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Property profile & analytics
OFF-MARKET
Commercial real estate

305 Eighth St Hico, TX 76457

1.03 ac lot Built 1900
Property ID
Property summary
AI-generated overview

This exceptional 1.03-acre commercial property located at 305 Eighth Street in Hico, Texas, presents a unique investment opportunity. The land is ideally suited for a diverse range of business ventures, offering ample space for development and immediate utility. The property includes existing structures, enhancing its practicality and potential return on investment. Specifically, there is a metal storage barn and a separate wooden storage building, providing immediate storage solutions. Essential utilities are already in place, with readily available electricity and water connections. This eliminates significant upfront costs and allows for a quicker start to operations. The location in Hico, Texas, offers access to a growing community and potential customer base. The property's versatility makes it suitable for various commercial uses, from light industrial to retail, or even as a base for a service-oriented business. The existing storage structures could be repurposed or expanded upon, depending on the chosen business model. This is a rare opportunity to acquire a well-situated, ready-to-use commercial property in a desirable Texas town. The combination of land size, existing structures, and utility access makes this an attractive proposition for entrepreneurs and investors alike. Serious inquiries are encouraged to explore the full potential of this exceptional property. The asking price is $199,000.

Property profile
Verified
Property type Commercial real estate
Year built 1900
Lot 1.03 ac (44,867 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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