Add Listing
    For Sale
    • 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

    TBD Bagby Ave & Alliance Parkway Hewitt, TX 76643

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $810,870

    2.19-acre development land suitable for commercial, office, or retail.

    Type:Development
    Property size:
    2 SF
    Added:
    Dec 3, 2025
    Days on Market:
    121
    Last Refresh:
    Apr 1 at 9:01 pm

    Property Features for TBD Bagby Ave & Alliance Parkway

    General Information

    Standard status
    Active
    Size
    2 SF
    Property subtype
    Development

    We can help!

    Listing Contact
    Brandon Davis
    Brandon Davis

    Listing agent Brandon Davis

    Listing office Cromwell Commercial Group

    Listing date Dec 3, 2025

    Source Cbcworldwide

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

    All listing content including descriptions, pricing, images are the copyrighted material of Cromwell Commercial Group

    Overview

    Development Land in Hewitt, Texas

    This 2.19+/- acre development land is located at the corner of Bagby Ave and Alliance Pkwy in Hewitt, Texas. The site is positioned in an area of ongoing development and is surrounded by residential properties, making it suitable for commercial, office, or retail uses. The location provides access to both I-35 and HWY 6. Utilities are available at the site. Nearby developments include the Graphic Packaging International Cardboard plant and Basin Climbing and Fitness.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Hewitt
    County
    McLennan
    State
    Texas
    Longitude
    -97.1957
    Latitude
    31.4546

    Nearby Similar for Sale

    • $489,000
      6,504 SF

      Versatile Commercial Building in Hewitt

      Two-story, 6,504 SF commercial building on 0.579 acres.
      611 W Spring Valley Road, Hewitt, TX 76643
      View Details
    • $999,900

      Prime Commercial Land Opportunity

      4+ acre commercial tract in rapidly growing Hewitt, Texas.
      Tbd. S Hewitt Drive, Hewitt, TX 76643
      View Details
    • $415,000

      Prime Retail Opportunity Near IH-35

      Versatile commercial property near IH-35 with no zoning restrictions.
      6398 S IH 35, Hewitt, TX 76643
      View Details
    • $59,900

      Commercial Land on Hewitt Drive

      Prime commercial lot in Hewitt, TX, suitable for development.
      319 S Hewitt Drive, Hewitt, TX 76643
      View Details
    • $725,000
      1,900 SF

      Turn-Key Commercial Property in Hewitt

      Versatile commercial property with high-traffic location and expansion potential.
      607 N Old Temple Road, Hewitt, TX 76643
      View Details
    • $1,000,000
      12,080 SF

      Hewitt Drive Showroom/Warehouse Opportunity

      Showroom/warehouse with high visibility, convenient access to major highways.
      102 Sunset Blvd, Hewitt, TX 76643
      View Details
    • $6

      I-35 Frontage Commercial Lots

      Commercial lots with I-35 frontage in a convenient service area.
      801-803 Enterprise Blvd, Hewitt, TX 76643
      View Details
    • Contact for pricing
      2,672 SF

      Former Restaurant with Drive-Thru

      Freestanding restaurant with drive-thru near Walmart in Hewitt, TX.
      200 Legacy, Hewitt, TX
      View Details
    • $400,000

      Development Ready Land For Sale

      Land for sale in a vibrant, growing location.
      650 Alliance Pkwy, Hewitt, TX
      View Details
    • $395,000
      961 SF

      Sun Valley Boulevard Land Opportunity

      Commercial land on Sun Valley Blvd, ideal for development.
      639 Sun Valley Blvd Hewitt, TX 76643, TX 76643
      View Details
    • Contact for pricing
      9,200 SF

      Retail Pad Opportunities in Hewitt

      Retail spaces available in a growing residential area of Hewitt.
      1500 Round Table Rd, Hewitt, TX
      View Details
    • Contact for pricing
      4,050 SF

      Freestanding Retail Building in Hewitt

      Second-generation retail building suitable for medical, service, or restaurant use.
      704 N Hewitt Dr, Hewitt, TX
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.19-acre development land suitable for commercial, office, or retail.
    Where is this commercial land located?
    The property is located at TBD Bagby Ave & Alliance Parkway Hewitt, TX.
    What is the asking price?
    The asking price for this property is $810,870.
    What are key features of this property?
    This property features: 2.19 +/- acres of development land.; Located at the corner of Bagby Ave and Alliance Pkwy in Hewitt, Texas.; Situated in the path of progress and surrounded by rooftops.
    (254) 313-0000
    We can help!
    Listing Contact
    Brandon Davis
    Brandon Davis
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!