Sign Up Successful!
You now have access to more from Realmo!
    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

    71 N Waco St Hillsboro, TX 76645

    Sponsored
    For Lease
    $750 /Mo ($2 SF/Yr)

    Office - Hillsboro, TX

    Type:Office
    Lot size:
    0.07 Acres
    Days on Market:
    404
    Last Refresh:
    Jan 23 at 9:06 pm

    Property Features for 71 N Waco St

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active
    APN
    134120
    Parking features
    On Street, Open
    Lot size
    0.07 Acres

    Utilities

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

    Building Details

    Year built
    1945
    Flooring type
    Laminate
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Jamie Siddons
    Jamie Siddons

    Julie Siddons Realtors (254) 582-0077

    Listing agent Jamie Siddons (254) 582-0077 License #0443689

    Listing date Dec 16, 2024

    MLS# 20773753 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

    Modern Office Spaces for Lease

    Multiple office spaces are available for lease within a modern, fully updated building. Options include one large office space, two medium-sized office spaces, and one small office space. All offices feature secure keypad access. Tenants have shared access to a reception area, a fully equipped conference room, a kitchen, and two bathrooms. Utilities are included.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Hill
    State
    Texas
    Longitude
    -97.129832
    Latitude
    32.01092

    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
    • 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
    • $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
    • 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
    • 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
      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
      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
      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
    • $8 SF/Yr
      24,565 SF

      Retail Space Available For Lease

      24,565 square foot retail property for lease.
      1320 Corsicana Hwy, Hillsboro, TX 76645
      View Details

    FAQs

    What type of property is this?
    Office space - Updated office spaces with shared amenities and utilities included.
    Where is this office space located?
    The property is located at 71 N Waco St Hillsboro, TX.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: - Multiple office space options available: large, medium, and small.; - All utilities included in the monthly lease price.; - Shared access to a stylish reception area, fully equipped conference room, kitchen, and bathrooms.
    (254) 582-0077
    Request Owner's contact information
    71 N 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.
    71 N 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
    71 N 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
    Jamie Siddons
    Jamie Siddons
    Real Estate License ID: 0443689
    (254) 582-0077
    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.