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    226 Waco St Hillsboro, TX 76645

    • Commercial real estate
    • 26,900 SF
    • 0.90 lot acres
    For Lease
    View listing
    Value Estimation
    $600,000
    Location Intelligence
    Property ID
    US83-3932222
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 226 Waco St

    Year built
    1896
    Lot size
    0.90 lot acres
    Property size
    26,900 SF
    Property type
    Commercial real estate
    APN
    113984
    APU
    113984

    Description

    This exceptional retail or restaurant opportunity is located at 226 S Waco Street in Hillsboro, Texas, within Hill County (zip code 76645). The property consists of a single, vacant storefront totaling 7,958 square feet, ideal for a variety of uses. The building's previous tenant was a Family Dollar store, indicating a strong history of retail success in this location. The property is classified as a multi-tenant space, although currently only one unit is available. The exact total building square footage is not currently available. This prime location in Hillsboro offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a strong foothold in a thriving community. The property's address is easily accessible from major roadways, ensuring high traffic flow and convenient access for customers. This presents a unique chance to establish or expand a business in a well-established area with a proven track record for retail success. Serious inquiries are encouraged to explore the potential of this significant retail space. The property is situated at latitude 32.0073509 and longitude -97.1306798.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $585,000

    • CAP approach

      CAP return
      Estimation
      6%
      $735,000
      6.5%
      $780,000
      7%
      $760,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $725,000
      Geo Method
      $730,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $650,000
      Retail
      $755,000
      Mixed-Use
      $690,000
      Hospitality
      $575,000
      Educational
      $710,000
      Residential Income
      $690,000
      Energy
      $650,000
      Income-Based Land
      $615,000
      Food Service
      $705,000

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Hill
    State
    Texas
    Longitude
    -97.1306
    Latitude
    32.0074

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $4,740
    $82,420
    $1,023,950
    $1,106,370
    -
    $82,420
    $1,023,950
    $1,106,370

    Comparable in this City

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      Prime Texas storefront, 7,958 sq ft available.
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    226 Waco St
    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
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