Waco Industrial Property For Sale

324 S Lacy Dr, Waco, TX

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For Sale

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7,500 SF industrial property with Forward Air tenant.

Type:INDUSTRIAL

Property size:

7,500 SF

Lot size:

4.00 Acres

Price / SF:

$133/SF

HighLights

Tenant: Forward Air, Inc. provides stable income from a well‑established tenant
Lease Expiration: January 31, 2029, offers long‑term investment security
Location: New Dallas Highway (77) frontage with great access to Loop 340 and I‑35 North running to DFW, ensures excellent connectivity
Annual Rent Increases: 3% provides increasing return on investment
9 dock high doors, 1 semi dock, 1 ramp, facilitates efficient logistics
±4 acres and +/- 7,500 Total SF provides ample space for operations

We can help!

Listing Contact

Jason English

For Sale

Contact for pricing

7,500 SF industrial property with Forward Air tenant.

Type:INDUSTRIAL

Property size:

7,500 SF

Lot size:

4.00 Acres

Price / SF:

$133/SF

Added:: Feb 12, 2024
Days on Market:: 850
Last Refresh:: May 20 at 9:00 pm

Property Features for 324 S Lacy Dr

General Information

Standard status: Active
Size: 7,500 SF
Lot size: 4.00 Acres
Property subtype: INDUSTRIAL

We can help!

Listing Contact

Jason English

Listing agent Jason English License ##595873

Listing office Lee & Associates

Listing date Feb 12, 2024

Source Moodyscre

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 Lee & Associates

HighLights

Tenant: Forward Air, Inc. provides stable income from a well‑established tenant
Lease Expiration: January 31, 2029, offers long‑term investment security
Location: New Dallas Highway (77) frontage with great access to Loop 340 and I‑35 North running to DFW, ensures excellent connectivity
Annual Rent Increases: 3% provides increasing return on investment
9 dock high doors, 1 semi dock, 1 ramp, facilitates efficient logistics
±4 acres and +/- 7,500 Total SF provides ample space for operations

Overview

This 7,500 square foot industrial property is available for sale. The property is leased to Forward Air, Inc., with a lease expiration date of January 31, 2029, and annual rent increases of 3%. The building includes approximately 750 square feet of office space and is situated on approximately 4 acres of land. It features an eave height of approximately 18 feet and is equipped with 9 dock-high doors (10' x 20'), 1 semi dock, and 1 ramp for loading. The property has city utilities, a new roof, and is fully fenced. Located with frontage on New Dallas Highway (77), it offers convenient access to Loop 340 and I-35 North, providing connectivity to the DFW area. The property is suitable for truck terminal, distribution, and warehouse use.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$94.5k	$12.60
− Vacancy	−$7.1k	−$0.95
EGI	$87.4k	$11.66
− OpEx	−$13.1k	−$1.75
NOI	$74.3k	$9.91

7,500 SF · lease $12.60/SF/yr · vacancy 7.50% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$1.06M

$928.8K – $1.24M (±1% cap)

NOI $74,301 @ 7.0% cap · market cap 7.43%

Second Best

Industrial

$947.0K

$828.7K – $1.10M (±1% cap)

NOI $66,292 @ 7.0% cap · market cap 6.63%

Theoretical Best

Office A

$1.98M

$1.73M – $2.31M (±1% cap)

NOI $138,510 @ 7.0% cap · market cap 13.85%

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

Property Profile Location Intelligence

Current Use by Public Records

DB Schenker USA Freight Service Land Air Express ... Trucking Company

Suggested Use

Location Insight

Map
Local Demand

City: Waco
County: McLennan
State: Texas
Longitude: -97.107
Latitude: 31.6172

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For sale
Truck terminals
TX
Waco
324 S Lacy Dr

What type of property is this?

Truck terminal - 7,500 SF industrial property with Forward Air tenant.

Where is this truck terminal located?

The property is located at 324 S Lacy Dr Waco, TX.

What is the asking price?

The asking price for this property is $1,000,000.

What are key features of this property?

This property features: Tenant: Forward Air, Inc. provides stable income from a well‑established tenant; Lease Expiration: January 31, 2029, offers long‑term investment security; Location: New Dallas Highway (77) frontage with great access to Loop 340 and I‑35 North running to DFW, ensures excellent connectivity

324 S Lacy Dr, Waco, TX

7,500 SF industrial property with Forward Air tenant.

Property Features for 324 S Lacy Dr

General Information

We can help!

HighLights

Overview

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Turnkey Two-Home Short-Term Rental

Automotive Repair and Warehouse Building

Multi-Unit Flex Warehouse Building

Landmark Office Building with Secured Lobby

Industrial Development Land Zoned C-2

Well-Maintained Duplex with Detached Garages

Corner Lot Worship and School Facility

Historic Hospitality Property

Three-Bay Automotive Service Building

Single-Story Masonry Commercial Building

Versatile Office Building with O-2 Zoning

Corner Office Building

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