Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    208 Hewitt Dr Waco, TX 76712

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Waco retail space, single tenancy.

    Lot size:
    2,800 SF

    Property Features for 208 Hewitt Dr

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,800 SF

    Spaces For Lease

    at 208 Hewitt Dr, Waco, TX 76712 Contact us
    Unit

    $20 /Mo

    Size
    2,800 SF
    Contact us

    We can help!

    Listing Contact
    Colt Kelly
    Colt Kelly

    Listing Agent: Colt Kelly

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional retail property, located at 208 Hewitt Drive, Suite 300, Waco, Texas 76712, presents a fantastic opportunity for a discerning business owner. The property is classified as C-3 zoned, allowing for a wide range of commercial uses. The space is a single-tenancy unit, ideal for a business seeking a dedicated and independent location. Situated in Waco, Texas, this property benefits from excellent visibility and accessibility, making it an attractive proposition for attracting customers. The precise square footage is not specified, but the single-tenancy nature suggests a manageable and potentially highly efficient layout. The property's location at 31.4953933 latitude and -97.2182342 longitude offers easy access to major transportation routes and is within close proximity to Waco's vibrant commercial district. This presents a unique chance to establish or expand a business in a thriving Texas market. The property type is explicitly defined as retail, making it suitable for a variety of retail ventures. Further details regarding lease terms and conditions are available upon request. Interested parties are encouraged to contact us to schedule a viewing and discuss this exciting opportunity. This property is ready for immediate occupancy and offers a chance to secure a prime location in a growing city.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The UPS Store Courier Service Starbucks Cafe & Coffee Shop MAGICMAN PRODUCTIONS Film Production AG Southwest, LLC. Insurance Agency Ocean Group Homes General Contractor

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    Mclennan
    State
    Texas
    Longitude
    -97.2182342
    Latitude
    31.4953933

    Nearby Similar for Lease

    • $3,774 /Mo
      6,970 SF

      High-Visibility Office Space in Waco

      Move-in ready office space in a high-traffic commercial corridor.
      720 Lake Air Dr, Waco, TX 76710
      View Details
    • $7,252 /Mo
      4,800 SF

      Retail Space in High-Traffic Area

      4,800 SF retail space in a thriving commercial hub.
      1300 Lake Air Dr, Waco, TX 76710
      View Details
    • $3,000 /Mo
      20,604 SF

      Waco Retail Space For Lease

      High-visibility retail space in Waco, near Bosque Boulevard.
      1311 N New Rd, Waco, TX 76710
      View Details
    • $12 SF/Yr
      2,775 SF

      Downtown Waco Office/Retail Space

      2,775 SF office/retail space in downtown Waco for lease.
      1101 Washington Ave, Waco, TX 76701
      View Details
    • $400 /Mo
      5,322 SF

      Professional Office Space Available

      Full-service office space in a convenient West Waco location.
      1838 N Valley Mills Dr, Waco, TX 76710
      View Details
    • $11 SF/Yr
      10,472 SF

      Waco Office Building For Lease

      10,472 SF office building with high visibility and flexible use.
      1700 W Waco Dr, Waco, TX 76701
      View Details
    • $400 /Mo
      10,761 SF

      Professional Office Space on Franklin

      Office space for lease in central Waco with convenient access.
      4949 Franklin Ave, Waco, TX 76710
      View Details
    • $13 SF/Yr
      17,600 SF

      Warehouse with Showroom and Offices

      17,600 SF warehouse with showroom, offices, and fenced yard.
      1900 Loop 340 W, Waco, TX 76712
      View Details
    • $24 SF/Yr
      12,936 SF

      Retail/Office/Medical Space For Lease

      Shell space suitable for retail, office, or medical use.
      1120 Lake Air Dr, Waco, TX 76710
      View Details
    • $30 SF/Yr
      719 SF

      Retail Space on Austin Avenue

      Retail space for rent with great visibility on Austin Avenue.
      1501-1509 Austin Ave, Waco, TX 76701
      View Details
    • $16 SF/Yr
      3,854 SF

      Retail or Office Space Available

      Retail or office space with high visibility and parking.
      718-722 N Valley Mills Dr, Waco, TX 76711
      View Details
    • $16 SF/Yr
      4,748 SF

      Stand Alone Office Space Available

      Stand alone office space with easy access and ample parking.
      5211 Lake Shore Dr, Waco, TX 76710
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Waco retail space, single tenancy.
    Where is this retail property located?
    The property is located at 208 Hewitt Dr Waco, TX.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: NNN Rent: $12.08/SF/Year (Estimated); Starbucks and UPS as Anchors; Excellent Location near HEB plus! and other National Tenants
    (254) 741-1500 Call to check price and availability
    Request Owner's contact information
    208 Hewitt Dr Waco, TX 76712
    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.
    208 Hewitt Dr
    Waco, TX 76712
    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
    208 Hewitt Dr Waco, TX 76712
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Colt Kelly
    Colt Kelly
    Real Estate License ID: 0717734
    (254) 741-1500 (817) 991-0182
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!