6400 Cobbs Dr, Waco, TX
Office space with ample parking near Loop 340.
- Added:
- Jul 9, 2024
- Days on Market:
- 712
- Last Refresh:
- May 19 at 8:27 pm
Property Features for 6400 Cobbs Dr
General Information
- Standard status
- Active
- Size
- 2,258 SF
- Lot size
- 1.81 Acres
- Property subtype
- OFFICE
Listing agent Gregg Glime License #0620081 (254) 339-2200
Listing office Cromwell Commercial Group (254) 339-2200
Listing date Jul 9, 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 Cromwell Commercial Group
HighLights
- Ample parking available for tenants and visitors
- Benefit from good signage, increasing visibility
- Conveniently located near Loop 340
- Enjoy proximity to Lake Waco
- Near Ridgewood Country Club
Overview
Local 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 | $50.1k | $22.20 |
| − Vacancy | −$8.3k | −$3.66 |
| EGI | $41.9k | $18.54 |
| − OpEx | −$10.5k | −$4.63 |
| NOI | $31.4k | $13.90 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Waco
- County
- McLennan
- State
- Texas
- Longitude
- -97.203
- Latitude
- 31.5301
