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    Property profile & analytics

    107 Lubbock St Gorman, TX 76454-3027

    • Commercial real estate
    • 2,760 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 02, 2022
    Location Intelligence
    Property ID
    US83-1730245
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Raycecar Tire & Auto / Tire Repair Shop

    Property Details for 107 Lubbock St

    Year built
    1950
    Lot size
    0.26 lot acres
    Property size
    2,760 SF
    Property type
    Commercial real estate
    APN
    15294
    APU
    15294

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gorman
    County
    Eastland
    State
    Texas
    Longitude
    -98.6703
    Latitude
    32.2136

    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
    2022
    $340
    $2,500
    $28,690
    $31,190
    -
    $2,500
    $28,690
    $31,190

    Comparable in this City

    • Value Estimation by Request
      1,500 SF

      Kent St

      COMMERCIAL (GENERAL) • 1,500 SF
      Kent St, Gorman, TX 76454
      View Details
    • Value Estimation by Request
      3,580 SF

      117 Kent St

      COMMERCIAL (GENERAL) • 3,580 SF
      117 Kent St, Gorman, TX 76454-3060
      View Details
    • Value Estimation by Request
      12,430 SF

      205 Kent St

      COMMERCIAL (GENERAL) • 12,430 SF
      205 Kent St, Gorman, TX 76454
      View Details
    • Value Estimation by Request
      3,240 SF

      Lubbock St

      COMMERCIAL (GENERAL) • 3,240 SF
      Lubbock St, Gorman, TX 76454
      View Details
    • Value Estimation by Request
      768 SF

      111 Roberts St

      COMMERCIAL (GENERAL) • 768 SF
      111 Roberts St, Gorman, TX 76454-3071
      View Details
    • Value Estimation by Request
      7,712 SF

      109 Roberts St

      COMMERCIAL (GENERAL) • 7,712 SF
      109 Roberts St, Gorman, TX 76454-3071
      View Details

    Similar Nearby for Sale

    • $280,000
      10,005 SF

      Historic Gorman Commercial Gem

      Restaurant, Event Space, & Potential Airbnb
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    • $1,365,000

      Gorman, TX Agricultural Property

      Agricultural property available for sale in Gorman, Texas.
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    • $80,000
      3,800 SF

      102 Lubbock St, Gorman, TX 76454

      Investment properties • 3,800 SF
      102 Lubbock St, Gorman, TX 76454
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    • $819,800
      81.98 Acres

      81.98 Acres of Unimproved Land

      Unimproved land with potential for building or livestock operation.
      482 Tbd County Rd, Gorman, TX 76454
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    • $211,050
      21.00 Acres

      20 Acres with Pecan Trees

      20 acres in Gorman, TX, featuring mature pecan trees.
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      54.40 Acres

      Secluded Ranch with Farmhouse Potential

      54.4 acre ranch featuring cultivated land, abundant wildlife.
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    107 Lubbock St
    Gorman, TX 76454-3027
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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
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