Office/Retail Building on Corner
For Sale
$320,000
2419 Herring Avenue B, Waco, TX 76708
Built in 2009, the property offers two separate suites with ample on-site parking and flexible interior layout.
Property Size1,820 SF
Days on Market95
Property Features for 2419 Herring Avenue B
General Information
Standard status
Active
Size
1,820 SF
Property subtype
Office
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$4,142
Building Details
Building Size
1,820 SF
Year Built
2009
Listing Agency:
AG Real Estate & Associates
Listed By:
Ashton Gustafson · License #540858
(940) 224-0881
Source:
Whitelabelrealty
Added: Jul 20
Changed: Oct 12
Last Checked: Oct 21 at 4:51AM
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 AG Real Estate & Associates
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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.
Located in the heart of Waco, 2419 Herring Avenue presents a versatile commercial building constructed in 2009 and configured as two separate suites. One suite was previously used as a check-cashing business, while the other includes a spacious reception and lobby area, three private offices, and a restroom. The existing layout supports a range of professional and retail-oriented uses.
The property sits on a prominent corner lot with ample on-site parking, and it is described as having excellent visibility and convenient access.
For buyers seeking a functional floor plan with potential for two tenants, this building provides a practical setup for an owner-occupant or a combination of workplace and customer-facing operations, depending on the end use.
The property sits on a prominent corner lot with ample on-site parking, and it is described as having excellent visibility and convenient access.
For buyers seeking a functional floor plan with potential for two tenants, this building provides a practical setup for an owner-occupant or a combination of workplace and customer-facing operations, depending on the end use.
Key Highlights
- Built in 2009, 2419 Herring Avenue is configured as two separate suites for flexible commercial use.
- Corner lot with ample on‑site parking for customer and tenant access.
- Suite details: spacious reception and lobby, three private offices, and a restroom.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,303
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,060
$506.1K
Cap Rate 7%
$361,471
$361.5K
Cap Rate 9%
$281,144
$281.1K
Market Conditions
NOI Build-Up for 1,820 SF
Gross rent
$40.4K $22.20/SF
− Vacancy
−$6.7K −$3.66/SF
EGI
$33.7K $18.54/SF
− OpEx
−$8.4K −$4.63/SF
NOI
$25.3K $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%
$506,060
Cap Rate 7%
$361,471
Cap Rate 9%
$281,144
Alternative Uses
Best Use
Office B
$361.5K
$316.3K – $421.7K
NOI $25,303 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$480.2K
$420.2K – $560.2K
NOI $33,612 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Explore this area
Business Placement
Demographics for 76708, TX
28,499
Population
11,241
Households
2.5
Avg Household Size
35
Median Age
25%
College-Educated
85%
High-School Grad
48.1 sq mi
ZIP Area
592
Density / Sq Mi
$66,764
Median Household Income
$39,409
Median Earnings
$1,087
Median Rent
$204,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Built in 2009, the property offers two separate suites with ample on-site parking and flexible interior layout.
Where is this office unit located?
The property is located at 2419 Herring Avenue B Waco, TX.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Built in 2009, 2419 Herring Avenue is configured as two separate suites for flexible commercial use.; Corner lot with ample on‑site parking for customer and tenant access.; Suite details: spacious reception and lobby, three private offices, and a restroom.
