Updated Storefront Commercial
For Sale
Contact for pricing
1311 N New Road, Waco, TX 76710
Mostly open commercial layout with multiple baths, a breakroom kitchen, and O-2 zoning.
Property Size2,040 SF
Price / SF$1.47
Days on Market49
Property Features for 1311 N New Road
General Information
Standard status
Active
Size
2,040 SF
Property subtype
Retail
Zoning
O-2
Amenities
open layout
multiple baths
breakroom kitchen
two parking lots
Building Details
Year Built
1981
Buildings
1
Listing Agency:
Niche Real Estate
(254) 405-0878
Listed By:
Troy Behringer · License #0620490
Source:
Lonestarluxuryrealty
Added: Sep 12
Changed: Oct 29
Last Checked: Oct 28 at 6:51AM
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 Niche Real Estate
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Investment Insights
Based on property information with market context.
This 2040-square-foot storefront commercial building was built in 1981 and has an updated exterior. The interior is arranged primarily as open space with multiple bathrooms and a breakroom kitchen, offering a practical foundation for a range of commercial configurations. O-2 zoning is in place, and the property was previously occupied by a finance company.
The building is located at 1311 N New Road in Waco, near the intersection of New Road and Bosque Boulevard. Bush’s Chicken, Greenlife Nursery, Extraco Events Center, Walgreens, and Standard Hat Works are identified nearby. Two parking lots flank the building and provide access from either side.
The building is located at 1311 N New Road in Waco, near the intersection of New Road and Bosque Boulevard. Bush’s Chicken, Greenlife Nursery, Extraco Events Center, Walgreens, and Standard Hat Works are identified nearby. Two parking lots flank the building and provide access from either side.
Key Highlights
- 2040 SF storefront building on 0.20 acres
- O‑2 zoning supports a range of commercial uses
- Mostly open interior with multiple baths and a breakroom kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,772
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,440
$475.4K
Cap Rate 7%
$339,600
$339.6K
Cap Rate 9%
$264,133
$264.1K
Market Conditions
NOI Build-Up for 2,040 SF
Gross rent
$37.9K $18.60/SF
− Vacancy
−$4.0K −$1.95/SF
EGI
$34.0K $16.65/SF
− OpEx
−$10.2K −$4.99/SF
NOI
$23.8K $11.65/SF
Area
Waco, TX
Vacancy
10.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,440
Cap Rate 7%
$339,600
Cap Rate 9%
$264,133
Alternative Uses
Best Use
Retail
$339.6K
$297.2K – $396.2K
NOI $23,772 @ 7.0% cap · market cap 792.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$538.2K
$470.9K – $627.9K
NOI $37,675 @ 7.0% cap · market cap 1,255.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
848
Businesses Nearby
68k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 28%
Home Improvements & Furnishings 18%
Circle K
Shops & Services
20,724 visits/mo
0.2 miles
Bush's Chicken
Dining
19,327 visits/mo
0.2 miles
Dollar General
Shops & Services
12,547 visits/mo
0.1 miles
Harbor Freight Tools
Home Improvements & Furnishings
12,066 visits/mo
0.2 miles
Precision Tune Auto Care
Shops & Services
2,677 visits/mo
0.2 miles
Demographics for 76710, TX
24,874
Population
12,391
Households
2
Avg Household Size
38
Median Age
32%
College-Educated
92%
High-School Grad
9.3 sq mi
ZIP Area
2,675
Density / Sq Mi
$53,304
Median Household Income
$36,425
Median Earnings
$1,098
Median Rent
$229,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- A Rare Bloom — 1300 Lake Air Dr #6, Waco, TX 76710
Frequently Asked Questions
What type of property is this?
Storefront property - Mostly open commercial layout with multiple baths, a breakroom kitchen, and O-2 zoning.
Where is this storefront property located?
The property is located at 1311 N New Road Waco, TX.
What are key features of this property?
This property features: 2040 SF storefront building on 0.20 acres; O‑2 zoning supports a range of commercial uses; Mostly open interior with multiple baths and a breakroom kitchen
