
R000024850

Description

This exceptional 9,620 square foot retail building presents a unique investment opportunity in the heart of Breckenridge, Texas. Situated on a 0.26-acre corner lot, the property boasts ample parking, a significant advantage in a bustling commercial area. Its strategic location offers excellent visibility and accessibility, placing it within close proximity to the downtown core, ensuring high foot traffic and potential customer reach. A key feature is the property's advantageous distance from a local church

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,376,890
    6.5%
    $1,270,980
    7%
    $1,180,190
  • Comparable approach

    Method
    Valuation
    Relative Method
    $772,686
    Geo Method
    $1,496,950
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $2,476,310
    Retail / Commercial
    $1,274,920
    Mixed-Use / Specialty
    $1,274,380
    Hospitality / Lodging
    $940,182
    Office
    $1,270,980
    Institutional / Educational
    $1,326,270
    Residential Income
    $1,551,730
    Multifamily
    $1,838,870
    Automotive / Energy
    $1,136,800
    Parking / Income-Based Land
    $388,341
    Restaurant / Food Service
    $671,358
    Healthcare / Senior Housing
    $1,302,740

Location Insight

City
Breckenridge
County
Stephens
State
Texas
Latitude
32.756
Longitude
-98.8958

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,523
$28,580
$51,080
$79,660
-
$28,580
$51,080
$79,660

FAQs

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