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
    The Largest CRE Database in the US with Over 1 Million Listings

    600 N Second St Hico, TX 76457

    Sponsored
    For Sale
    $189,900

    Retail - Hico, TX

    Type:Retail
    Lot size:
    0.18 Acres
    Days on Market:
    6
    Last Refresh:
    Jan 24 at 7:06 pm

    Property Features for 600 N Second St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    R21380
    Lot size
    0.18 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    1960
    Flooring type
    Laminate, Tile
    Building materials
    Stucco
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Christi Black

    BLACK REAL ESTATE (254) 796-4178

    Listing agent Christi Black (254) 796-4178

    Listing date Jan 19, 2026

    MLS# 21108992 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

    Retail Opportunity in Hico, Texas

    This property in Hico, Texas, offers a location suitable for various uses, including office work, retail, food service, or a hobby shop. The lot size is 0.177 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sugar+Ice Snack Bar

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hico
    County
    Hamilton
    State
    Texas
    Longitude
    -98.035829
    Latitude
    31.985133

    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
    • $995,000
      1,960 SF

      Hico Ranch with Grazing Land

      108.321-acre ranch featuring grazing land, ponds, and a farmhouse.
      2315 County Rd 3208, Hico, TX 76457
      View Details
    • $2,950,000
      0.16 Acres

      Historic Hico Opera House

      Premier retail destination in historic downtown Hico, Texas.
      101 N Elm St, Hico, TX 76457
      View Details
    • $999,000
      2,000 SF

      Hico, TX Farm/Ranch Property

      26-acre farm/ranch with custom home near Hico, Texas.
      2440 County Road 243, Hico, TX 76457
      View Details
    • New
      $1,325,000
      1,332 SF

      Expansive Ranch with Hunting Potential

      82.56 acres with ranch house, pasture, and woodland.
      1535 County Road 246, Hico, TX 76457
      View Details
    • $2,160,437
      354.17 Acres

      354 Acres of Unimproved Land

      Secluded 354-acre property near Hico, Hamilton, and Stephenville, Texas.
      7805 County Road 210, Hico, TX 76457
      View Details
    • $199,000
      0.18 Acres

      Office Building in Growing Hico

      Office building in Hico, Texas, with city utilities.
      306 Cedar St, Hico, TX 76457
      View Details
    • $1,990,900
      191.96 Acres

      Texas Ranch with Ag Exemption

      Versatile 191.96 acre ranch near Hico, Texas.
      1705a Cr 122, Hico, TX 76457
      View Details
    • $3,900,000

      Multipurpose Ranch Property Near Hico

      169.75-acre ranch with house, cabin, workshop, and minerals included.
      8245 County Road 239, Hico, TX 76457
      View Details

    FAQs

    What type of property is this?
    Specialty property - Versatile retail or office space in Hico, Texas.
    Where is this specialty property located?
    The property is located at 600 N Second St Hico, TX.
    What is the asking price?
    The asking price for this property is $189,900.
    What are key features of this property?
    This property features: - Versatile location suitable for office, retail, food service, or hobby shop; - Central air conditioning; - Central heating
    (254) 796-4178
    Request Owner's contact information
    600 N Second 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.
    600 N Second 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 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
    600 N Second 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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Christi Black
    (254) 796-4178
    Learn more
    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.