Retail Space for
For Sale
Contact for pricing
2805 W Loop 340, Waco, TX 76712
For-sale retail building offering substantial indoor space for a new tenant or owner-operator.
Property Size8,000 SF
Price / SF$387.50
Days on Market58
Property Features for 2805 W Loop 340
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Retail
Investment Type
Owner/User
Building Details
Year Built
2012
Stories
1
Tenancy
Single
Listing Agency:
First Millennium Realty
(281) 465-9466
Listed By:
BLUEBONNET CASA REALTY GROUP · License #775355
Source:
Crexi
Added: Jun 11
Changed: Aug 7
Last Checked: Aug 7 at 4:06AM
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 First Millennium Realty
Investment Insights
Based on property information with market context.
This offering is a retail property presented for sale as a single asset totaling 8,000 square feet of commercial space. The property is categorized as retail, making it suitable for businesses seeking an established commercial building format rather than a smaller footprint.
Located at 2805 W Loop 340 in Waco, Texas 76712, the property is positioned along a major loop roadway. Prospective buyers and tenants can evaluate the building as an option for retail use in the Waco market, with access and site review recommended based on the specific operating requirements of the intended concept.
As a retail space for sale, the building may appeal to operators looking to secure dedicated commercial real estate for their business, or to investors evaluating a retail asset within the 8,000-square-foot range. Any final determination on tenant fit, layout suitability, and use specifics should be confirmed through property tours and due diligence, including review of the building’s interior configuration and any applicable requirements for retail occupancy.
Located at 2805 W Loop 340 in Waco, Texas 76712, the property is positioned along a major loop roadway. Prospective buyers and tenants can evaluate the building as an option for retail use in the Waco market, with access and site review recommended based on the specific operating requirements of the intended concept.
As a retail space for sale, the building may appeal to operators looking to secure dedicated commercial real estate for their business, or to investors evaluating a retail asset within the 8,000-square-foot range. Any final determination on tenant fit, layout suitability, and use specifics should be confirmed through property tours and due diligence, including review of the building’s interior configuration and any applicable requirements for retail occupancy.
Key Highlights
- Retail building built in 2012
- Approximately 8,000 SqFt of indoor retail space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$93,223
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,864,460
$1.9M
Cap Rate 7%
$1,331,757
$1.3M
Cap Rate 9%
$1,035,811
$1.0M
Market Conditions
NOI Build-Up for 8,000 SF
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.
Gross rent
$148.8K $18.60/SF
− Vacancy
−$15.6K −$1.95/SF
EGI
$133.2K $16.65/SF
− OpEx
−$40.0K −$4.99/SF
NOI
$93.2K $11.65/SF
Area
Waco, TX
Vacancy
10.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,864,460
Cap Rate 7%
$1,331,757
Cap Rate 9%
$1,035,811
Alternative Uses
Best Use
Retail
$1.33M
$1.17M – $1.55M
NOI $93,223 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,744 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
792
Businesses Nearby
176k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 85%
Hotels & Casinos 7%
Beauty & Spa 5%
Electronics 3%
Chuy's
Dining
36,460 visits/mo
0.2 miles
Panera Bread
Dining
20,154 visits/mo
0.2 miles
Starbucks
Dining
19,800 visits/mo
0.4 miles
Saltgrass Steak House
Dining
16,706 visits/mo
0.2 miles
Logan's Roadhouse
Dining
13,233 visits/mo
0.2 miles
Demographics for 76712, TX
27,800
Population
11,704
Households
2.4
Avg Household Size
41
Median Age
49%
College-Educated
96%
High-School Grad
52.4 sq mi
ZIP Area
531
Density / Sq Mi
$96,267
Median Household Income
$56,879
Median Earnings
$1,333
Median Rent
$302,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - For-sale retail building offering substantial indoor space for a new tenant or owner-operator.
Where is this retail space located?
The property is located at 2805 W Loop 340 Waco, TX.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Retail building built in 2012; Approximately 8,000 SqFt of indoor retail space
