Versatile Office Building with O-2
1311 N New Road #B Waco, TX 76710
For Sale
$525,000
Mostly open office layout with multiple restrooms, breakroom kitchen, and updated exterior, supported by O-2 zoning.
Property Size2,040 SF
Price / SF$257.35
Days on Market93
Property Features for 1311 N New Road #B
General Information
- Standard status
- Active
- Size
- 2,040 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1981
Listing Agency:
Niche Real Estate
(254) 405-0878
Listed By:
Troy Behringer · License #0620490
Source:
Signaturere
Added: Apr 22
Changed: Jul 23
Last Checked: Jul 23 at 12:37PM
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
Investment Insights
Based on property information with market context.
This versatile office building features a mostly open interior layout with multiple baths and a breakroom kitchen. The exterior has been freshly updated, and the building is served by two parking lots that provide convenient entry.
The property is located in a high-visibility area near the intersection of New Road and Bosque Boulevard, surrounded by established local and national businesses. Nearby businesses mentioned include Bush’s Chicken, Greenlife Nursery, Extraco Events Center, Walgreens, and Standard Hat Works.
The building was previously occupied by a finance company and is offered with O-2 zoning, which allows for many possible uses. The listing agent notes an alternate listing for a long-term NNN lease opportunity.
The property is located in a high-visibility area near the intersection of New Road and Bosque Boulevard, surrounded by established local and national businesses. Nearby businesses mentioned include Bush’s Chicken, Greenlife Nursery, Extraco Events Center, Walgreens, and Standard Hat Works.
The building was previously occupied by a finance company and is offered with O-2 zoning, which allows for many possible uses. The listing agent notes an alternate listing for a long-term NNN lease opportunity.
Key Highlights
- 1981‑built commercial building with mostly open office layout and multiple restrooms
- O‑2 zoning supports many possible uses
- Includes breakroom kitchen and multiple baths
Financial Insights For Office B
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 | $45.3k | $22.20 |
| − Vacancy | −$7.5k | −$3.66 |
| EGI | $37.8k | $18.54 |
| − OpEx | −$9.5k | −$4.63 |
| NOI | $28.4k | $13.90 |
2,040 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$405.2K
$354.5K – $472.7K
NOI $28,362 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$538.2K
$470.9K – $627.9K
NOI $37,675 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
World Finance
Loan Service
FAQs
What type of property is this?
Office building - Mostly open office layout with multiple restrooms, breakroom kitchen, and updated exterior, supported by O-2 zoning.
Where is this office building located?
The property is located at 1311 N New Road #B Waco, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1981‑built commercial building with mostly open office layout and multiple restrooms; O‑2 zoning supports many possible uses; Includes breakroom kitchen and multiple baths
