Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    125 S Waco St Hillsboro, TX 76645

    Sponsored
    For Lease
    $6 SF/Yr ($5,776 /Mo)

    Warehouse - Hillsboro, TX

    Type:Warehouse
    Property size:
    13,029 SF
    Lot size:
    0.27 Acres
    Days on Market:
    8
    Last Refresh:
    Feb 27 at 9:06 am

    Property Features for 125 S Waco St

    General Information

    Property type
    Other
    Property subtype
    Warehouse
    Standard status
    Active
    APN
    113021
    Parking features
    Covered, Driveway, Garage, Gated, Off Street, Oversized, Parking Lot, Paved or Surfaced, RV, Secured, Workshop
    Size
    13,029 SF
    Lot size
    0.27 Acres

    Utilities

    Heating system
    None (Heating), Other (Heating)

    Building Details

    Year built
    1900
    Flooring type
    Concrete, Hardwood, Wood
    Building materials
    Brick
    Roof type
    Built-Up
    Architectural style
    Other

    We can help!

    Listing Contact
    Joseph Payton

    Joe Payton (214) 290-8085

    Listing agent Joseph Payton (214) 290-8085 License #0583730

    Listing date Feb 20, 2026

    MLS# 21185772 Listing URL

    Copyright © 2026 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.

    Learn more

    Property Insight Report

    Overview

    Hillsboro Warehouse Ready for Build-Out

    This 13,029 square foot warehouse is located in downtown Hillsboro, Texas, on an 11,550 square foot lot. The property features a fenced asphalt parking lot with up to 22 parking spaces and 16-foot ceiling heights. It includes two 14x12 drive doors and one 12x12 drive door. The bathrooms are rough-plumbed, and temporary electric service is connected, making the building ready for build-out. This historic brick building has 23 new windows, a newer roof, new framing, and floor repairs. The property is located across from Brookshire’s grocery, which sees traffic of 9,573 vehicles per day. Situated in the CBD for Hill County, it is one block from the County courthouse and Hillsboro Town Square, and five minutes from Buc-ee's and Super Walmart. Hillsboro is located 55 minutes south of Dallas and Fort Worth at the fork of I-35 W and I-35 E, and 35 minutes north of Waco in the Texas Golden Triangle. The property has approved permits ready to build 4 custom loft apartments or office. This is a clean building ready to connect power and finish bathrooms and move in.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    Hillsboro Grain & Storage, Apex Grain Co LLC

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Hill
    State
    Texas
    Longitude
    -97.129682
    Latitude
    32.00961

    Nearby Similar for Lease

    • $1,700 /Mo
      3,311 SF

      Downtown Hillsboro Retail Space Available

      Affordable commercial space in Hillsboro's historic downtown square.
      104 W Elm St, Hillsboro, TX 76645
      View Details
    • $750 /Mo
      3,006 SF

      Modern Office Spaces for Lease

      Updated office spaces with shared amenities and utilities included.
      71 N Waco St, Hillsboro, TX 76645
      View Details
    • Contact for pricing
      45,000 SF

      Renovated Industrial Space Near IH-35

      45,000 SF industrial space for lease near IH-35.
      1637 State Highway 77, Hillsboro, TX 76645
      View Details
    • Contact for pricing
      3,244 SF

      Hillsboro Retail/Automotive Property Available

      3,244 SF building on 0.77 acres in Hillsboro, TX.
      1406 Corsicana Hwy, Hillsboro, TX 76645
      View Details
    • Contact for pricing
      12,672 SF

      Retail Space in Hillsboro Center

      O'Reilly's anchored strip center in the heart of Hillsboro.
      320-322 S Covington St, Hillsboro, TX 76645
      View Details
    • Contact for pricing
      8,600 SF

      Hillsboro Retail Space For Lease

      Retail space available in O'Reilly's anchored Hillsboro strip center.
      330-370 S Covington St, Hillsboro, TX 76645
      View Details
    • Contact for pricing
      24,565 SF

      Retail Space Available For Lease

      24,565 square foot retail property for lease.
      1320 Corsicana Hwy, Hillsboro, TX 76645
      View Details
    • Contact for pricing
      2,785 SF

      Hillsboro Restaurant w/ Drive-Thru

      Prime location, 2785 sq ft, high visibility.
      1510 Corsicana Hwy, Hillsboro, TX 76645
      View Details
    • Contact for pricing
      7,958 SF

      Hillsboro Retail Space For Lease

      Prime Texas storefront, 7,958 sq ft available.
      226 Waco St, Hillsboro, TX 76645
      View Details
    • $20 SF/Yr
      1,268 SF

      Hillsboro Automotive Property

      Prime TX car lot, office & garage space.
      105 Walnut St, Hillsboro, TX 76645
      View Details
    • Contact for pricing
      7,700 SF

      Prime Hillsboro Retail Space

      1,300 SF Restaurant/Retail Available
      305 Coke St, Hillsboro, TX 76645
      View Details

    FAQs

    What type of property is this?
    Warehouse - 13,029 SF warehouse in downtown Hillsboro, Texas.
    Where is this warehouse located?
    The property is located at 125 S Waco St Hillsboro, TX.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: - Approved permits for 4 custom loft apartments or office build-out.; - Strategic location in downtown Hillsboro, one block from the County courthouse and Hillsboro Town Square, across from Brookshire's grocery.; - Substantial 13,029 sf building with 16’ ceiling heights and fenced asphalt parking lot (up to 22 spaces).
    (214) 290-8085
    Request Owner's contact information
    125 S Waco St Hillsboro, TX 76645
    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.
    125 S Waco St
    Hillsboro, TX 76645
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    125 S Waco St Hillsboro, TX 76645
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Joseph Payton
    Real Estate License ID: 0583730
    (214) 290-8085 (512) 469-9595
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!