Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5211 Lake Shore Dr Waco, TX 76710

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Stand alone office space with easy access and ample parking.

    Property size:
    4,748 SF
    Lot size:
    0.15 Acres

    Property Features for 5211 Lake Shore Dr

    General Information

    Size
    4,748 SF
    Lot size
    0.15 Acres

    We can help!

    Listing Contact
    Raynor Campbell
    Raynor Campbell
    Source: Moodyscre

    Listing Agent: Raynor Campbell

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

    Learn more

    Property Insight Report

    Overview

    Stand Alone Office Space Available

    This is a stand alone office space. The property is clean and well-maintained. It features ample on-site parking and drive-up access. The property offers easy access off of Lake Shore Drive. The space totals 4748 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Unicom Technologies Tech Support Center Blue Scout Media Film Production

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.2046371
    Latitude
    31.5525264

    Nearby Similar for Lease

    • $3,774 /Mo
      6,970 SF

      High-Visibility Office Space in Waco

      Move-in ready office space in a high-traffic commercial corridor.
      720 Lake Air Dr, Waco, TX 76710
      View Details
    • $7,252 /Mo
      4,800 SF

      Retail Space in High-Traffic Area

      4,800 SF retail space in a thriving commercial hub.
      1300 Lake Air Dr, Waco, TX 76710
      View Details
    • $3,000 /Mo
      20,604 SF

      Waco Retail Space For Lease

      High-visibility retail space in Waco, near Bosque Boulevard.
      1311 N New Rd, Waco, TX 76710
      View Details
    • $400 /Mo

      Professional Office Space Available

      Full-service office space in a convenient West Waco location.
      1838 N Valley Mills Dr, Waco, TX 76710
      View Details
    • $400 /Mo

      Professional Office Space on Franklin

      Office space for lease in central Waco with convenient access.
      4949 Franklin Ave, Waco, TX 76710
      View Details
    • $24 SF/Yr

      Retail/Office/Medical Space For Lease

      Shell space suitable for retail, office, or medical use.
      1120 Lake Air Dr, Waco, TX 76710
      View Details
    • $30 SF/Yr
      719 SF

      Retail Space on Austin Avenue

      Retail space for rent with great visibility on Austin Avenue.
      1501-1509 Austin Ave, Waco, TX 76701
      View Details
    • $16 SF/Yr
      3,854 SF

      Retail or Office Space Available

      Retail or office space with high visibility and parking.
      718-722 N Valley Mills Dr, Waco, TX 76711
      View Details
    • $10 SF/Yr
      3,560 SF

      Waco Flex Space Available

      Two buildings with showroom space, easy access to I-35.
      2909 Speight Ave, Waco, TX 76711
      View Details
    • $9 SF/Yr
      6,042 SF

      Warehouse/Showroom Space on Franklin Ave

      Warehouse/showroom space with drive-through bay doors and on-site parking.
      1005 Franklin Ave, Waco, TX 76701
      View Details
    • $10 SF/Yr
      6,825 SF

      Waco Flex Space Available

      Two buildings with showroom space and easy highway access.
      2901 Speight Ave, Waco, TX 76711
      View Details
    • $1,500 /Mo
      1,200 SF

      Retail Space For Rent

      Retail space available for lease with high traffic counts.
      2512 W Waco Dr, Waco, TX 76707
      View Details

    FAQs

    What type of property is this?
    Office units - Stand alone office space with easy access and ample parking.
    Where is this office units located?
    The property is located at 5211 Lake Shore Dr Waco, TX.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Stand alone office space; - Ample on-site parking; - Easy access off of Lake Shore Drive
    (254) 313-0000 Call to check price and availability
    Request Owner's contact information
    5211 Lake Shore Dr Waco, TX 76710
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5211 Lake Shore Dr
    Waco, TX 76710
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    5211 Lake Shore Dr Waco, TX 76710
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Raynor Campbell
    Raynor Campbell
    (254) 313-0000 (254) 644-1838
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!