1103 N Lacy Drive Waco, TX 76705
For-sale automotive property includes a 2,260 sq-ft 2024 shop with two heavy-duty lifters and an on-site 3-bedroom home.
Property Features for 1103 N Lacy Drive
General Information
- Standard status
- Active
- Size
- 2,260 SF
- Property subtype
- Business
Building Details
- Year Built
- 1946
Listing office Dash Realty
Listing date Jul 13, 2026
Source Whitelabelrealty
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 Dash Realty
Investment Insights
Based on property information with market context.
The listing is presented as a business opportunity with room to expand automotive operations into areas such as auto bodywork, tire repair, towing service, and used car sales, based on the stated potential for additional business activities at the site.
Overall, the combination of an established repair operation, the 2024 service building with heavy-duty lifting capability, and the attached residential component offers a single-property setup designed for ongoing automotive use with an on-site residence.
Key Highlights
- Includes a 2,260 SF shop building built in 2024 with two heavy‑duty lifters that convey with the sale
- Established auto repair shop on‑site with additional business expansion options listed in the remarks
- On‑site homeowner‑occupied 3‑bedroom, 1‑bath home (home built in 1946)
Local Financial Insights For Retail
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 | $42.0k | $18.60 |
| − Vacancy | −$4.4k | −$1.95 |
| EGI | $37.6k | $16.65 |
| − OpEx | −$11.3k | −$4.99 |
| NOI | $26.3k | $11.65 |
Alternative Uses
Property Analytics
Current Use by Public Records
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