Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Commercial real estate
704 Hewitt Dr Hewitt, TX 76643-2972
Entity Owned
1-yr Hold
Free & Clear
Property ID
US82-1645455
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1970
Construction
CONCRETE
Total area
4,950 SF
Lot
0.61 ac (26,572 SF)
Zoning code
M
APN
363190000011100
UPID
US82-1645455
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
-
Anytime Fitness Hewitt Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
$755k
Comparable Approach
Comparable
$567k
Blend (final)
Blend
$570k
Owner & transaction history
Ccp At Hewitt 11 24 LP · 1 yrs held
Ccp At Hewitt 11 24 LP
since 2024
7 recorded transactions
Zoning & alternative use
M · Hewitt, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$815,000
+112.8%
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
Method
Estimation
Statistic approach
by Request
ML approach
$385,000
CAP Approach
CAP Return
Estimation
6%
$815,000
6.5%
$755,000
7%
$700,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$385,000
Current use
OFFICE BUILDING
$815,000
Change: +113% · Conversion: Easy
Blend value · Realmo final
$570k
Range $513k – $627k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$115 / SF
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
$18,536
Tax year 2022
Assessed value
$953,390
Assessed 2023
Previous assessed
$953,390
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$244,460
Assessed improvement
$708,930
Land market value
$244,460
Improvement market value
$708,930
Total market value
$953,390
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
1970
Construction
CONCRETE
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
4,950 SF
Lot
0.61 ac (26,572 SF)
Zoning code
M
APN
363190000011100
UPID
US82-1645455
Jurisdiction
MCLENNAN
Zoning & alternative use
M · Hewitt, TX
Zoning M · permitted uses
M · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$385,000
OFFICE BUILDING
Est. value
$815,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Ccp At Hewitt 11 24 LP
Entity
Free & Clear · 1 yrs held
Mailing address
713 WSW LOOP 323RD #145, TYLER, TX 75701-9460
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2024
—
Ccp At Hewitt 11 24 LP
Meazell Midland LLC
Special Warranty Deed
—
Dec 27, 2017
—
Meazell Midladn LLC
Jolly Roger Hewitt Holdings LLC
Venders Lien
$632,900 · Texas National Bank Of Jacksonville
Jul 18, 2013
—
Jolly Roger Hewitt Holdings Ll
Canyon Outdoor Advertising LP
Warranty Deed
$405,000 · Citizens State Bank
Jul 7, 2010
$300,000
Canyon Outdoor Advertising LP
Fair Walt
Trustees Deed
related
—
Sep 21, 2009
—
Coach Rogs Drink Shack LLC
Canyon Outdoor Advertising
Grant Deed
$315,000 · Canyon Outdoor Advertising LP
Sep 1, 2009
$342,000
Canyon Outdoor Advertising
Hernandez,jose G
Deed In Lieu Of Foreclosure
related
—
Feb 19, 2008
—
Jose G Hernandez
Canyon Outdoor Advertising
Warranty Deed
$342,000 · Canyon Outdoor Advertising LP
—
—
Canyon Outdoor Advertising LP
—
Deed Of Trust
related
$449,214 · Alliance Bank Central Texas
—
—
Canyon Outdoor Advertising LLP
—
Deed Of Trust
related
$180,000 · Happy States Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 704 Hewitt Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
