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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

207 Elm St Hillsboro, TX 76645

15,000 SF 0.14 ac lot
Trust Owned 5-yr Hold
Property ID
US82-5383138
Property summary
AI-generated overview

This exceptional 15,000 square foot building, situated on a 0.14-acre lot in the heart of downtown Hillsboro, presents a unique investment opportunity. The property's prime location offers immediate access to the town square, a vibrant area experiencing significant growth. The main level encompasses 6,000 square feet of adaptable space, perfect for a variety of retail, office, or event uses. Above, a substantial 6,000 square foot apartment provides significant rental income potential or the possibility of creating multiple residential units. This live-work arrangement is further enhanced by a convenient freight lift connecting the floors. The building also features a 3,000 square foot mezzanine level, ideal for office space or observation. Practical features include alley access for easy deliveries, ample open parking, four HVAC systems, and two electric meters. Recent improvements include a roof replacement in 2022 and some window replacements. The seller is offering financing, making this historical property even more attractive. This is a rare chance to acquire a versatile, income-generating property in a thriving Texas town.

Property profile
Verified
Property type Retail properties & Spaces
Total area 15,000 SF
Lot 0.14 ac (6,098 SF)
UPID US82-5383138
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
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CAP Approach CAP
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Comparable Approach Comparable
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by Request
Owner & transaction history
Quest Trust Company · 5 yrs held
Quest Trust Company
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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