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    219 Elm St Hillsboro, TX 76645

    For Sale
    $225,000

    Profitable Texas Office, 2736 sq ft

    Property size:
    2,736 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This 2,736 square foot executive office building in Hillsboro, Texas, is available for $225,000. Located in the heart of the Central Business District, this single-story, 100% occupied property offers a fantastic investment opportunity. Recent updates and renovations have been completed by the current tenant, a daycare, creating a versatile space ideal for various office uses. The layout includes a reception area, five individual rooms, an office area, a fully functional kitchen, washer and dryer connections, and a fenced outdoor area. The building sits on a 0.17-acre lot and benefits from shared downtown parking. Its prime location is between two thriving businesses, offering excellent visibility and accessibility. The ceiling height ranges from 8 to 10 feet. The property is currently under a gross lease with one year remaining on the lease. The asking price is $225,000, translating to $89.55 per square foot. The property's APN is 113863. This income-producing property presents a compelling opportunity for investors seeking a well-located, updated commercial space in a vibrant Texas town.

    Property Features for 219 Elm St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,736 SF
    Lot Size
    7,405 SF

    Building Details

    Stories
    1
    Units
    1

    HighLights

    • 8‑10 foot ceiling heights.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Hill
    State
    Texas
    Longitude
    -97.1275883
    Latitude
    32.0109931

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    FAQs

    What type of property is this?
    Office Property / Space - Profitable Texas Office, 2736 sq ft
    Where is this office property / space located?
    The property is located at 219 Elm St Hillsboro, TX.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: 8-10 foot ceiling heights.; ;
    Request Owner's contact information
    219 Elm St Hillsboro, TX 76645
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    Hillsboro, TX 76645
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    Realmo Value Estimation

    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.

    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.

    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
    219 Elm St Hillsboro, TX 76645
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