1018 - 1020 Franklin Ave Waco, TX 76701
Fully leased retail building near major downtown developments.
Property Features for 1018 - 1020 Franklin Ave
General Information
- Standard status
- Active
- Size
- 9,600 SF
- Property subtype
- Retail
Listing office Cromwell Commercial Group (254) 313-0000
Listing date Sep 10, 2025
Source Cbcworldwide
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.
Key Highlights
- Fully leased building with strong, well‑known tenants.
- Prime downtown location at the lighted intersection of Franklin Avenue and 11th Street.
- Anchored by Milo, a prominent tenant.
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 | $178.6k | $18.60 |
| − Vacancy | −$18.7k | −$1.95 |
| EGI | $159.8k | $16.65 |
| − OpEx | −$47.9k | −$4.99 |
| NOI | $111.9k | $11.65 |
