Automotive Repair Shop with Heavy Duty
For Sale
$539,000
1103 N Lacy Drive, Waco, TX 76705
COMMERCIAL - Waco, TX
Property Size2,260 SF
Lot Size0.74 Acres
Price / SF$238.50
Days on Market117
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
Shingle, Metal
Listing Agency:
Dash Realty
(512) 222-3406
Listed By:
Richard Zelaya · License #0507569
(877) 987-7653
Added: Apr 10
Changed: Aug 2
Last Checked: Aug 4 at 10:06AM
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 automotive repair shop property includes a 2,260 sq-ft shop building built in 2024, with two heavy duty lifters that will convey with the sale. The shop features concrete flooring and is served by electric heating and central air.
The property also includes a homeowner occupied 3 bedroom, 1 bath home built in 1946. Exterior materials include metal siding and concrete, with a roof constructed of shingle and metal.
Site utilities include propane, public water, and a sewer combination of septic tank and public sewer. The overall lot size is 0.74 acres.
The property also includes a homeowner occupied 3 bedroom, 1 bath home built in 1946. Exterior materials include metal siding and concrete, with a roof constructed of shingle and metal.
Site utilities include propane, public water, and a sewer combination of septic tank and public sewer. The overall lot size is 0.74 acres.
Key Highlights
- 0.74‑acre property with an automotive repair shop plus an on‑site residence
- 2,260 sq‑ft shop building built in 2024
- Two heavy duty lifters convey with the sale
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
Frequently Asked Questions
What type of property is this?
Auto shop - Auto repair shop on 0.74 acres featuring two heavy duty lifters and a homeowner-occupied 3 bed, 1 bath 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: 0.74‑acre property with an automotive repair shop plus an on‑site residence; 2,260 sq‑ft shop building built in 2024; Two heavy duty lifters convey with the sale
