Corner Industrial
For Sale
Contact for pricing
2925 Gholson Rd, Waco, TX 76704
M-3-zoned industrial land with IH-35 access and a documented prior cold-storage use.
Property Size15,895 SF
Price / SF$185.59
Days on Market184
Property Features for 2925 Gholson Rd
General Information
Standard status
Active
Size
15,895 SF
Property subtype
Industrial, Land
Zoning
M-3
Listing Agency:
Kelly Commercial
Listed By:
Mike Meadows · License #TX 314300
(254) 717-7234
Source:
Crexi
Added: Apr 15
Changed: Oct 6
Last Checked: Oct 12 at 5:29PM
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 Kelly Commercial
Investment Insights
Based on property information with market context.
This M-3-zoned industrial land occupies a corner location at 2925 Gholson Rd in Waco. The site previously supported cold-storage operations, providing relevant context for redevelopment planning.
The property is positioned along Lake Shore Dr near Gholson Rd and offers access to IH-35. A 2024 traffic count of 27,128 provides a measurable indicator of roadway activity at the location.
The property is positioned along Lake Shore Dr near Gholson Rd and offers access to IH-35. A 2024 traffic count of 27,128 provides a measurable indicator of roadway activity at the location.
Key Highlights
- M‑3 zoning
- Corner location at 2925 Gholson Rd and Lake Shore Dr
- 2024 traffic count of 27,128
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$157,468
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,149,360
$3.1M
Cap Rate 7%
$2,249,543
$2.2M
Cap Rate 9%
$1,749,644
$1.7M
Market Conditions
NOI Build-Up for 15,895 SF
Gross rent
$200.3K $12.60/SF
− Vacancy
−$15.0K −$0.95/SF
EGI
$185.3K $11.66/SF
− OpEx
−$27.8K −$1.75/SF
NOI
$157.5K $9.91/SF
Area
Waco, TX
Vacancy
7.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,149,360
Cap Rate 7%
$2,249,543
Cap Rate 9%
$1,749,644
Alternative Uses
Best Use
Warehouse
$2.25M
$1.97M – $2.62M
NOI $157,468 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.19M
$3.67M – $4.89M
NOI $293,549 @ 7.0% cap · market cap 9.95%
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
166
Businesses Nearby
Explore this area
Business Placement
Demographics for 76704, TX
7,220
Population
3,703
Households
1.9
Avg Household Size
35
Median Age
8%
College-Educated
78%
High-School Grad
5.4 sq mi
ZIP Area
1,337
Density / Sq Mi
$24,208
Median Household Income
$24,363
Median Earnings
$788
Median Rent
$112,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Industrial land - M-3-zoned industrial land with IH-35 access and a documented prior cold-storage use.
Where is this industrial land located?
The property is located at 2925 Gholson Rd Waco, TX.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: M‑3 zoning; Corner location at 2925 Gholson Rd and Lake Shore Dr; 2024 traffic count of 27,128
