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Office Space with C-2 Zoning
For Lease
$1,500/Mo

1723 W Waco Drive, Waco, TX 76707

CommercialLease, Waco, TX

Space Size1,806 SF
Lot Size0.24 Acres
Days on Market8

Property Features for 1723 W Waco Drive

General Information

Property type Commercial Lease
Property subtype Office
Zoning description C-2
Parking features Off Street, Driveway, Parking Lot
Subdivision Monnig
Directions Take I-35 toward downtown Waco., Take the exit for US-84 - Waco Drive., Head west on Waco Drive US-84., Continue west on Waco Drive for roughly 1.5-2 miles., The property is at 1723 W Waco Dr, at the corner of N 18th St and W Waco Dr., watch for the property on the corner.
Standard status Active
APN 480295030001004
Lot size 0.24 Acres

Taxes and HOA fees

Tax Description MONNIG LOT 1 BLOCK 1 ACRES 0.2445
Legal Description MONNIG LOT 1 BLOCK 1 ACRES 0.2445

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Building Details

Year built 1976
Floors in Building 1
Number of units 1
Flooring type Laminate, Tile
Building materials Brick
Roof type Composition
Listing Agency: Keller Williams Realty, Waco
Listed By: Jonathon Villaescusa · License #0820265
Added: Oct 7 Last Checked: Oct 14 at 5:06AM
MLS# 21405996

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Office space at 1723 W Waco Drive features brick construction, laminate and tile flooring, and central heating and air conditioning. The interior is ready for tenant improvements. Exterior work includes fresh paint and a newer composition roof; the building dates to 1976.

The property occupies a corner at W Waco Drive and N 18th Street in Waco. It has C-2 zoning and a 0.244-acre lot, with off-street parking, a driveway, and a parking lot. Public water and sewer serve the property.

Key Highlights

  • C‑2 zoning
  • 0.244‑acre lot
  • Corner location at W Waco Drive and N 18th Street

Property Analytics

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Current Use

Hill Bail Bonds Law Firm Lucky Buttons (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Pharmacy Big Box & Wholesale Store Storage Facility Dental Office Carpet & Flooring Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,459
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Waco, TX

$13.8 /SF/Yr
Avg Asking Price
$7.11–$22.46 /SF/Yr
Price Range
9,878 SF
Avg Space Size

This space is priced 28% below the average of $13.8 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - The space is prepared for tenant improvements, with central heating and air conditioning and off-street parking.
Where is this office units located?
The property is located at 1723 W Waco Drive Waco, TX.
What is the lease rate?
The lease rate is $1,500/Mo.
What are key features of this property?
This property features: C‑2 zoning; 0.244‑acre lot; Corner location at W Waco Drive and N 18th Street
More about this property
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