Updated Office Building Near
For Sale
$525,000
1311 N New Road B, Waco, TX 76710
Mostly open office layout with multiple baths, a breakroom kitchen, and two parking lots.
Property Size2,040 SF
Price / SF$257.35
Days on Market48
Property Features for 1311 N New Road B
General Information
Standard status
Active
Size
2,040 SF
Zoning
O-2
Amenities
multiple baths
breakroom kitchen
Building Details
Year Built
1981
Buildings
1
Listing Agency:
Niche Real Estate
Listed By:
Troy Behringer · License #0620490
(254) 405-0878
Source:
Minteerteam
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 7 at 3:21PM
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 office building provides a mostly open interior arrangement with multiple bathrooms and a breakroom kitchen. The exterior has been updated, and the property includes two parking lots with access for visitors and occupants. Built in 1981, the building offers an established commercial footprint for office use.
The property is located near the intersection of New Road and Bosque Boulevard in Waco. Surrounding businesses include Bush's Chicken, Greenlife Nursery, Extraco Events Center, Walgreens, and Standard Hat Works. O-2 zoning is in place, and the building was previously occupied by a finance company.
The property is located near the intersection of New Road and Bosque Boulevard in Waco. Surrounding businesses include Bush's Chicken, Greenlife Nursery, Extraco Events Center, Walgreens, and Standard Hat Works. O-2 zoning is in place, and the building was previously occupied by a finance company.
Key Highlights
- O‑2 zoning supports office use and other permitted commercial applications
- Mostly open interior layout with multiple baths and a breakroom kitchen
- Updated exterior with two parking lots
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,362
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,240
$567.2K
Cap Rate 7%
$405,171
$405.2K
Cap Rate 9%
$315,133
$315.1K
Market Conditions
NOI Build-Up for 2,040 SF
Gross rent
$45.3K $22.20/SF
− Vacancy
−$7.5K −$3.66/SF
EGI
$37.8K $18.54/SF
− OpEx
−$9.5K −$4.63/SF
NOI
$28.4K $13.90/SF
Area
Waco, TX
Vacancy
16.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,240
Cap Rate 7%
$405,171
Cap Rate 9%
$315,133
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
848
Businesses Nearby
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Business Placement
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Mostly open office layout with multiple baths, a breakroom kitchen, and two parking lots.
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: O‑2 zoning supports office use and other permitted commercial applications; Mostly open interior layout with multiple baths and a breakroom kitchen; Updated exterior with two parking lots
