Move-In-Ready Commercial
2313 Washington Ave Waco, TX 76701
For Sale
Contact for pricing
Recently renovated 1,440+/- SF building with an open layout and a large private parking lot behind the structure.
Property Size1,440 SF
Price / SF$208.33
Days on Market16
Property Features for 2313 Washington Ave
General Information
- Standard status
- Active
- Size
- 1,440 SF
- Property subtype
- Office
Listing Agency:
Coldwell Banker Commercial Apex, Realtors
Listed By:
Gregg Glime, SIOR, CCIM · License #620081
Source:
Crexi
Added: Jul 9
Changed: Jul 22
Last Checked: Jul 23 at 3:39PM
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
Investment Insights
Based on property information with market context.
This move-in-ready commercial building totals approximately 1,440+/- SF and has recently been renovated. The interior is configured with a versatile open layout suited to a range of business uses, and the property is being offered in turnkey condition.
The building is located near Downtown Waco at 2313 Washington Ave. A large private parking lot is situated behind the building, providing convenient parking for both customers and staff.
Previously used as a hair salon, the space supports professional office or service-oriented operations alongside retail and other personal service concepts, depending on a buyer’s needs.
The building is located near Downtown Waco at 2313 Washington Ave. A large private parking lot is situated behind the building, providing convenient parking for both customers and staff.
Previously used as a hair salon, the space supports professional office or service-oriented operations alongside retail and other personal service concepts, depending on a buyer’s needs.
Key Highlights
- Recently renovated 1,440+/- SF commercial building near Downtown Waco
- Open layout designed for a variety of business uses, including retail, personal services, office, or professional space
- Large private parking lot behind the building for customer and staff access
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 | $32.0k | $22.20 |
| − Vacancy | −$5.3k | −$3.66 |
| EGI | $26.7k | $18.54 |
| − OpEx | −$6.7k | −$4.63 |
| NOI | $20.0k | $13.90 |
1,440 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$286.0K
$250.3K – $333.7K
NOI $20,020 @ 7.0% cap · market cap 6.67%
Second Best
Retail
$239.7K
$209.8K – $279.7K
NOI $16,780 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$379.9K
$332.4K – $443.2K
NOI $26,594 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Recently renovated 1,440+/- SF building with an open layout and a large private parking lot behind the structure.
Where is this office building located?
The property is located at 2313 Washington Ave Waco, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Recently renovated 1,440+/- SF commercial building near Downtown Waco; Open layout designed for a variety of business uses, including retail, personal services, office, or professional space; Large private parking lot behind the building for customer and staff access
