207 Elm St Hillsboro, TX 76645
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.