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    1005 1St St Hereford, TX 79045

    For Lease
    $18 SF/Yr ($6,000 /Mo)

    Prime Hereford Retail Space - High Visibility

    Lot size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional freestanding retail property, located at 1005 W 1st Street in Hereford, Texas, presents a unique investment opportunity. Boasting a total of 4,000 square feet, the building was constructed in 2017 and sits on a generous 1.17-acre lot. Currently, 1,929 square feet of retail space is available for lease, offering significant potential for a variety of businesses. The property enjoys a highly desirable location on a major retail and commercial thoroughfare in Deaf Smith County, ensuring excellent visibility and accessibility for customers. Its strategic placement benefits from co-tenancy with established businesses such as Burger King and Cargill, creating a synergistic environment and attracting substantial foot traffic. The building's 2017 construction ensures modern amenities and efficient layouts, ready for immediate occupancy. This prime retail space offers a compelling combination of location, size, and modern construction, making it an ideal choice for businesses seeking a strong presence in the thriving Hereford market. The property's ample lot size also provides potential for future expansion or outdoor amenities. This is a rare opportunity to secure a well-positioned retail space in a growing Texas community. The zip code is 79045.

    Property Features for 1005 1St St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,000 SF
    Total Rate
    6000

    Building Details

    Year Built
    2017

    Unit(s) available at that property

    Space
    Suite A
    Size
    1,929 SF
    Rate per SF
    $18
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Freestanding property

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hereford
    County
    Deaf Smith
    State
    Texas
    Longitude
    -102.40998507
    Latitude
    34.80927919

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    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Individual retail property - Prime Hereford Retail Space - High Visibility
    Where is this individual retail property located?
    The property is located at 1005 1St St Hereford, TX.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    Request Owner's contact information
    1005 1St St Hereford, TX 79045
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    Hereford, TX 79045
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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
    1005 1St St Hereford, TX 79045
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