Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Hamilton Commercial Building with Kitchen Title is generated by Realmo AI

    520 N Rice Street, Hamilton, TX 76531

    View on Map
    Claim this Listing
    For Sale
    $549,000

    Commercial building with kitchen, multiple rooms, and separate entrances.

    Type:Commercial
    Property size:
    4,500 SF
    Price / SF:
    $122/SF
    Added:
    Apr 22, 2026
    Days on Market:
    43
    Last Refresh:
    Apr 22 at 5:44 pm

    Property Features for 520 N Rice Street

    General Information

    Standard status
    Active
    Size
    4,500 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1940

    We can help!

    Listing Contact
    Lindy Burks

    Listing agent Lindy Burks

    Listing office BURKS REAL ESTATE

    Listing date Apr 22, 2026

    Source Signaturere

    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 BURKS REAL ESTATE

    HighLights

    • Over 7,200 sq ft of commercial space near downtown Hamilton.
    • Separate entrances to each floor via new back stairs.
    • Updated electricity and new windows throughout.
    • Two large spaces on the first floor with a commercial kitchen.
    • Second story with multiple rooms and four full baths.
    • Accessible from Hwy 281 with several parking spaces.

    Overview

    This commercial building, located near downtown Hamilton, offers over 7,200 square feet of space. The first floor includes two large spaces, a commercial kitchen, a half bath, and a lower level. The second story features several rooms and four full baths. Recent updates include fresh interior paint, new windows, and updated electricity. New stairs on the backside of the building provide a separate entrance to the second story, allowing for independent access to each floor. The property is accessible from Hwy 281 and includes several parking spaces. The property size is 4,500 square feet.
    Location Intelligence

    Current Use by Public Records

    Commercial kitchens

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hamilton
    County
    Hamilton
    State
    Texas
    Longitude
    -98.12532
    Latitude
    31.7002

    Nearby Similar for Sale

    • $249,000
      2,026 SF

      Restaurant Opportunity on Highway 281

      Long-standing restaurant with expansion potential off Highway 281.
      702 S Rice Street, Hamilton, TX 76531
      View Details
    • $549,000

      Restaurant and Retail Building

      Multi-level building with commercial kitchen, multiple first-floor spaces, and separate second-floor access options near downtown.
      520 N Rice Street, Hamilton, TX 76531
      View Details
    • $724,900
      600 SF

      Texas Ranch with Renovated Cabin

      80-acre ranch featuring a renovated cabin and ample farmland.
      386 County Road 604, Hamilton, TX 76531
      View Details
    • $449,000

      Multi-Level Event Venue with Silo Bar

      Built in 2020 with an updated 2024 kitchen, this venue combines dining, a full bar, and performance space for events.
      110 S Bell Street, Hamilton, TX 76531
      View Details
    • $649,000

      Texas Ranch Land For Sale

      92-acre farm and ranch property in Southeast Hamilton County.
      0000 FM 1241, Hamilton, TX 76531
      View Details
    • $249,000

      Established Restaurant with Expansion Potential

      Long-standing restaurant on a large lot with highway visibility.
      702 S Rice St, Hamilton, TX 76531
      View Details
    • $391,000

      Hamilton Ranch with Grazing Land

      46-acre ranch featuring a barn, tank, and grazing land.
      TBD3 CR 619, Hamilton, TX 76531
      View Details
    • $2,650,000
      12,498,670 SF

      Hamilton County Ranch with Creek

      286.93-acre ranch featuring creek frontage and recreational opportunities.
      1233 County Road 434, Hamilton, TX 76531
      View Details
    • $825,000
      1,500 SF

      Texas Barndominium on 66 Acres

      Versatile Texas property with barndominium, shop, and agricultural land.
      990 County Road 518, Hamilton, TX 76531
      View Details
    • $549,000
      7,144 SF

      Hamilton Commercial Building with Kitchen

      Commercial building with kitchen near downtown Hamilton, Texas.
      520 N Rice Street, Hamilton, TX 76531
      View Details
    • $1,250,000
      1,620 SF

      Turnkey Ranch with Wildlife Habitat

      Private 90-acre ranch ready for hunting and livestock.
      1784 County Road 610, Hamilton, TX 76531
      View Details
    • $339,000

      Historic Commercial Building on Square

      Commercial building in Hamilton, TX, ideal for various businesses.
      117 N Rice Street, Hamilton, TX 76531
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Commercial building with kitchen, multiple rooms, and separate entrances.
    Where is this mixed-use property located?
    The property is located at 520 N Rice Street Hamilton, TX.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: Over 7,200 sq ft of commercial space near downtown Hamilton.; Separate entrances to each floor via new back stairs.; Updated electricity and new windows throughout.
    We can help!
    Listing Contact
    Lindy Burks
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    520 N Rice Street, Hamilton, TX 76531
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!