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    512-616 N New Rd Waco, TX 76710

    For Lease
    $14 SF/Yr ($2,800 /Mo)

    Remodeled retail space with excellent visibility and high traffic counts.

    Property size:
    2,400 SF
    Lot size:
    2.91 Acres

    Property Features for 512-616 N New Rd

    General Information

    Size
    2,400 SF
    Lot size
    2.91 Acres

    Source: Reid Peevey Commercial Real Estate Agent Patrick Farrar

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

    Overview

    Newly Remodeled Retail Space Available

    This property features attractive storefronts and has been newly remodeled. The location offers excellent visibility, great access, and high traffic counts. It is zoned C3.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.1674967
    Latitude
    31.5189119

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    FAQs

    What type of property is this?
    Storefront property - Remodeled retail space with excellent visibility and high traffic counts.
    Where is this storefront property located?
    The property is located at 512-616 N New Rd Waco, TX.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - High Traffic Counts; - Excellent Visibility; - Newly Remodeled
    (254) 749-0613
    Request Owner's contact information
    512-616 N New Rd Waco, TX 76710
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    Waco, TX 76710
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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
    512-616 N New Rd Waco, TX 76710
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