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Versatile Commercial Property in Waco

1013 Austin Avenue Waco, TX 76701

1013 Austin Avenue, Waco, TX, 76701

$895,000

For Sale

$895,000

Two buildings with multiple possibilities in Waco, Texas.

Property Size7,800 SF

Price / SF$114.74

AddedMay 18

Days on Market60

Last RefreshJul 15 at 5:04 pm

Property Features for 1013 Austin Avenue

General Information

Standard status: Active
Size: 7,800 SF
Property subtype: Commercial

Building Details

Year Built: 1920

Listing office Kelly, Realtors

Listing date May 18, 2026

Source Signaturere

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 Kelly, Realtors

Investment Insights

Based on property information with market context.

This commercial property features two units, each measuring 3900 square feet, connected by a breezeway and an elevated roof level platform. Constructed in 1920 and 1935, the buildings offer multiple possibilities for use. One unit has previously served as a recording studio, office space, furniture store, and residence. The other unit has recently been utilized as a warehouse storage facility. A covered rear patio area is secured with an iron gate and security bars, providing enclosure and access to the alley.

Key Highlights

Two Units, Each 3900 Sq. Ft.
Multiple Use Possibilities including Recording Studio, Office, Store, Residence, or Warehouse
Secure Rear Patio with Iron Gate and Security Bars

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$98.3k	$12.60
− Vacancy	−$7.4k	−$0.95
EGI	$90.9k	$11.66
− OpEx	−$13.6k	−$1.75
NOI	$77.3k	$9.91

7,800 SF · lease $12.60/SF/yr · vacancy 7.50% · expense 15.00%

Alternative Uses

Best Use

Office B

$1.55M

$1.36M – $1.81M (±1% cap)

NOI $108,441 @ 7.0% cap · market cap 12.12%

Second Best

Retail

$1.30M

$1.14M – $1.51M (±1% cap)

NOI $90,893 @ 7.0% cap · market cap 10.16%

Theoretical Best

Office A

$2.06M

$1.80M – $2.40M (±1% cap)

NOI $144,050 @ 7.0% cap · market cap 16.09%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Favorite Finance Loan Service

Suggested Use

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Similar Off Market Nearby

Janek Moving Services — 1225 Franklin Ave, Waco, TX 76701
Downtown Storage — 1225 Franklin Ave, Waco, TX 76701
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For sale
Warehouses
TX
Waco
76701
1013 Austin Avenue

What type of property is this?

Warehouse - Two buildings with multiple possibilities in Waco, Texas.

Where is this warehouse located?

The property is located at 1013 Austin Avenue Waco, TX.

What is the asking price?

The asking price for this property is $895,000.

What are key features of this property?

This property features: Two Units, Each 3900 Sq. Ft.; Multiple Use Possibilities including Recording Studio, Office, Store, Residence, or Warehouse; Secure Rear Patio with Iron Gate and Security Bars