Downtown Waco Office
613 Austin Ave Waco, TX 76701
For Sale
$300,000
Move-in ready office condo in downtown Waco on Austin Ave.
Property Size858 SF
Price / SF$349.65
Days on Market319
Property Features for 613 Austin Ave
General Information
- Standard status
- Active
- Size
- 858 SF
- Property subtype
- Office
Listing Agency:
Cromwell Commercial Group
(254) 313-0000
Listed By:
Gregg Glime · License #0620081
(254) 313-0000
Source:
Cbcworldwide
Added: Sep 10, 2025
Changed: May 21
Last Checked: Apr 9 at 9:00PM
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 Cromwell Commercial Group
Investment Insights
Based on property information with market context.
An office condominium located in downtown Waco on Austin Avenue is available for purchase. Constructed in 2011, this first-floor unit offers 858 square feet of space. The layout includes a lobby, three offices of generous size, and a bathroom. The condominium has been updated and is move-in ready.
Key Highlights
- Downtown Waco location on Austin Ave.
- Move‑in ready condition with recent updates.
- First floor unit.
Financial Insights For Office B
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 | $19.0k | $22.20 |
| − Vacancy | −$3.1k | −$3.66 |
| EGI | $15.9k | $18.54 |
| − OpEx | −$4.0k | −$4.63 |
| NOI | $11.9k | $13.90 |
858 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$170.4K
$149.1K – $198.8K
NOI $11,929 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$226.4K
$198.1K – $264.1K
NOI $15,846 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Jake's Texas Tea ...
Restaurant
FAQs
What type of property is this?
Office units - Move-in ready office condo in downtown Waco on Austin Ave.
Where is this office units located?
The property is located at 613 Austin Ave Waco, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Downtown Waco location on Austin Ave.; Move‑in ready condition with recent updates.; First floor unit.
