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Property profile & analytics
OFF-MARKET
Commercial real estate
502 Hewitt Dr Hewitt, TX 76643-3038
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US82-4120921
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1980
Total area
2,908 SF
Lot
0.34 ac (14,985 SF)
Zoning code
C-2
APN
363410000021002
UPID
US82-4120921
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
Current use
Occupant on record · Public records
-
Hewitt Eyes Physician
-
Aisha Johnson Physician
-
Hewitt Vision Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hewitt 33 LLC · 3 yrs held
Hewitt 33 LLC
since 2023
7 recorded transactions
Zoning & alternative use
C-2 · Hewitt, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hewitt submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hewitt submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$7,777
Tax year 2022
Assessed value
$400,000
Assessed 2023
Previous assessed
$400,000
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$120,000
Assessed improvement
$280,000
Land market value
$120,000
Improvement market value
$280,000
Total market value
$400,000
Applied tax rate
36.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1980
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,908 SF
Lot
0.34 ac (14,985 SF)
Zoning code
C-2
APN
363410000021002
UPID
US82-4120921
Jurisdiction
MCLENNAN
Zoning & alternative use
C-2 · Hewitt, TX
Zoning C-2 · permitted uses
C-2 · Hewitt, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hewitt. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Hewitt 33 LLC
Entity
Mailing address
1600 ROYAL OAKS DR, WACO, TX 76710-2522
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2023
—
Hewitt 33 LLC
502 N Hewitt LLC
Special Warranty Deed
—
Dec 8, 2020
—
502 N Hewitt LLC
R Royce Texas LLC
Venders Lien
$239,200 · Comerica Bank
Jan 2, 2020
—
R Royce Texas LLC
—
Deed
related
$70,000 · Texas First St Bk
Mar 27, 2015
—
R Royce Texas LLC
Penny J Raby
Venders Lien
$260,000 · Texas First State Bank
—
—
R Royce Texas LLC
—
Loan Modification
related
$70,000 · Texas First St Bk
—
—
R Royce Texas LLC
—
Loan Modification
related
$260,000 · Texas First St Bk
—
—
Frederick W Raby
—
Deed Of Trust
related
$220,800 · Extraco Bank
—
—
Fredrick W Raby
—
Deed Of Trust
related
$320,000 · First National Bank Mcgregor
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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