Auto Shop with
For Sale
$539,000
1103 N Lacy Drive, Waco, TX 76705
CommercialSale, Waco, TX
Property Size2,260 SF
Lot Size0.74 Acres
Price / SF$238.50
Days on Market105
Property Features for 1103 N Lacy Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C
Security features
Security
Subdivision
Eaton A P
Lot features
Cleared, Level
Directions
When heading south on I-35, exit on 342B toward New Dallas Highway. The property will be located directly across from RV PARk on left side of New Dallas Highway.
Standard status
Active
APN
114480
Size
2,260 SF
Lot size
0.74 Acres
Taxes and HOA fees
Tax Description
EATON A P ACRES 0.74
Tax Annual Amount
3152
Legal Description
EATON A P ACRES 0.74
Utilities
Utilities
Propane
Sewer type
Public Sewer, Septic Tank
Heating system
Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1946
Floors in Building
1
Number of units
3
Flooring type
Concrete
Building materials
MetalSiding, Concrete
Roof type
Metal, Shingle
Listing Agency:
Dash Realty
(512) 222-3406
Listed By:
Richard Zelaya
(877) 987-7653
Added: Jul 10
Changed: Oct 18
Last Checked: Oct 22 at 1:06AM
MLS# 21215721
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.
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Investment Insights
Based on property information with market context.
This automotive property combines a 2,260-square-foot repair shop with an on-site three-bedroom, one-bath home. The shop was constructed in 2024 with metal siding, concrete flooring, central air, electric heating and cooling, and two heavy-duty lifts that convey with the sale. The residence was built in 1946 and includes shingle roofing, while the shop has a metal roof.
Located at 1103 N Lacy Drive in Waco, the property occupies 0.74 acres. Public water service is available, with sewer identified as both septic tank and public sewer in the property information. Propane is listed among the utilities. The existing improvements support an automotive repair operation with an accompanying residential component.
Located at 1103 N Lacy Drive in Waco, the property occupies 0.74 acres. Public water service is available, with sewer identified as both septic tank and public sewer in the property information. Propane is listed among the utilities. The existing improvements support an automotive repair operation with an accompanying residential component.
Key Highlights
- 2,260‑square‑foot automotive repair shop constructed in 2024
- Two heavy‑duty lifts convey with the sale
- Three‑bedroom, one‑bath home included on the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,921
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,420
$578.4K
Cap Rate 7%
$413,157
$413.2K
Cap Rate 9%
$321,344
$321.3K
Market Conditions
NOI Build-Up for 2,260 SF
Gross rent
$52.9K $23.40/SF
− Vacancy
−$6.6K −$2.93/SF
EGI
$46.3K $20.47/SF
− OpEx
−$17.4K −$7.68/SF
NOI
$28.9K $12.80/SF
Area
Waco, TX
Vacancy
12.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,420
Cap Rate 7%
$413,157
Cap Rate 9%
$321,344
Alternative Uses
Best Use
Mixed Use
$413.2K
$361.5K – $482.0K
NOI $28,921 @ 7.0% cap · market cap 5.37%
Second Best
Retail
$376.2K
$329.2K – $438.9K
NOI $26,336 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$596.3K
$521.7K – $695.6K
NOI $41,738 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 76705, TX
31,736
Population
12,107
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
80%
High-School Grad
118.6 sq mi
ZIP Area
268
Density / Sq Mi
$54,881
Median Household Income
$33,076
Median Earnings
$941
Median Rent
$167,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- JJ Tires Shop — 110 E Crest Dr, Waco, TX 76705
- SunLightProWindowTint/JJTireShop — 110 E Crest Dr, Waco, TX 76705
- Chuck's Automotive Center — 1000 E Crest Dr, Waco, TX 76705
- B&B Muffler — 1000 E Crest Dr, Waco, TX 76705
- Elevate Automotive, LLC — 1001 E Crest Dr, Waco, TX 76705
Frequently Asked Questions
What type of property is this?
Auto shop - Metal-and-concrete repair facility includes heavy-duty lifts and a separate three-bedroom residence on the same parcel.
Where is this auto shop located?
The property is located at 1103 N Lacy Drive Waco, TX.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: 2,260‑square‑foot automotive repair shop constructed in 2024; Two heavy‑duty lifts convey with the sale; Three‑bedroom, one‑bath home included on the property
