Gas Station and Service
1525 Franklin Avenue Waco, TX 76701
1525 Franklin Avenue, Waco, TX, 76701
$265,000
For Sale
$265,000
Vintage 1950s gas station and service shop on a high-traffic corner lot with partial renovations and ample parking.
Property Size1,078 SF
Price / SF$245.83
Days on Market862
Property Features for 1525 Franklin Avenue
General Information
- Standard status
- Active
- Size
- 1,078 SF
- Property subtype
- Retail
Listing agency
NextHome Our Town
(254) 214-8900
Listed by
Cristi McGowan · License #598401,PersonLicenseNumber
(254) 214-8900
Source
Xome
Added: Mar 14, 2024 Updated: Jul 21 at 9:15PM Checked: Jul 22 at 3:45AM
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 NextHome Our Town
Investment Insights
Based on property information with market context.
A vintage 1950s-era gasoline station and service shop offering a retained service-oriented layout. The property has been partially renovated and includes ample parking to support day-to-day customer access.
Set on a high-traffic corner lot in downtown Waco, Texas, the site is positioned along a main route in and out of the downtown area.
In addition to gas station facilities, the property includes a service shop component, providing an existing configuration that can support retail or service uses requiring on-site parking and direct roadside presence.
Set on a high-traffic corner lot in downtown Waco, Texas, the site is positioned along a main route in and out of the downtown area.
In addition to gas station facilities, the property includes a service shop component, providing an existing configuration that can support retail or service uses requiring on-site parking and direct roadside presence.
Key Highlights
- Vintage 1950s gasoline station and service shop on a high‑traffic downtown Waco corner lot
- Partially renovated property with 3 guest facilities
- Zoned C‑3
Local Financial Insights For Specialty Retail
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 | $21.3k | $19.80 |
| − Vacancy | −$2.0k | −$1.88 |
| EGI | $19.3k | $17.92 |
| − OpEx | −$4.8k | −$4.48 |
| NOI | $14.5k | $13.44 |
1,078 SF · lease $19.80/SF/yr · vacancy 9.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$207.0K
$181.1K – $241.5K
NOI $14,488 @ 7.0% cap · market cap 5.47%
Second Best
Retail
$179.5K
$157.0K – $209.4K
NOI $12,562 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$284.4K
$248.9K – $331.8K
NOI $19,909 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Gas stations
Similar For Sale Nearby
FAQs
What type of property is this?
Gas station - Vintage 1950s gas station and service shop on a high-traffic corner lot with partial renovations and ample parking.
Where is this gas station located?
The property is located at 1525 Franklin Avenue Waco, TX.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Vintage 1950s gasoline station and service shop on a high‑traffic downtown Waco corner lot; Partially renovated property with 3 guest facilities; Zoned C‑3
