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    Austin Avenue Retail Opportunity Title is generated by Realmo AI

    1017-1019 Austin Ave, Waco, TX

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    Retail space available for lease or purchase on Austin Avenue.

    Type:RETAIL
    Property size:
    7,379 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $195/SF
    Added:
    Apr 21, 2025
    Days on Market:
    426
    Last Refresh:
    May 20 at 8:21 pm

    Property Features for 1017-1019 Austin Ave

    General Information

    Standard status
    Active
    Size
    7,379 SF
    Lot size
    0.22 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 1017-1019 Austin Ave Contact us

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    Listing Contact
    Gregg Glime
    Gregg Glime

    Listing agent Gregg Glime License #0620081

    Listing office Cromwell Commercial Group

    Listing date Apr 21, 2025

    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

    • Available for Lease or Purchase
    • Located on the popular Austin Avenue
    • Neighbors include Dottie Oaks Retail and Residential Condos
    • Neighbors include Milo All Day
    • Neighbors include Balcones Distilling
    • Additional Property Details

    Overview

    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.

    Local 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 (±1% cap)
    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 (±1% cap)
    NOI $136,275 @ 7.0% cap · market cap 9.46%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Building Supply Law Firm Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.1372
    Latitude
    31.5526

    FAQs

    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
    (254) 339-2200 Call to check price and availability
    More about this property
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