Downtown Office Space with
For Sale
$350,000
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 Market97
Property Features for 2214 Washington Ave
General Information
Standard status
Active
Size
1,938 SF
Property subtype
Office - General Office
Building Details
Building Size
1,938 SF
Listing Agency:
Coldwell Banker Commercial Apex, Realtors
Listed By:
Raynor Campbell
(254) 644-1838
Source:
Commercialcafe
Added: Jul 26
Changed: Oct 26
Last Checked: Oct 28 at 4:40AM
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 Coldwell Banker Commercial Apex, Realtors
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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
Estimated NOI and Cap Rate
NOI / Yr
$26,944
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,880
$538.9K
Cap Rate 7%
$384,914
$384.9K
Cap Rate 9%
$299,378
$299.4K
Market Conditions
NOI Build-Up for 1,938 SF
Gross rent
$43.0K $22.20/SF
− Vacancy
−$7.1K −$3.66/SF
EGI
$35.9K $18.54/SF
− OpEx
−$9.0K −$4.63/SF
NOI
$26.9K $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%
$538,880
Cap Rate 7%
$384,914
Cap Rate 9%
$299,378
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,116
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Well-maintained office suite with private offices, reception, and a break room, plus paved parking in front and rear.
Where is this office unit 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
