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    201 Elm Ave Waco, TX 76704

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    For Lease
    $22 SF/Yr ($18,333 /Mo)

    Prime location near I-35 and Baylor University.

    Property size:
    10,000 SF
    Lot size:
    10,000 SF

    Property Features for 201 Elm Ave

    General Information

    Size
    10,000 SF

    Building Details

    Year built
    1950

    Source: Josh Barrett Agent Josh Barrett

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Commercial Space Near Baylor

    This commercial space for lease at 201 Elm Ave, Waco, Texas, offers a white box delivery, providing a customizable space for various business needs. The property's location provides easy access to I-35 and is minutes from Baylor University. The space is suitable for retail, office, or service use. It is situated amidst student housing options and dining establishments, benefiting from high visibility and foot traffic. The property is located in the heart of the East Waco redevelopment, which hosts the Waco Farmers Market on Saturday mornings and Wednesday evenings. The available space ranges from 940 to 10,000 square feet. The location has strong traffic and close proximity to Downtown Waco.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.128
    Latitude
    31.579

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    FAQs

    What type of property is this?
    Retail space - Prime location near I-35 and Baylor University.
    Where is this retail space located?
    The property is located at 201 Elm Ave Waco, TX.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - Prime location with high visibility and strong traffic in the heart of East Waco redevelopment.; - Easy access to I-35 and minutes from Baylor University.; - Versatile space ideal for retail, office, or service use.
    (254) 722-9587
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    201 Elm Ave Waco, TX 76704
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