Technical
Financial
Distress signals
Property profile

511 N Hewitt Dr Hewitt, TX 76643

FOR LEASE
Office buildings
Property ID
US82-3115517
14,400 SF 1.76 ac lot Built 1980
Entity Owned 9-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Medical Clinic
  • Pharmacy
  • Insurance Agency
  • Barber Shop
  • Hair Salon

Location

511 N Hewitt Dr Hewitt, TX 76643
Hewitt metro Census 3708 WACO, TX METROPOLITAN STATISTICAL AREA
Google Maps

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

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
Zoning description

2.110. C-2 general commercial district. A. Purpose. The C-2 district is established to accommodate those uses that are of citywide and regional significance. Within this district are permitted retail, service, and office…

General category COMMERCIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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