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    506 E Scott St Gilmer, TX 75644

    Under Contract
    For Sale
    $170,000

    Business - Gilmer, TX

    Type:Business
    Lot size:
    0.25 Acres
    Days on Market:
    64
    Last Refresh:
    Dec 8 at 10:06 pm

    Property Features for 506 E Scott St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active Under Contract
    APN
    300748
    Lot size
    0.25 Acres

    Utilities

    Heating system
    Other (Heating)

    Building Details

    Year built
    2005
    Flooring type
    Concrete
    Building materials
    Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    Texas Real Estate Executives (903) 680-4663

    Listing agent Victoria Wolfe (903) 680-4663 License #0536664

    Listing date Oct 6, 2025

    MLS# 20885640 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spacious Commercial Building in Gilmer

    Located on Scott Street in Gilmer, this commercial building, constructed in 2005 with an addition in 2015, offers a space suitable for various business operations. The property features a 14 x 20 office with a kitchenette and two bathrooms, supplemented by an additional AC unit. A 14' x 20' clean room is designed for specialized tasks. There are five exterior roll-up doors for accessibility, a 30' x 30' front shop area, and an air compressor plumbed throughout the shop. A 9,500 lb lift is available for purchase. The property includes an HVAC system, an active and monitored alarm system, ample electrical outlets and lighting, and city water and sewer connections. The building's layout and features accommodate auto repair, manufacturing, or general contracting businesses. The lot size is 0.25 acres. The property is located in a convenient area of Gilmer, offering visibility and access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gilmer
    County
    Upshur
    State
    Texas
    Longitude
    -94.939689
    Latitude
    32.733013

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    FAQs

    What type of property is this?
    Industrial property - Fully-equipped commercial building in Gilmer, TX, ready for immediate use.
    Where is this industrial property located?
    The property is located at 506 E Scott St Gilmer, TX.
    What is the asking price?
    The asking price for this property is $170,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Gilmer with great visibility and easy access.; - Spacious 50 x 54 commercial building, built in 2005 with an addition in 2015.; - **Fully-equipped with 14 x 20 office (with kitchenette and two bathrooms), 14' x 20' clean room, and 30' x 30' front shop area.**
    (903) 680-4663
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    506 E Scott St Gilmer, TX 75644
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    Gilmer, TX 75644
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    506 E Scott St Gilmer, TX 75644
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