Controlled-Air
For Sale
$375,000
155 N 1st St, Hewitt, TX 76643
Warehouse property combining enclosed controlled-air space with a dedicated warehouse area.
Property Size2,400 SF
Price / SF$156.25
Days on Market60
Property Features for 155 N 1st St
General Information
Standard status
Active
Size
2,400 SF
Additional Details
Warehouse Space
800 SF
Building Details
Year Built
1985
Listing Agency:
Kelly, Realtors
Listed By:
Kevin Collins · License #0483618
(254) 741-1500
Source:
Heritance
Added: Aug 17
Changed: Oct 14
Last Checked: Oct 7 at 2:54PM
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
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Investment Insights
Based on property information with market context.
This 2,400-square-foot warehouse property includes 1,600 square feet of controlled-air space and an 800-square-foot warehouse area. The layout also provides additional enclosed controlled-air space within the property, creating a combination of warehouse and controlled-environment areas.
Built in 1985, the property is located at 155 N 1st St in Hewitt, Texas. Its defined mix of warehouse and controlled-air areas offers a straightforward commercial configuration for users requiring both storage and enclosed temperature-managed space.
Built in 1985, the property is located at 155 N 1st St in Hewitt, Texas. Its defined mix of warehouse and controlled-air areas offers a straightforward commercial configuration for users requiring both storage and enclosed temperature-managed space.
Key Highlights
- 2,400 total square feet
- 1,600 square feet of controlled‑air space
- 800‑square‑foot warehouse area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,222
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,440
$344.4K
Cap Rate 7%
$246,029
$246.0K
Cap Rate 9%
$191,356
$191.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$28.8K $12.00/SF
− Vacancy
−$2.3K −$0.96/SF
EGI
$26.5K $11.04/SF
− OpEx
−$9.3K −$3.86/SF
NOI
$17.2K $7.18/SF
Area
McLennan County, TX
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,440
Cap Rate 7%
$246,029
Cap Rate 9%
$191,356
Alternative Uses
Best Use
Flex RnD
$246.0K
$215.3K – $287.0K
NOI $17,222 @ 7.0% cap · market cap 4.59%
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76643, TX
16,044
Population
6,231
Households
2.6
Avg Household Size
42
Median Age
37%
College-Educated
95%
High-School Grad
7.6 sq mi
ZIP Area
2,111
Density / Sq Mi
$83,798
Median Household Income
$50,432
Median Earnings
$1,389
Median Rent
$252,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property combining enclosed controlled-air space with a dedicated warehouse area.
Where is this warehouse located?
The property is located at 155 N 1st St 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: 2,400 total square feet; 1,600 square feet of controlled‑air space; 800‑square‑foot warehouse area
