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502 Main St Hamilton, TX 76531-1416

OFF-MARKET Commercial real estate Google Maps
3,200 SF 0.59 ac lot Built 1975
Individually Owned Free & Clear
Estimated value (blended)
$325k
Range $293k – $358k (±10%)
Property ID US82-6318729

Property summary

AI-generated overview

This exceptional 3,200 square foot commercial property in Hamilton, Texas, presents a unique investment opportunity. Situated on a 0.94-acre lot at the highly visible corner of Main and Reagan Streets, this metal building offers convenient access from both thoroughfares. The building boasts 1,400 square feet of climate-controlled office space, ideally suited for a variety of professional uses. Previously utilized as a law office, the layout includes a welcoming reception area, a spacious private office, a large file room (or second office), a small kitchen, a bathroom, a conference room, and two utility closets. The remaining 1,800 square feet comprises a warehouse area, featuring a roll-up door and loading dock, providing ample space for storage or other operational needs. This warehouse space includes a bathroom and two small rooms, offering potential for expansion or modification to suit specific business requirements. The building's exterior is a blend of metal sheeting and brick facade, enhancing its curb appeal. A large, ADA-accessible sidewalk entry leads to a predominantly paved parking lot, complemented by a landscaped green area. The property's prime location and versatile layout make it an attractive option for a wide range of businesses seeking a well-established presence in Hamilton. The asking price is $309,000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1975
Total area 3,200 SF
Lot 0.59 ac (25,648 SF)
APN R14523
UPID US82-6318729

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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