Corner Office
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For Sale
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1723 W Waco Drive #1725, Waco, TX 76707
C-2 zoning supports a range of commercial uses, including office, retail, and professional services.
Property Size2,536 SF
Price / SF$0.59
Days on Market2
Property Features for 1723 W Waco Drive #1725
General Information
Standard status
Active
Size
2,536 SF
Property subtype
Office
Zoning
C-2
Additional Details
Condition
Shell
Property Use
Office
Building Details
Year Built
1976
Listing Agency:
Sears Realty Group powered by NB Elite Realty, Broker
Listed By:
LeeAnn Sears · License #0485960
(903) 466-1599
Source:
Searsrealty
Added: Nov 1
Last Checked: Nov 1 at 3:51PM
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 Sears Realty Group powered by NB Elite Realty, Broker
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit at 1723 W Waco Drive has C-2 zoning, which supports office, retail, and professional-services uses. The space is ready for tenant improvements. Exterior work includes fresh paint and a newer roof; the building dates to 1976.
The property occupies the corner of W Waco Drive and N 18th Street, along a commercial corridor with drive-by and pedestrian traffic. Downtown Waco is a short drive away.
The property occupies the corner of W Waco Drive and N 18th Street, along a commercial corridor with drive-by and pedestrian traffic. Downtown Waco is a short drive away.
Key Highlights
- C‑2 zoning
- Corner at W Waco Drive and N 18th Street
- Fresh exterior paint and newer roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,257
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,140
$705.1K
Cap Rate 7%
$503,671
$503.7K
Cap Rate 9%
$391,744
$391.7K
Market Conditions
NOI Build-Up for 2,536 SF
Gross rent
$56.3K $22.20/SF
− Vacancy
−$9.3K −$3.66/SF
EGI
$47.0K $18.54/SF
− OpEx
−$11.8K −$4.63/SF
NOI
$35.3K $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%
$705,140
Cap Rate 7%
$503,671
Cap Rate 9%
$391,744
Alternative Uses
Best Use
Office B
$503.7K
$440.7K – $587.6K
NOI $35,257 @ 7.0% cap · market cap 2,350.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$669.1K
$585.4K – $780.6K
NOI $46,835 @ 7.0% cap · market cap 3,122.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,459
Businesses Nearby
Explore this area
Business Placement
Demographics for 76707, TX
16,227
Population
6,678
Households
2.4
Avg Household Size
31
Median Age
15%
College-Educated
76%
High-School Grad
3.3 sq mi
ZIP Area
4,917
Density / Sq Mi
$38,208
Median Household Income
$27,124
Median Earnings
$1,055
Median Rent
$113,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - C-2 zoning supports a range of commercial uses, including office, retail, and professional services.
Where is this office unit located?
The property is located at 1723 W Waco Drive #1725 Waco, TX.
What are key features of this property?
This property features: C‑2 zoning; Corner at W Waco Drive and N 18th Street; Fresh exterior paint and newer roof
