Downtown Office Space with
For Sale
Contact for pricing
2214 Washington Ave, Waco, TX 76701
Well-maintained office suite with private offices, reception, and a break room, plus paved parking in front and rear.
Property Size1,938 SF
Price / SF$180.60
Days on Market21
Property Features for 2214 Washington Ave
General Information
Standard status
Active
Size
1,938 SF
Property subtype
OFFICE
Listing Agency:
Cromwell Commercial Group
(254) 644-1838
Listed By:
Raynor Campbell
(254) 644-1838
Source:
Moodyscre
Added: Jul 10
Changed: Jul 27
Last Checked: Jul 30 at 1:26PM
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 Cromwell Commercial Group
Investment Insights
Based on property information with market context.
A well-maintained office space totaling 1,938+/- SF is available in Downtown Waco and is well suited for a range of professional uses. The interior layout includes multiple private offices, a reception area, and a break room.
The building offers convenient accessibility with paved parking available at both the front and rear. Its central downtown setting places it close to local businesses and restaurants.
The configuration is designed to support client-facing reception and separate work areas through its combination of private offices and shared reception and break space.
The building offers convenient accessibility with paved parking available at both the front and rear. Its central downtown setting places it close to local businesses and restaurants.
The configuration is designed to support client-facing reception and separate work areas through its combination of private offices and shared reception and break space.
Key Highlights
- 1,938+/- SF of well‑maintained office space in Downtown Waco
- Layout includes multiple private offices, a welcoming reception area, and a break room
- Paved parking available in both the front and rear of the building
Financial Insights For Office B
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 | $43.0k | $22.20 |
| − Vacancy | −$7.1k | −$3.66 |
| EGI | $35.9k | $18.54 |
| − OpEx | −$9.0k | −$4.63 |
| NOI | $26.9k | $13.90 |
1,938 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$384.9K
$336.8K – $449.1K
NOI $26,944 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$511.3K
$447.4K – $596.5K
NOI $35,791 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,077
Businesses Nearby
Explore this area
Business Placement
Demographics for 76701, TX
1,674
Population
1,029
Households
1.6
Avg Household Size
29
Median Age
32%
College-Educated
92%
High-School Grad
1.1 sq mi
ZIP Area
1,522
Density / Sq Mi
$24,593
Median Household Income
$21,897
Median Earnings
$1,008
Median Rent
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Well-maintained office suite with private offices, reception, and a break room, plus paved parking in front and rear.
Where is this office units located?
The property is located at 2214 Washington Ave Waco, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,938+/- SF of well‑maintained office space in Downtown Waco; Layout includes multiple private offices, a welcoming reception area, and a break room; Paved parking available in both the front and rear of the building
