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    508 Elm St Waco, TX 76704

    For Lease
    $1,700 /Mo ($1.77 SF/Yr)

    Office - Waco, TX

    Type:Office
    Lot size:
    0.26 Acres
    Days on Market:
    81
    Last Refresh:
    Dec 6 at 10:06 pm

    Property Features for 508 Elm St

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active
    APN
    187074
    Parking features
    On Street
    Lot size
    0.26 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1922
    Flooring type
    Concrete
    Building materials
    Brick
    Architectural style
    Other

    Texas Turnkey Realty, LLC (817) 312-3218

    Listing agent Elias Peniston (817) 312-3218 License #0529402

    Listing date Sep 17, 2025

    MLS# 21058760 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waco Office Space For Lease

    This commercial space, totaling 1500 square feet, is available for lease in a rapidly growing, high-visibility area. The property is located one minute from the Waco Downtown Farmers Market, four minutes from Baylor University, and five minutes from Magnolia Market. It is zoned C-4, which allows for a wide range of permitted uses. The minimum lease term is two years. The property is located in Waco, Texas.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Building Supply Dental Office Spa & Massage Law Firm Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.124216
    Latitude
    31.565927

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    FAQs

    What type of property is this?
    Office space - Commercial space in high-visibility area near downtown and Baylor.
    Where is this office space located?
    The property is located at 508 Elm St Waco, TX.
    What is the lease rate?
    The lease rate is $1.77 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility location in a rapidly growing area.; - Zoned C-4, allowing a wide range of permitted uses.; - Close proximity to Waco Downtown Farmers Market (1 minute), Baylor University (4 minutes), and Magnolia Market (5 minutes).
    (817) 312-3218
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    508 Elm St Waco, TX 76704
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