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Days20Days on Market
Views1view

$325,000

406 N Second St, Hico, TX, 76457

$422,500 ARVInfo
On MarketInfo
CommercialInfo
Baths0 Bath
Baths3,860 Sq Ft
RetailRetail
Year BuiltBuilt in 1983

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringConcrete

Exterior

Lot Size4,901 sqft

Building Information

Year Built1983

Land Information

APNR19691
Land UseCommercial
Legal DescriptionPT OF 16 BLK 01 (12) PETERS; NE70X70
Census Tract950100
Assessed Land Value$22,830
Assessed Improvement Value$161,290
Assessment Year2025

About this property

Position your business for success with this versatile 3,800+ square foot commercial building in one of Hico’s most visible locations. Situated directly on Highway 281 at the town’s main red light, this property offers outstanding exposure with steady daily traffic and easy access from multiple directions. Inside, you’ll find a spacious storefront retail area, a restroom, and dedicated storage space, providing the flexibility to accommodate a wide variety of business opportunities. Whether you’re envisioning a retail shop, professional office, boutique, showroom, service business, or a combination of uses, this property is ready to bring your vision to life. The property is currently tenant occupied, generating $1,800 per month in rental income, making it an excellent opportunity for investors or future owner-occupants. Parking is available from both the side and rear of the building. If you’re looking for a highly visible commercial property with strong investment potential and endless possibilities in the heart of Hico, this is an opportunity you won’t want to miss. Schedule your showing today and discover everything this prime location has to offer.

Investor Tools

Property Icon
$184,120
Estimated Property Value
$0Estimated Mortgage Balance
$184,120Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$422,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,950 /month
Positive
Cash Flow Estimate:
$650 /month

Interested in this property?

Christi Black

BLACK REAL ESTATE, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$320/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,925
$184,120
2025
$22,830
$161,290
$184,120
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,925
$184,120

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$184,120
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Hico

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406 N Second St | Property Details | No Agent List