Two-Story Flex
611 W Spring Valley Road, Hewitt, TX 76643
For Sale
$479,000
CommercialSale, Hewitt, TX
Property Size6,504 SF
Lot Size0.58 Acres
Price / SF$73.65
Days on Market187
Property Features for 611 W Spring Valley Road
General Information
Property type
Property subtype
Zoning description
Parking features
Subdivision
Directions
Standard status
APN
Size
Lot size
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Graceland Real Estate
Listed By:
Patricia Meadows · License TX #0488304
(254) 772-7788
Added: May 9
Changed: Oct 22
Last Checked: Nov 11 at 4:06AM
MLS# 21189820
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.
This 6,504-square-foot flex property occupies two stories on approximately 0.579 acres. The building includes multiple rooms, bathrooms, a full kitchen area, and several entrances that may support separate access points. Its prior use as a daycare and dance studio provides a flexible interior configuration for office, medical, professional service, restaurant, coffee shop, or fitness applications. Construction dates to 1986, with carpet flooring, electric heat, central air, composition roofing, and board-and-batten siding. The roof was replaced in 2017.
Located on W Spring Valley Road in Hewitt, the property has a parking lot and public water and sewer service. Access is available to Interstate 35, Highway 6, and Highway 84, connecting the site with surrounding communities.
Located on W Spring Valley Road in Hewitt, the property has a parking lot and public water and sewer service. Access is available to Interstate 35, Highway 6, and Highway 84, connecting the site with surrounding communities.
Key Highlights
- 6,504‑square‑foot, two‑story commercial building
- Approximately 0.579 acres on 611 W Spring Valley Road
- Multiple entrances, full kitchen area, bathrooms, and multiple rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,104
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,080
$662.1K
Cap Rate 7%
$472,914
$472.9K
Cap Rate 9%
$367,822
$367.8K
Market Conditions
NOI Build-Up for 6,504 SF
Gross rent
$50.5K $7.76/SF
− Vacancy
−$3.2K −$0.49/SF
EGI
$47.3K $7.27/SF
− OpEx
−$14.2K −$2.18/SF
NOI
$33.1K $5.09/SF
Area
McLennan County, TX
Vacancy
6.30%
Lease Rate
$7.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,080
Cap Rate 7%
$472,914
Cap Rate 9%
$367,822
Alternative Uses
Best Use
Office B
$1.24M
$1.09M – $1.45M
NOI $87,119 @ 7.0% cap · market cap 18.19%
Second Best
Flex RnD
$666.8K
$583.4K – $777.9K
NOI $46,673 @ 7.0% cap · market cap 9.74%
Theoretical Best
Specialty Retail
$1.66M
$1.45M – $1.94M
NOI $116,276 @ 7.0% cap · market cap 24.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
109
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
Properties on Market for Flex space in McLennan County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial layout with multiple entrances, a full kitchen, bathrooms, and on-site parking.
Where is this flex space located?
The property is located at 611 W Spring Valley Road Hewitt, TX.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: 6,504‑square‑foot, two‑story commercial building; Approximately 0.579 acres on 611 W Spring Valley Road; Multiple entrances, full kitchen area, bathrooms, and multiple rooms
