Renovated Office
For Sale
Contact for pricing
2313 Washington Ave, Waco, TX 76701
Recently renovated 1,440+/- SF building with a flexible interior layout and large behind-building parking lot.
Property Size1,440 SF
Price / SF$208.33
Days on Market97
Property Features for 2313 Washington Ave
General Information
Standard status
Active
Size
1,440 SF
Property subtype
OFFICE
Listing Agency:
Cromwell Commercial Group
(254) 313-0000
Listed By:
Gregg Glime · License #0620081
(254) 339-2200
Source:
Moodyscre
Added: Jul 10
Changed: Sep 14
Last Checked: Oct 12 at 10:45PM
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.
Cromwell Commercial Group presents this recently renovated 1,440+/- SF commercial building with a versatile interior layout suitable for a variety of business uses. The property was formerly operated as a hair salon.
A large parking lot located behind the building supports convenient access for customers and staff and improves on-site functionality.
The building’s size and renovated condition make it well-suited for an owner-occupant or an investor seeking a manageable commercial property with straightforward customer parking.
A large parking lot located behind the building supports convenient access for customers and staff and improves on-site functionality.
The building’s size and renovated condition make it well-suited for an owner-occupant or an investor seeking a manageable commercial property with straightforward customer parking.
Key Highlights
- Recently renovated 1,440+/- SF commercial building
- Flexible interior layout suitable for a variety of business uses
- Formerly operated as a hair salon
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,020
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,400
$400.4K
Cap Rate 7%
$286,000
$286.0K
Cap Rate 9%
$222,444
$222.4K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$32.0K $22.20/SF
− Vacancy
−$5.3K −$3.66/SF
EGI
$26.7K $18.54/SF
− OpEx
−$6.7K −$4.63/SF
NOI
$20.0K $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%
$400,400
Cap Rate 7%
$286,000
Cap Rate 9%
$222,444
Alternative Uses
Best Use
Office B
$286.0K
$250.3K – $333.7K
NOI $20,020 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,116
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Recently renovated 1,440+/- SF building with a flexible interior layout and large behind-building parking lot.
Where is this office units 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; Flexible interior layout suitable for a variety of business uses; Formerly operated as a hair salon
