Listing Agency: Coldwell Banker Commercial Apex, Realtors

Listed By: Caleb Loudamy · License #713215 Show Phone

Source: Crexi

Added: Mar 21 Changed: Sep 28 Last Checked: Oct 12 at 5:12PM

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Investment Insights

Based on property information with market context.

Available for purchase, this warehouse offers an excellent opportunity for industrial, storage, or service-based users seeking convenient access to the greater Waco market. Located at 193 Katy Rd in Elm Mott, the property is positioned just off I-35, providing quick connectivity to Waco, Bellmead, and major Central Texas trade routes. The building features functional warehouse spaces suitable for a variety of operations, with ample room for equipment, storage, or light industrial use. The warehouse has 12-foot overhead doors on the front and back, and a 16-foot clear height with a 20-foot peak height. The 3,500+/- SF property includes three offices and bathrooms, and a graded yard. The property is located in the ETJ (no zoning). Ideally positioned for an owner-user or investor, the property can be split into 3 different suites to lease or occupy any variation.

Key Highlights

• Convenient access to Waco, Bellmead, and major Central Texas trade routes via I‑35.
• 3,500+\/- SF warehouse** suitable for industrial, storage, or service‑based businesses.
• Potential to be split into 3 suites for leasing or owner‑user flexibility.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,632

Cap Rate

4.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$432,640 $432.6K

Cap Rate 7%

$309,029 $309.0K

Cap Rate 9%

$240,356 $240.4K

Market Conditions

NOI Build-Up for 3,500 SF

Gross rent

$27.2K $7.76/SF

− Vacancy

−$1.7K −$0.49/SF

EGI

$25.4K $7.27/SF

− OpEx

−$3.8K −$1.09/SF

NOI

$21.6K $6.18/SF

Area

McLennan County, TX

Vacancy

6.30%

Lease Rate

$7.76 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$432,640

Cap Rate 7%

$309,029

Cap Rate 9%

$240,356

Alternative Uses

Best Use

Warehouse

$309.0K

$270.4K – $360.5K (±1% cap)

NOI $21,632 @ 7.0% cap · market cap 4.81%

Second Best

Industrial

$254.5K

$222.7K – $296.9K (±1% cap)

NOI $17,814 @ 7.0% cap · market cap 3.96%

Theoretical Best

Multifamily LT 5

$43.60M

$38.15M – $50.87M (±1% cap)

NOI $3,052,101 @ 7.0% cap · market cap 678.24%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Real Estate Agency (Bike/Boat/Book/etc) Store Dental Office Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

143

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 76640, TX

3,063

Population

1,114

Households

2.7

Avg Household Size

43

Median Age

17%

College-Educated

95%

High-School Grad

28.2 sq mi

ZIP Area

109

Density / Sq Mi

$61,458

Median Household Income

$44,743

Median Earnings

$965

Median Rent

$178,300

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• Elm Mott Self Storage — 593 S McLennan Dr, Elm Mott, TX 76640
• Elm Mott Self Storage — 2082 Mesquite Tree Rd, Elm Mott, TX 76640

Frequently Asked Questions

What type of property is this?

Warehouse - 3,500+/- SF warehouse near I-35 in Elm Mott, TX.

Where is this warehouse located?

The property is located at 193 S Katy Rd Elm Mott, TX.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Convenient access to Waco, Bellmead, and major Central Texas trade routes via I‑35.; 3,500+\/- SF warehouse** suitable for industrial, storage, or service‑based businesses.; Potential to be split into 3 suites for leasing or owner‑user flexibility.