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    Randy Reid, Woodway, TX

    License ID: 333073
    The Reid Company
    Association
    Central Texas Commercial Association Of Realtors

    Service Locations

    Contact details

    Phone:
    (254) 709-0456
    Office Address:
    2420 Wycon Ste 301, Woodway, TX, 76712

    Performance

    Listings
    13

    Listings

    For Sale (9)

    View map
    • Contact for pricing
      7.81 Acres

      7.809 Acres Waco Commercial Land

      Prime Waco commercial land, PUD zoning.
      0 China Spg Rd And Scott Ln, Waco, TX 76708
      View Details
    • Contact for pricing
      199.00 Acres

      McGregor Mixed-Use Development Opportunity

      Texas Medical, Retail, & Multifamily
      0 Lorena Rd & Hwy 84, McGregor, TX 76657
      View Details
    • $975,000
      51,401 SF

      Prime Commercial Land Opportunity

      C-5 zoned land near Baylor and Magnolia Table.
      1700 La Salle Ave, Waco, TX 76706
      View Details
    • Contact for pricing
      4 SF

      Commercial Land at Lighted Intersection

      4.5 acres of commercial land with excellent visibility.
      511 Sun Valley Blvd, Hewitt, TX 76643
      View Details
    • $2,500,000
      17,600 SF

      Versatile Industrial Property on Loop 340

      17,600 SF industrial property with high visibility and easy access.
      1900 Loop 340 W, Waco, TX 76712
      View Details
    • $2,500,000
      17,600 SF

      Industrial Property with Fenced Yard

      Industrial property featuring a showroom, offices, and convenient loading access.
      1900 Loop W, Woodway, TX
      View Details
    • Contact for pricing

      Cypress Specialty Property For Sale

      Specialty property available for sale in Cypress, Houston.
      Address Not Disclosed Cypress, Houston, TX
      View Details
    • Contact for pricing

      Land in Planned Community

      Land for sale in walkable, innovative planned community.
      1604 Prosperity Trl, McGregor, TX 76657
      View Details
    • Contact for pricing

      Waco Commercial Development Land

      7.809 acres in Waco, perfect for commercial development.
      China Spring Rd, Waco, TX 76708
      View Details

    For Lease (4)

    View map
    • $30 SF/Yr
      6,050 SF

      Waco Retail Space - Jordan Lane

      Modern 6,050 sq ft freestanding building. High visibility, ample parking.
      9108 Jordan Ln, Woodway, TX 76712
      View Details
    • $28 SF/Yr
      12,936 SF

      Lake Air Drive Retail Space

      Prime Retail Space: 5,500 SF Available
      1120 Lake Air Dr, Waco, TX 76710
      View Details
    • Contact for pricing
      1 SF

      I-35 Frontage Road Land Lease

      Ground lease opportunity with high visibility on I-35.
      1520 North Frontage Rd, Waco, TX 76704
      View Details
    • $125,000
      2 SF

      Prime Commercial Land I-35 Frontage

      40,000 SF commercial land for lease with I-35 frontage.
      I-35 And New Rd, Waco, TX 76706
      View Details

    Leases and Sales on Map

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    Randy Reid, Woodway, TX
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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