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    621 1St St Hereford, TX 79045

    For Sale
    $480,000

    High-traffic area, excellent investment opportunity.

    Property size:
    4,461 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This 4,461 square foot commercial building is situated on a 0.29-acre lot at 621 E 1st Street in Hereford, Texas. Its prime location directly off Highway 60 ensures high visibility and accessibility, making it ideal for a variety of businesses seeking to expand their reach and revenue. The property offers ample space for a wide range of commercial uses, providing significant potential for growth and profitability. The building's size and strategic location present a unique opportunity for entrepreneurs and established businesses alike. This property is priced competitively at $480,000, representing a strong value proposition in the current market. Given its prominent location and substantial square footage, this commercial property is poised for success and represents a compelling investment opportunity in a thriving Texas community. The property's convenient highway access ensures easy commutes for employees and customers, further enhancing its appeal. Serious inquiries are encouraged to explore the possibilities this exceptional commercial space offers. Don't miss this chance to secure a prime location for your business venture in Hereford, Texas.

    Property Features for 621 1St St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,461 SF
    Lot Size
    12,632 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    Hereford
    County
    Deaf Smith
    State
    Texas
    Longitude
    -102.3921
    Latitude
    34.81818

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic area, excellent investment opportunity.
    Where is this commercial real estate located?
    The property is located at 621 1St St Hereford, TX.
    What is the asking price?
    The asking price for this property is $480,000.
    (214) 202-7615
    Request Owner's contact information
    621 1St St Hereford, TX 79045
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    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
    621 1St St Hereford, TX 79045
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