Versatile Commercial Property in
For Sale
$895,000
1013 Austin Avenue, Waco, TX 76701
Two buildings with multiple possibilities in Waco, Texas.
Property Size7,800 SF
Price / SF$114.74
Days on Market79
Property Features for 1013 Austin Avenue
General Information
Standard status
Active
Size
7,800 SF
Property subtype
Commercial
Building Details
Year Built
1920
Listing Agency:
Kelly, Realtors
(254) 722-5680
Listed By:
Richard Shelton · License #484694
(254) 722-5680
Source:
Signaturere
Added: May 18
Changed: Jul 10
Last Checked: Aug 3 at 12:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kelly, Realtors
Investment Insights
Based on property information with market context.
This commercial property features two units, each measuring 3900 square feet, connected by a breezeway and an elevated roof level platform. Constructed in 1920 and 1935, the buildings offer multiple possibilities for use. One unit has previously served as a recording studio, office space, furniture store, and residence. The other unit has recently been utilized as a warehouse storage facility. A covered rear patio area is secured with an iron gate and security bars, providing enclosure and access to the alley.
Key Highlights
- Two Units, Each 3900 Sq. Ft.
- Multiple Use Possibilities including Recording Studio, Office, Store, Residence, or Warehouse
- Secure Rear Patio with Iron Gate and Security Bars
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $98.3k | $12.60 |
| − Vacancy | −$7.4k | −$0.95 |
| EGI | $90.9k | $11.66 |
| − OpEx | −$13.6k | −$1.75 |
| NOI | $77.3k | $9.91 |
7,800 SF · lease $12.60/SF/yr · vacancy 7.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.55M
$1.36M – $1.81M
NOI $108,441 @ 7.0% cap · market cap 12.12%
Second Best
Retail
$1.30M
$1.14M – $1.51M
NOI $90,893 @ 7.0% cap · market cap 10.16%
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $144,050 @ 7.0% cap · market cap 16.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,077
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76701, TX
1,674
Population
1,029
Households
1.6
Avg Household Size
29
Median Age
32%
College-Educated
92%
High-School Grad
1.1 sq mi
ZIP Area
1,522
Density / Sq Mi
$24,593
Median Household Income
$21,897
Median Earnings
$1,008
Median Rent
Market
Properties on Market for Warehouses in McLennan County
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Janek Moving Services — 1225 Franklin Ave, Waco, TX 76701
- Webster Avenue Storage — 1811 Webster Ave, Waco, TX 76706
- Downtown Storage — 1225 Franklin Ave, Waco, TX 76701
- 254-Storage Location 105 — 1215 Baylor Ave, Waco, TX 76706
- Campus Crates — 1205 S 8th St, Waco, TX 76706
Frequently Asked Questions
What type of property is this?
Warehouse - Two buildings with multiple possibilities in Waco, Texas.
Where is this warehouse located?
The property is located at 1013 Austin Avenue Waco, TX.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Two Units, Each 3900 Sq. Ft.; Multiple Use Possibilities including Recording Studio, Office, Store, Residence, or Warehouse; Secure Rear Patio with Iron Gate and Security Bars
