Austin Avenue Retail
For Sale
Contact for pricing
1017-1019 Austin Ave, Waco, TX
Retail space available for lease or purchase on Austin Avenue.
Property Size7,379 SF
Lot Size0.22 Acres
Price / SF$195.15
Days on Market471
Property Features for 1017-1019 Austin Ave
General Information
Standard status
Active
Size
7,379 SF
Lot size
0.22 Acres
Property subtype
RETAIL
Listing Agency:
Cromwell Commercial Group
(254) 339-2200
Listed By:
Gregg Glime · License #0620081
(254) 339-2200
Source:
Moodyscre
Added: Apr 21, 2025
Changed: Jul 10
Last Checked: Jul 21 at 5:08AM
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
Investment Insights
Based on property information with market context.
This retail space, encompassing 7379 square feet, is available for lease or purchase. It is situated on Austin Avenue, near Dottie Oaks Retail and Residential Condos, Milo All Day, and Balcones Distilling.
Key Highlights
- Available for Lease or Purchase
- Located on the popular Austin Avenue
- Neighbors include Dottie Oaks Retail and Residential Condos
Financial Insights For Retail
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 | $137.2k | $18.60 |
| − Vacancy | −$14.4k | −$1.95 |
| EGI | $122.8k | $16.65 |
| − OpEx | −$36.9k | −$4.99 |
| NOI | $86.0k | $11.65 |
7,379 SF · lease $18.60/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.23M
$1.07M – $1.43M
NOI $85,987 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,275 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,906
Businesses Nearby
32k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Hotels & Casinos 39%
Dining 6%
Home Improvements & Furnishings 3%
Wells Fargo
Shops & Services
9,047 visits/mo
0.2 miles
Hotel Indigo Waco - Baylor
Hotels & Casinos
6,248 visits/mo
0.4 miles
Sunoco
Shops & Services
4,133 visits/mo
0.5 miles
Courtyard Waco
Hotels & Casinos
3,740 visits/mo
0.3 miles
Residence Inn Waco
Hotels & Casinos
2,382 visits/mo
0.5 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail space available for lease or purchase on Austin Avenue.
Where is this retail space located?
The property is located at 1017-1019 Austin Ave Waco, TX.
What is the asking price?
The asking price for this property is $1,440,000.
What are key features of this property?
This property features: Available for Lease or Purchase; Located on the popular Austin Avenue; Neighbors include Dottie Oaks Retail and Residential Condos
