Property profile

621 E 1St St Hereford, TX 79045

FOR SALE
Commercial real estate
Property ID
US82-7615026
4,461 SF 0.29 ac lot
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 4,461 square foot commercial building is situated on a 0.29-acre lot at 621 E 1st Street in Hereford, Texas. Its prime location directly off Highway 60 ensures high visibility and accessibility, making it ideal for a variety of businesses seeking to expand their reach and revenue. The property offers ample space for a wide range of commercial uses, providing significant potential for growth and profitability. The building's size and strategic location present a unique opportunity for entrepreneurs and established businesses alike. This property is priced competitively at $480,000, representing a strong value proposition in the current market. Given its prominent location and substantial square footage, this commercial property is poised for success and represents a compelling investment opportunity in a thriving Texas community. The property's convenient highway access ensures easy commutes for employees and customers, further enhancing its appeal. Serious inquiries are encouraged to explore the possibilities this exceptional commercial space offers. Don't miss this chance to secure a prime location for your business venture in Hereford, Texas.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction TYPE NOT SPECIFIED
Total area 4,461 SF
Lot 0.29 ac (12,502 SF)
APN 4897
UPID US82-7615026

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
  • Department Store
  • Art Gallery

Location

621 E 1St St Hereford, TX 79045
Hereford metro Census 950500 HEREFORD, TX MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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