Small Office with Yard
2629 Franklin Ave Waco, TX 76710
For Sale
Contact for pricing
Small office space with additional yard area, positioned with generous zoning for multiple potential uses.
Property Size1,180 SF
Price / SF$368.64
Days on Market340
Property Features for 2629 Franklin Ave
General Information
- Standard status
- Active
- Size
- 1,180 SF
- Property subtype
- OFFICE
Listing Agency:
Cromwell Commercial Group
(903) 721-5783
Listed By:
Jordan Beard
(903) 721-5783
Source:
Moodyscre
Added: Aug 18, 2025
Changed: Jul 22
Last Checked: Jul 22 at 1:57AM
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.
2629 Franklin Avenue offers a small office configuration alongside yard space, providing flexibility for a range of business needs. The property is described as having generous zoning that allows for multiple uses.
The site is noted as a direct pathway to Waco’s downtown market, with proximity to downtown Waco and Valley Mills Drive. This combination supports convenient access and visibility for an owner-user.
The property is offered for sale and is sized at 1,180 square feet.
The site is noted as a direct pathway to Waco’s downtown market, with proximity to downtown Waco and Valley Mills Drive. This combination supports convenient access and visibility for an owner-user.
The property is offered for sale and is sized at 1,180 square feet.
Key Highlights
- Small office space with additional yard area
- Generous zoning allows for multiple uses
- Close proximity to downtown Waco and Valley Mills Drive
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 | $26.2k | $22.20 |
| − Vacancy | −$4.3k | −$3.66 |
| EGI | $21.9k | $18.54 |
| − OpEx | −$5.5k | −$4.63 |
| NOI | $16.4k | $13.90 |
1,180 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$234.4K
$205.1K – $273.4K
NOI $16,405 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$311.3K
$272.4K – $363.2K
NOI $21,792 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Alliance Electrical Group, ...
Electrical Service
FAQs
What type of property is this?
Office units - Small office space with additional yard area, positioned with generous zoning for multiple potential uses.
Where is this office units located?
The property is located at 2629 Franklin Ave Waco, TX.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Small office space with additional yard area; Generous zoning allows for multiple uses; Close proximity to downtown Waco and Valley Mills Drive
