Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    101 N Elm St Hico, TX 76457

    New
    For Sale
    $2,950,000

    Retail - Hico, TX

    Type:Retail
    Lot size:
    0.16 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 5 at 10:06 am

    Property Features for 101 N Elm St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    R20123
    Parking features
    On Street, Open
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1895
    Flooring type
    Concrete, Tile
    Building materials
    Brick, Concrete
    Architectural style
    Other

    Realty Of America, LLC (281) 861-6199

    Listing agent Jonathan Cook (512) 788-9495 License #0634613

    Listing date Dec 2, 2025

    MLS# 21121041 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

    Historic Hico Opera House

    Located on a corner lot in downtown Hico, Texas, the Hico Mercantile is a retail destination. The offering includes a retail operation, intellectual property, and real estate. The real estate consists of the historic 1895 Opera House building. The business has established marketing channels and a customer base. Annual events drive traffic and community engagement. A vendor mix keeps the shopping experience fresh and in high demand. Long-standing vendor partnerships provide consistency and predictable revenue. The revenue model blends rental income and commission streams. The property is positioned for continued expansion.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hico Mercantile Home Goods Store

    Suggested Use

    Realty agency Spa & Massage Dental Office Hair Salon Restaurant Skin Care Clinic Gym & Fitness Pharmacy Building Supply Wholesale Shop

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

    Similar Places Nearby

    Cherish the Day

    Location Insight

    • Map
    • Local Demand
    City
    Hico
    County
    Hamilton
    State
    Texas
    Longitude
    -98.03214
    Latitude
    31.981859

    Nearby Similar for Sale

    • $895,000
      2,400 SF

      Texas Ranch with Barndominium

      36.46 acre Texas ranch featuring a barndominium and workshop.
      1204 County Road 122, Hico, TX 76457
      View Details
    • $3,499,000
      3,500 SF

      Turnkey Dairy Farm on 221 Acres

      Fully equipped commercial dairy farm in Hamilton County, Texas.
      910 E Fm 219, Hico, TX 76457
      View Details
    • $2,495,000
      2,846 SF

      Erath County Ranch with Airstrip

      102 acre ranch with custom home and grass airstrip.
      2707 County Road 247, Hico, TX 76457
      View Details
    • $599,000
      1,400 SF

      Turnkey Horse Property on 25+ Acres

      Budget-friendly horse property with two homes and excellent sandy arena.
      4295 County Road 239, Hico, TX 76457
      View Details
    • New
      $4,395,000
      100.00 Acres

      Hico Ranch with Lake View

      100-acre ranch featuring a lake, main house, and guest house.
      2574 County Road 211, Hico, TX 76457
      View Details
    • $2,844,000
      4,208 SF

      Texas Ranch Estate with Luxury Home

      Sprawling 236-acre ranch with luxury home, ponds, and barns.
      1689 County Road 295, Hico, TX 76457
      View Details

    FAQs

    What type of property is this?
    Storefront property - Premier retail destination in historic downtown Hico, Texas.
    Where is this storefront property located?
    The property is located at 101 N Elm St Hico, TX.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: - Thriving, established retail business with consistent sales history, repeat customers, and proven revenue model.; - Historic 1895 Opera House building, a significant architectural landmark in downtown Hico on a corner lot.; - Strong branding, established marketing channels, and a large, loyal customer base with a growing social media presence.
    (512) 788-9495
    Request Owner's contact information
    101 N Elm St Hico, TX 76457
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    101 N Elm St
    Hico, TX 76457
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    101 N Elm St Hico, TX 76457
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.