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Property profile & analytics
FOR LEASE
Office buildings

511 N Hewitt Dr Hewitt, TX 76643

14,400 SF 1.76 ac lot Built 1980
Entity Owned 8-yr Hold Free & Clear
Property ID
US82-3115517
Property summary
AI-generated overview

This 2,400 square foot retail strip center in Hewitt, Texas, offers two available spaces, each measuring 1,200 square feet. Located at 511 N Hewitt Dr, 76643, in McLennan County, this property boasts a prime location across from Midway High School, ensuring high visibility and foot traffic. The center benefits from strong neighboring businesses, including Baylor Scott and White, Midway Nutrition, Home Instead Senior Care, Texas Car Title and Payday Loan Services, and Lynn's Pharmacy. This strategic location on rapidly developing Hewitt Drive places the property amidst numerous school campuses and popular local and national retailers, creating a vibrant commercial environment. The proximity to Waco's industrial park contributes to high daytime employment numbers, further enhanced by significant residential growth and ongoing construction in the area. The entire 2,400 square feet is currently vacant and available for lease, offering a unique opportunity for businesses seeking high-traffic exposure in a thriving community. Minimum leasable space is 1,200 square feet, with a maximum contiguous space also of 1,200 square feet.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1980
Construction FRAME
Total area 14,400 SF
Lot 1.76 ac (76,666 SF)
Zoning code C-2
APN 363260000001006
UPID US82-3115517
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
  • Baylor Scott & White Outpatient Rehabilitation - Hewitt Medical Clinic
  • Lynn's Pharmacy Hewitt Pharmacy
  • Michael L Carlisle - Aflac Insurance Agent Insurance Agency
  • The Golden shear Waco Barber Shop
  • Salon 511 Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.78M
Blend (final) Blend
$1.84M
Owner & transaction history
Crew Property Investements I LLC · 8 yrs held
Crew Property Investements I LLC
since 2017
7 recorded transactions
2020
Price N/A
2017
Price N/A
2016
Price N/A
2012
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C-2 · Hewitt, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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