Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    718 Ender Rd Waco, TX 76706

    View on Map
    Sponsored
    For Sale
    $450,000

    Improved Land - Waco, TX

    Lot size:
    8.72 Acres
    Days on Market:
    24
    Last Refresh:
    Mar 13 at 2:06 am

    Property Features for 718 Ender Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    480317030674005
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    8.72 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1910
    Architectural style
    Other

    We can help!

    Listing Contact
    Thomas Ricci
    Thomas Ricci

    Coldwell Banker Apex-Frisco (972) 776-6200

    Listing agent Thomas Ricci (972) 776-6200 License #0627050

    Listing date Feb 17, 2026

    MLS# 21085640 Listing URL

    Copyright © 2026 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.

    Learn more

    Property Insight Report

    Overview

    Almost 9-Acre Land Parcel

    This almost 9-acre parcel presents a unique opportunity in a highly desirable location near The Lakes at University Parks. The land, positioned along University Parks Drive & Ender Rd, is conveniently close to Baylor University and the heart of Waco. This tract of land has been within the same family for over 115 years. Potential uses include a hobby farm, a commercial venture such as storage, or a housing development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Spa & Massage Center Building Supply Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center Auto Parts Store Department Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.095908
    Latitude
    31.518273

    Nearby Similar for Sale

    • $900,000
      0.58 Acres

      Waco Retail/Medical Opportunity

      Commercial building suitable for medical or retail in prime Waco location.
      1210 Lake Air Dr, Waco, TX 76710
      View Details
    • New
      $420,000
      0.34 Acres

      Former Daycare on Memorial Drive

      Versatile property with multiple lots, ideal for redevelopment.
      4306 Memorial Dr, Waco, TX 76711
      View Details
    • $350,000
      0.38 Acres

      Waco Corner Lot Opportunity

      Highly visible corner lot near Downtown Waco, previously a daycare.
      2000 N 25Th St, Waco, TX 76708
      View Details
    • $525,000
      0.46 Acres

      Bellmead Office Building For Sale

      Versatile office building in high-growth area near IH-35.
      3715 Bellmead Dr, Waco, TX 76705
      View Details
    • $449,000
      0.57 Acres

      Retail Property Near Downtown Waco

      Retail property on a corner lot, minutes from Downtown Waco.
      1818 Morrow Ave, Waco, TX 76707
      View Details
    • $525,000
      0.47 Acres

      Waco Office Building For Sale

      High-visibility commercial building in Waco, near New Road and Bosque.
      1311 N New Rd, Waco, TX 76710
      View Details
    • $235,000
      2,100 SF

      McGregor Airport Airplane Hangar

      2100 sq ft airplane hangar at McGregor Executive Airport.
      27474 Highway 84 W, Waco, TX 76657
      View Details
    • $1,600,000
      0.13 Acres

      Waco Event Center Opportunity

      Historic event center near downtown Waco available for sale.
      520 Elm St, Waco, TX 76704
      View Details
    • $349,999
      0.20 Acres

      Waco Retail Property Opportunity

      Versatile commercial space with development potential in Waco, Texas.
      1501 Herring Ave, Waco, TX 76708
      View Details
    • New
      $339,499
      2,116 SF

      New Brick Duplex in Waco

      Turnkey duplex near Waco attractions, designed for cash flow.
      1126 N 11Th St, Waco, TX 76707
      View Details
    • New
      $199,900
      2,128 SF

      Waco Duplex with Rental Income

      Duplex with reliable tenant and updated unit in Waco.
      7308 Sanger Ave, Waco, TX 76712
      View Details
    • $425,000
      3,296 SF

      Bellmead Multi-Unit Investment Opportunity

      Multi-unit package with strong rental potential and room to grow.
      1011-1013 La Clede St, Waco, TX 76705
      View Details

    FAQs

    What type of property is this?
    Commercial land - Exceptional land parcel near The Lakes at University Parks.
    Where is this commercial land located?
    The property is located at 718 Ender Rd Waco, TX.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Almost 9-acre parcel in a highly desirable location near The Lakes at University Parks.; - Strategic location along University Parks Drive & Ender Rd, close to Baylor University and Waco.; - Potential for a hobby farm, commercial venture (e.g., storage), or housing development.
    (972) 783-1919
    Request Owner's contact information
    718 Ender Rd Waco, TX 76706
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    718 Ender Rd
    Waco, TX 76706
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    718 Ender Rd Waco, TX 76706
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Thomas Ricci
    Thomas Ricci
    Real Estate License ID: 0627050
    (972) 783-1919 (972) 776-6200 (214) 237-4500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!