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Property summary
This versatile 4,218 square foot commercial property, situated on 0.87 acres at 1401 Highway 84 Bypass in Coleman, TX, presents a unique investment opportunity. Formerly a restaurant, the building has been converted into three individual apartment units, each with its own distinct layout. Unit A features one bedroom, a full bathroom, kitchen, and living area. Unit B offers three bedrooms, one bathroom, a kitchen, dining area, and a spacious living area. Unit C boasts an open floor plan… encompassing a large kitchen, living, and dining area, along with three bedrooms and one bathroom. All units include laminate or tile flooring, high ceilings, ceiling fans, and gas fixtures for heating. Some units have multi-split or window air conditioning units. The building has an older HVAC system, currently non-functional. There are no laundry facilities on-site. A former commercial kitchen area is located in the southeast corner, but all appliances have been removed. The brick building sits on a slab foundation with a composition roof. Its prime location on the Highway 84 Bypass ensures high visibility and traffic flow, making it ideal for a new business or restaurant. The property is adjacent to a motel and apartment complex. Buyer to verify compliance with city codes for residential use. The high demand for residential units in Coleman makes this property suitable for continued use as apartments.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 700 SF
- Lot area
- 1.67 ac
- APN
- R10160
- Assessed value · 2023
- $1,162,450
- Annual tax · 2022
- $36,269
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- NOI Potential
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- Alternative use
- Local Zoning Insight
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- Ownership
- Owner Contacts
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- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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