Controlled-Air Flex
For Sale
$330,000
155 N 1st Street, Hewitt, TX 76643
CommercialSale, Hewitt, TX
Property Size2,400 SF
Lot Size0.38 Acres
Price / SF$137.50
Days on Market100
Property Features for 155 N 1st Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C-O
Subdivision
Arnold-Allen Add
Directions
Highway 84 to South on Hewitt drive to left on 1st street to property on the left.
Standard status
Active
APN
363015000004004
Lot size
0.38 Acres
Taxes and HOA fees
Tax Description
ARNOLD-ALLEN ADD LOT 4 BLOCK 1 ACRES .3806
Tax Annual Amount
6334
Legal Description
ARNOLD-ALLEN ADD LOT 4 BLOCK 1 ACRES .3806
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1985
Floors in Building
1
Number of units
1
Flooring type
Tile, Concrete
Building materials
SteelSiding
Roof type
Metal
Listing Agency:
Kelly, Realtors
(254) 741-1500
Listed By:
Kevin Collins · License #0483618
(254) 716-1908
Added: Jul 10
Changed: Oct 13
Last Checked: Oct 17 at 1:06PM
MLS# 21240252
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.
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Investment Insights
Based on property information with market context.
Built in 1985, this 2,400-square-foot flex property combines controlled-air space with warehouse functionality. Approximately 1,600 square feet is controlled air, while the 800-square-foot warehouse includes additional enclosed controlled-air space. Concrete and tile flooring support a practical interior configuration.
The 0.381-acre property is located at 155 N 1st Street in Hewitt, Texas. Building systems include central electric heating and central air conditioning, with public water and public sewer service. Steel siding and a metal roof complete the exterior construction.
The 0.381-acre property is located at 155 N 1st Street in Hewitt, Texas. Building systems include central electric heating and central air conditioning, with public water and public sewer service. Steel siding and a metal roof complete the exterior construction.
Key Highlights
- 2400 total square feet with 1600 controlled air
- 800 square feet of warehouse area with additional enclosed controlled air space
- 0.381‑acre site in Hewitt, TX
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,222
Cap Rate
5.22%
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 5.22%
Second Best
Warehouse
$211.9K
$185.4K – $247.2K
NOI $14,833 @ 7.0% cap · market cap 4.49%
Theoretical Best
Multifamily LT 5
$29.90M
$26.16M – $34.88M
NOI $2,092,869 @ 7.0% cap · market cap 634.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
243
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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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Steel-sided flex property with climate-controlled areas and a separate warehouse component.
Where is this flex space located?
The property is located at 155 N 1st Street Hewitt, TX.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 2400 total square feet with 1600 controlled air; 800 square feet of warehouse area with additional enclosed controlled air space; 0.381‑acre site in Hewitt, TX
