Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    305 Coke St Hillsboro, TX 76645

    Sponsored
    For Lease
    Contact for pricing

    1,300 SF Restaurant/Retail Available

    Lot size:
    7,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    This exceptional 1,300 square foot retail space, part of a 7,700 square foot, Class B commercial building, presents a fantastic opportunity in the thriving Hillsboro, Texas market. Located at 305 Coke St., this property boasts a convenient location near Walmart, with easy access to State Highway 22 and I-35, ensuring high visibility and substantial foot traffic. Built in 2009, the single-building complex sits on a two-acre lot and is zoned for commercial use. The space is immediately available and ideal for a variety of restaurant or storefront retail concepts. The minimum divisible space is 1,300 square feet, which is also the maximum contiguous space currently available. The building is classified as a multi-tenant property, offering a dynamic and collaborative environment. Its location within Hill County, Texas, and its proximity to major transportation arteries make it an attractive investment for businesses seeking strong exposure and accessibility. The property's strategic placement near a major retailer like Walmart further enhances its appeal to potential tenants. This is a rare opportunity to secure a well-located, readily available retail space in a growing Texas market. The property's 2009 construction ensures modern amenities and efficient layouts. Don't miss this chance to establish your business in a prime location.

    Property Features for 305 Coke St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,700 SF
    Class
    B

    Building Details

    Year Built
    2009
    Buildings
    1

    Unit(s) available at that property

    Space
    300
    Size
    1,300 SF

    We can help!

    Listing Contact
    Tom Heraty
    Tom Heraty

    Learn more

    HighLights

    • Excellent Walmart‑adjacent location.
    • High‑traffic counts ensure strong visibility.
    • Hillsboro retail center offering prime retail space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Hillsboro
    County
    Hill
    State
    Texas
    Longitude
    -97.0982791
    Latitude
    32.0068046

    Nearby Comparable

    • Contact for pricing
      3,244 SF

      Hillsboro Retail/Automotive Property Available

      3,244 SF building on 0.77 acres in Hillsboro, TX.
      1406 Corsicana Hwy, Hillsboro, TX 76645
      View Details
    • $8 SF/Yr
      24,565 SF

      Retail Space Available For Lease

      24,565 square foot retail property for lease.
      1320 Corsicana Hwy, Hillsboro, TX 76645
      View Details
    • $80,000

      IH-35 Hillsboro Commercial Land

      Prime 1.479-acre pad site, high visibility.
      0 1.479 Acres On Tbd Ih35, Hillsboro, TX 76645
      View Details
    • Contact for pricing
      2,785 SF

      Hillsboro Restaurant w/ Drive-Thru

      Prime location, 2785 sq ft, high visibility.
      1510 Corsicana Hwy, Hillsboro, TX 76645
      View Details
    • $2,000 /Mo
      174,240 SF

      Hillsboro Industrial Land for Lease

      4 acres of industrial land in Hillsboro, Texas.
      117 Industrial Loop, Hillsboro, TX 76645
      View Details
    • $750 /Mo
      3,006 SF

      Modern Office Spaces for Lease

      Updated office spaces with shared amenities and utilities included.
      71 N Waco St, Hillsboro, TX 76645
      View Details
    • Contact for pricing

      Land with IH-35 Frontage

      Commercial land for lease with excellent IH-35 access.
      80 N Waco St, Hillsboro, TX 76645
      View Details
    • Contact for pricing
      7,958 SF

      Hillsboro Retail Space For Lease

      Prime Texas storefront, 7,958 sq ft available.
      226 Waco St, Hillsboro, TX 76645
      View Details
    • Contact for pricing
      12,672 SF

      Retail Space in Hillsboro Center

      O'Reilly's anchored strip center in the heart of Hillsboro.
      320-322 S Covington St, Hillsboro, TX 76645
      View Details
    • Contact for pricing
      8,600 SF

      Hillsboro Retail Space For Lease

      Retail space available in O'Reilly's anchored Hillsboro strip center.
      330-370 S Covington St, Hillsboro, TX 76645
      View Details
    • $20 SF/Yr
      1,268 SF

      Hillsboro Automotive Property

      Prime TX car lot, office & garage space.
      105 Walnut St, Hillsboro, TX 76645
      View Details
    • $1,700 /Mo
      3,311 SF

      Downtown Hillsboro Retail Space Available

      Affordable commercial space in Hillsboro's historic downtown square.
      104 W Elm St, Hillsboro, TX 76645
      View Details

    Nearby Similar for Lease

    • $750 /Mo
      3,006 SF

      Modern Office Spaces for Lease

      Updated office spaces with shared amenities and utilities included.
      71 N Waco St, Hillsboro, TX 76645
      View Details
    • $1,700 /Mo
      3,311 SF

      Downtown Hillsboro Retail Space Available

      Affordable commercial space in Hillsboro's historic downtown square.
      104 W Elm St, Hillsboro, TX 76645
      View Details
    • Contact for pricing
      45,000 SF

      Renovated Industrial Space Near IH-35

      45,000 SF industrial space for lease near IH-35.
      1637 State Highway 77, Hillsboro, TX 76645
      View Details
    • $20 SF/Yr
      1,268 SF

      Hillsboro Automotive Property

      Prime TX car lot, office & garage space.
      105 Walnut St, Hillsboro, TX 76645
      View Details
    • Contact for pricing
      7,958 SF

      Hillsboro Retail Space For Lease

      Prime Texas storefront, 7,958 sq ft available.
      226 Waco St, Hillsboro, TX 76645
      View Details
    • Contact for pricing
      2,785 SF

      Hillsboro Restaurant w/ Drive-Thru

      Prime location, 2785 sq ft, high visibility.
      1510 Corsicana Hwy, Hillsboro, TX 76645
      View Details
    • Contact for pricing
      8,600 SF

      Hillsboro Retail Space For Lease

      Retail space available in O'Reilly's anchored Hillsboro strip center.
      330-370 S Covington St, Hillsboro, TX 76645
      View Details
    • Contact for pricing
      12,672 SF

      Retail Space in Hillsboro Center

      O'Reilly's anchored strip center in the heart of Hillsboro.
      320-322 S Covington St, Hillsboro, TX 76645
      View Details
    • Contact for pricing
      3,244 SF

      Hillsboro Retail/Automotive Property Available

      3,244 SF building on 0.77 acres in Hillsboro, TX.
      1406 Corsicana Hwy, Hillsboro, TX 76645
      View Details
    • $8 SF/Yr
      24,565 SF

      Retail Space Available For Lease

      24,565 square foot retail property for lease.
      1320 Corsicana Hwy, Hillsboro, TX 76645
      View Details

    FAQs

    What type of property is this?
    Individual retail property - 1,300 SF Restaurant/Retail Available
    Where is this individual retail property located?
    The property is located at 305 Coke St Hillsboro, TX.
    What are key features of this property?
    This property features: Excellent Walmart-adjacent location.; High-traffic counts ensure strong visibility.; Hillsboro retail center offering prime retail space.
    Request Owner's contact information
    305 Coke St Hillsboro, TX 76645
    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.
    305 Coke St
    Hillsboro, TX 76645
    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
    305 Coke St Hillsboro, TX 76645
    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!
    Listing Contact
    Tom Heraty
    Tom Heraty
    Real Estate License ID: TX
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.