Auto Repair Shop with Shop
1103 N Lacy Drive Waco, TX 76705
1103 N Lacy Drive, Waco, TX, 76705
$539,000
For Sale
$539,000
COMMERCIAL - Waco, TX
Property Size2,260 SF
Lot Size0.74 Acres
Price / SF$238.50
Days on Market103
Property Features for 1103 N Lacy Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Security features
- Security
- 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
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
- Shingle, Metal
Listing agency
Dash Realty
(512) 222-3406
Listed by
Richard Zelaya · License #0507569
(877) 987-7653
Added: Apr 10 Updated: Jul 10 at 9:56PM Checked: Jul 21 at 9:06AM
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.
Investment Insights
Based on property information with market context.
This offering includes a 2,260-square-foot shop building constructed in 2024 with two heavy-duty lifters that will convey with the sale. The property also features a homeowner-occupied 3-bedroom, 1-bath home built in 1946, situated on 0.74 acres.
Located at 1103 N Lacy Drive in Waco, TX 76705, the combined setup provides an existing auto repair shop operation alongside a residential structure on the same site.
Located at 1103 N Lacy Drive in Waco, TX 76705, the combined setup provides an existing auto repair shop operation alongside a residential structure on the same site.
Key Highlights
- 2,260 SF shop building built in 2024 with 2 heavy‑duty lifters that convey with the sale
- Includes a homeowner‑occupied 3‑bedroom, 1‑bath home built in 1946
- Auto repair shop setup with potential to expand into auto bodywork, tire repair, towing, and used car sales lot (per remarks)
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 |
2,260 SF · lease $18.60/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$376.2K
$329.2K – $438.9K
NOI $26,336 @ 7.0% cap · market cap 4.89%
Second Best
Industrial
$285.4K
$249.7K – $332.9K
NOI $19,976 @ 7.0% cap · market cap 3.71%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
77 Automotive Service ...
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Chuck's Automotive Center — 1000 E Crest Dr, Waco, TX 76705
- B&B Muffler — 1000 E Crest Dr, Waco, TX 76705
- JJ Tires Shop — 110 E Crest Dr, Waco, TX 76705
- SunLightProWindowTint/JJTireShop — 110 E Crest Dr, Waco, TX 76705
- Elevate Automotive, LLC — 1001 E Crest Dr, Waco, TX 76705
FAQs
What type of property is this?
Auto shop - Modern 2,260-square-foot shop built in 2024 with two heavy-duty lifters, plus an occupied 3-bedroom home.
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 SF shop building built in 2024 with 2 heavy‑duty lifters that convey with the sale; Includes a homeowner‑occupied 3‑bedroom, 1‑bath home built in 1946; Auto repair shop setup with potential to expand into auto bodywork, tire repair, towing, and used car sales lot (per remarks)
