Mixed-Use Commercial Space
155 N 1st Street Hewitt, TX 76643
For Sale
$375,000
2400 SF commercial property featuring office and warehouse space.
Property Size2,400 SF
Price / SF$156.25
Days on Market97
Property Features for 155 N 1st Street
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1985
Listing Agency:
Kelly, Realtors
(254) 741-1500
Listed By:
Kevin Collins · License #0483618
(254) 716-1908
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 26 at 5:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kelly, Realtors
Investment Insights
Based on property information with market context.
This commercial property offers a total of 2400 square feet, featuring a combination of office and warehouse space. The property includes 1600 square feet of climate-controlled office area, along with an 800-square-foot warehouse. The warehouse also contains an additional enclosed, climate-controlled space.
Key Highlights
- 2400 total square feet of property space.
- Includes an 800 square foot warehouse offering flexible usage options.
- 1600 square feet of controlled air space.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.0k | $24.60 |
| − Vacancy | −$16.2k | −$6.74 |
| EGI | $42.9k | $17.86 |
| − OpEx | −$10.7k | −$4.46 |
| NOI | $32.1k | $13.39 |
2,400 SF · lease $24.60/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$459.2K
$401.8K – $535.8K
NOI $32,147 @ 7.0% cap · market cap 8.57%
Second Best
Warehouse
$211.9K
$185.4K – $247.2K
NOI $14,833 @ 7.0% cap · market cap 3.96%
Theoretical Best
Multifamily LT 5
$29.90M
$26.16M – $34.88M
NOI $2,092,869 @ 7.0% cap · market cap 558.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
S&G APPLIANCES
Home Appliance Store
FAQs
What type of property is this?
Warehouse - 2400 SF commercial property featuring office and warehouse space.
Where is this warehouse located?
The property is located at 155 N 1st Street Hewitt, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2400 total square feet of property space.; Includes an 800 square foot warehouse offering flexible usage options.; 1600 square feet of controlled air space.
