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    Warehouse Building with Drive Doors Title is generated by Realmo AI

    125 S Waco Street, Hillsboro, TX 76645

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    For Lease
    $6 SF/Yr

    COMMERCIAL - Hillsboro, TX

    Lot size:
    0.27 Acres
    Added:
    Apr 24, 2026
    Days on Market:
    40
    Last Refresh:
    Jun 2 at 11:06 pm

    Property Features for 125 S Waco Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Alley, Oversize, Covered, Gated, Off Street, Parking Lot, Garage, RV, Driveway
    Standard status
    Active
    APN
    113021
    Lot size
    0.27 Acres

    Taxes and HOA fees

    Tax Description
    HILLSBORO OT BLK 4 LT 10A

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Concrete, Hardwood, Wood
    Building materials
    Brick
    Roof type
    Built-Up

    We can help!

    Listing Contact
    Joseph Payton

    Listing agent Joseph Payton License #0583730

    Listing office Joe Payton Dallas, TX

    Listing date Apr 24, 2026

    MLS# 21185772

    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.

    HighLights

    • 13,029 SF historic brick building on an 11,550 SF lot in downtown Hillsboro, TX
    • Fenced asphalt parking lot with up to 22 spaces and alley/off‑street/driveway access, including RV and covered/oversize parking
    • 16' ceiling heights with 14x12 (2) and 12x12 (1) drive doors; parking features include gated and garage parking
    • 23 new windows plus newer roof, with new framing and floor repairs; roof is built‑up
    • Public sewer (public sewer) with bathrooms rough‑plumbed; temporary electric service connected and ready for build‑out
    • Approved permits for 4 custom loft apartments or office; located one block from the County courthouse and Hillsboro Town Square

    Overview

    A historic brick building positioned for flexible industrial or commercial uses. The property includes a fenced asphalt parking lot with up to 22 spaces, 16' ceiling heights, and three drive doors: two 14x12 doors and one 12x12 door. Bathrooms are rough-plumbed, and temporary electric service has been connected, making the shell ready for tenant improvements and final connections. Recent upgrades include 23 new windows, a newer roof, and new framing and floor repairs. The building is being offered as a clean, workable space for a straightforward build-out.

    Located in downtown Hillsboro within the Hill County CBD, the property is across from Brookshire’s grocery. The listing notes approximately 9,573 vehicles per day. It is one block from the County courthouse and Hillsboro Town Square, with Buc-ee’s and Super Walmart about five minutes away.

    For tenants or investors, this is a practical candidate for light warehouse needs, service and distribution concepts, or an office-focused build-out given the existing structure and rough-plumbed restrooms. Alternative development is also supported: approved permits are referenced for building four custom loft apartments or office space, offering an additional pathway for adaptive reuse.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    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 — 700 Abbott Ave, Hillsboro, TX 76645
    • Apex Grain Co LLC — 504 S Waco St, Hillsboro, TX 76645

    Location Insight

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

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    FAQs

    What type of property is this?
    Warehouse - Historic brick warehouse with fenced asphalt parking, 16' ceilings, and multiple drive doors—ready for power and build-out.
    Where is this warehouse located?
    The property is located at 125 S Waco Street Hillsboro, TX.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 13,029 SF historic brick building on an 11,550 SF lot in downtown Hillsboro, TX; Fenced asphalt parking lot with up to 22 spaces and alley/off‑street/driveway access, including RV and covered/oversize parking; 16' ceiling heights with 14x12 (2) and 12x12 (1) drive doors; parking features include gated and garage parking
    (214) 290-8085
    We can help!
    Listing Contact
    Joseph Payton
    Real Estate License ID: 0583730
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    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.

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