Four-Unit Flex Industrial
210 Stanfield Dr, Waco, TX 76705
For Sale
$685,000
Each bay combines warehouse and office space with a private restroom for flexible occupancy.
Property Size5,000 SF
Price / SF$137
Days on Market186
Property Features for 210 Stanfield Dr
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Inspired Capital, LLC
(210) 239-3640
Listed By:
Sam El-Gizawy · License TX #680958
Source:
Devillarproperties
Added: May 9
Changed: Nov 7
Last Checked: Nov 9 at 8:52PM
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 Inspired Capital, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2024, this 5,000-square-foot flex property is divided into four 1,250-square-foot units. Each unit combines warehouse and office areas, includes a private restroom, and has a grade-level roll-up door for loading and unloading. The units may be occupied or leased separately, or combined for a larger footprint.
On-site parking serves the property. The warehouse-office configuration and individual unit layout are the defining features of the offering.
On-site parking serves the property. The warehouse-office configuration and individual unit layout are the defining features of the offering.
Key Highlights
- Four flex units, each measuring 1,250 SF, within a 5,000 SF property
- Warehouse and office areas with a private restroom in each unit
- Grade‑level roll‑up door at each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,330
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,600
$1.0M
Cap Rate 7%
$719,000
$719.0K
Cap Rate 9%
$559,222
$559.2K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$87.0K $17.40/SF
− Vacancy
−$9.6K −$1.91/SF
EGI
$77.4K $15.49/SF
− OpEx
−$27.1K −$5.42/SF
NOI
$50.3K $10.07/SF
Area
Waco, TX
Vacancy
11.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,600
Cap Rate 7%
$719,000
Cap Rate 9%
$559,222
Alternative Uses
Best Use
Flex RnD
$719.0K
$629.1K – $838.8K
NOI $50,330 @ 7.0% cap · market cap 7.35%
Second Best
Warehouse
$707.6K
$619.2K – $825.6K
NOI $49,534 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,340 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76705, TX
31,736
Population
12,107
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
80%
High-School Grad
118.6 sq mi
ZIP Area
268
Density / Sq Mi
$54,881
Median Household Income
$33,076
Median Earnings
$941
Median Rent
$167,000
Median Home Value
Market
Properties on Market for Flex space in Waco
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Each bay combines warehouse and office space with a private restroom for flexible occupancy.
Where is this flex space located?
The property is located at 210 Stanfield Dr Waco, TX.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Four flex units, each measuring 1,250 SF, within a 5,000 SF property; Warehouse and office areas with a private restroom in each unit; Grade‑level roll‑up door at each unit
