Hewitt, TX
Commercial Real Estate Market Trends & Data

$582 Avg asking sale price
$15 Avg asking lease rate
54,264 SF Avg unit lease size
12,740 SF Avg building size for sale
6.00% Average cap rate

Hewitt's Demographic Profile

Hewitt has 5,957 households and a median income of $91,995, providing context for rent absorption and tenant demand across retail and multifamily assets. A +6% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 15,945
# Households 5,957
Median age 39
Median household income $91,995
Avg household size 3.0
Renter-occupied housing units 1,675
5-year population change +6%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Hewitt, TX

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Hewitt $969 2,419 SF
Woodway $295 29,486 SF
Waco $373 18,032 SF
Bellmead $188 3,204 SF
Mcgregor $43 4,919 SF

Commercial Properties For Sale in Hewitt

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

TBD Gateway Blvd

Waco, TX 76712

  • 150 AC Lot
  • 1 Commercial Lot
  • Price Upon Request
For Sale

1417 Hewitt Dr

Woodway, TX 76712

  • 2,419 SF Retail Building
  • 6.00% Cap Rate
  • $2,345,000
For Sale

5.582 Acres Texas Central Parkway

Waco, TX 76712

  • 5.58 AC Lot
  • 1 Commercial Lot
  • $1,999,999
For Sale

Spring Valley Rd

Lorena, TX 76655

  • 2.70 AC Lot
  • 1 Commercial Lot
  • $550,000
For Sale

Century Court Duplexes

Waco, TX 76712

  • 21,950 SF Multifamily
  • $4,250,000
For Sale

Nature Valley Addition

Hewitt, TX 76643

  • 7.97 AC Lot
  • 1 Residential Income Lot
  • $400,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Hewitt pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Hewitt $582 12,740 SF
Lorena $217 14,288 SF
Robinson $1,359 20,959 SF
Beverly Hills $108 4,607 SF
Woodway $261 61,275 SF

Regional Demographic Comparison

This comparison places Hewitt alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Hewitt or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Hewitt 15,945 5,957 39 $91,995 3 1,675 6%
Lorena 1,729 607 37 $111,718 3 130 2%
Robinson 12,256 4,354 38 $94,575 3 1,074 4%
Beverly Hills 2,326 699 35 $50,130 3 248 6%
Woodway 9,885 3,591 44 $111,921 3 474 6%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Hewitt, TX and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Hewitt

View All Commercial Real Estate For Sale in Hewitt
Is Hewitt a good market for a first-time commercial real estate investor?

Hewitt offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Hewitt?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Hewitt. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Hewitt?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Hewitt. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Hewitt compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Hewitt. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Hewitt acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Hewitt, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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