Small Office with Yard
For Sale
Contact for pricing
2629 Franklin Ave, Waco, TX 76710
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 Market439
Property Features for 2629 Franklin Ave
General Information
Standard status
Active
Size
1,180 SF
Property subtype
OFFICE
Amenities
yard space
Listing Agency:
Cromwell Commercial Group
(254) 313-0000
Listed By:
Jordan Beard
(903) 721-5783
Source:
Moodyscre
Added: Aug 18, 2025
Changed: Oct 25
Last Checked: Oct 30 at 1:49PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$16,405
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,100
$328.1K
Cap Rate 7%
$234,357
$234.4K
Cap Rate 9%
$182,278
$182.3K
Market Conditions
NOI Build-Up for 1,180 SF
Gross rent
$26.2K $22.20/SF
− Vacancy
−$4.3K −$3.66/SF
EGI
$21.9K $18.54/SF
− OpEx
−$5.5K −$4.63/SF
NOI
$16.4K $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%
$328,100
Cap Rate 7%
$234,357
Cap Rate 9%
$182,278
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
787
Businesses Nearby
Explore this area
Business Placement
Demographics for 76710, TX
24,874
Population
12,391
Households
2
Avg Household Size
38
Median Age
32%
College-Educated
92%
High-School Grad
9.3 sq mi
ZIP Area
2,675
Density / Sq Mi
$53,304
Median Household Income
$36,425
Median Earnings
$1,098
Median Rent
$229,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Small office space with additional yard area, positioned with generous zoning for multiple potential uses.
Where is this office unit 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
