Retail Property in China
For Sale
Contact for pricing
10214 China Spring Rd, Waco, TX 76708
Retail property for sale in a prime location.
Property Size9,000 SF
Price / SF$333.33
Days on Market253
Property Features for 10214 China Spring Rd
General Information
Standard status
Active
Size
9,000 SF
Class
A
Property subtype
Retail
Zoning
C-2
Occupancy
100%
Investment Type
Net Lease
Building Details
Year Built
2020
Buildings
1
Stories
1
Units
4
Listing Agency:
Bentwood Realty
Listed By:
Bryan Jenkins · License #0554740
Source:
Crexi
Added: Feb 3
Changed: Oct 10
Last Checked: Oct 12 at 6:05PM
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 Bentwood Realty
Investment Insights
Based on property information with market context.
This retail property is located in the heart of China Spring. The property is 100% occupied with NNN leases in place. The property size is 9,000 square feet.
Key Highlights
- Prime location in the heart of China Spring.
- 100% occupied.
- NNN leases in place.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,876
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,097,520
$2.1M
Cap Rate 7%
$1,498,229
$1.5M
Cap Rate 9%
$1,165,289
$1.2M
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$167.4K $18.60/SF
− Vacancy
−$17.6K −$1.95/SF
EGI
$149.8K $16.65/SF
− OpEx
−$44.9K −$4.99/SF
NOI
$104.9K $11.65/SF
Area
Waco, TX
Vacancy
10.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,097,520
Cap Rate 7%
$1,498,229
Cap Rate 9%
$1,165,289
Alternative Uses
Best Use
Retail
$1.50M
$1.31M – $1.75M
NOI $104,876 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.08M – $2.77M
NOI $166,212 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
155
Businesses Nearby
83k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 37%
McDonald's
Dining
16,397 visits/mo
0.0 miles
Dollar General
Shops & Services
15,361 visits/mo
0.0 miles
SONIC Drive In
Dining
10,158 visits/mo
0.3 miles
Bush's Chicken
Dining
9,347 visits/mo
0.1 miles
Dollar Tree
Shops & Services
7,735 visits/mo
0.1 miles
Demographics for 76708, TX
28,499
Population
11,241
Households
2.5
Avg Household Size
35
Median Age
25%
College-Educated
85%
High-School Grad
48.1 sq mi
ZIP Area
592
Density / Sq Mi
$66,764
Median Household Income
$39,409
Median Earnings
$1,087
Median Rent
$204,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Retail property for sale in a prime location.
Where is this retail property located?
The property is located at 10214 China Spring Rd Waco, TX.
What is the asking price?
The asking price for this property is $2,999,990.
What are key features of this property?
This property features: Prime location in the heart of China Spring.; 100% occupied.; NNN leases in place.
