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    720 N New Rd Waco, TX 76710

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    For Sale
    $1,750,000

    Prime 1.26-acre development property in the heart of Waco.

    Lot size:
    1.26 Acres

    Property Features for 720 N New Rd

    General Information

    Lot size
    1.26 Acres

    Source: The McLeod Company Agent Matthew McLeod

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

    Overview

    Waco Development Opportunity For Sale

    This prime development property, situated in the heart of Waco, offers a 1.26-acre flag-shaped lot suitable for multi-family, retail, or institutional development. The site benefits from high daily traffic on New Road, estimated at nearly 18,000 vehicles. Its location is adjacent to a Dollar General, Schlotzsky's, and a Natural Grocers, with churches, multi-family residences, schools, and banks in the immediate vicinity. Formerly the site of an elementary school, the property is now cleared, allowing for immediate development. This represents one of the last remaining development sites in Waco's urban core.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.1759531
    Latitude
    31.5307752

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    FAQs

    What type of property is this?
    Commercial land - Prime 1.26-acre development property in the heart of Waco.
    Where is this commercial land located?
    The property is located at 720 N New Rd Waco, TX.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - 1.26 acre development property in Waco's urban core.; - High traffic location: Approximately 18,000 vehicles per day.; - Suitable for multi-family, retail, or institutional development.
    Request Owner's contact information
    720 N New Rd Waco, TX 76710
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    Waco, TX 76710
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    Realmo Value Estimation

    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.

    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.

    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
    720 N New Rd Waco, TX 76710
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