300 Lake Air Dr Waco, TX 76710
Highly visible Waco property suitable for retail or office use.
Property Features for 300 Lake Air Dr
General Information
- Standard status
- Active
- Size
- 5,100 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1970
Listing office Kelly Commercial
Listing date May 20, 2026
Source Crexi
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.
Key Highlights
- Highly visible location on Lake Air Dr near major retailers.
- Unique layout suitable for diverse uses such as nonprofit, training, retail, or office/showroom.
- Excellent exposure and accessibility.
Local Financial Insights For Retail
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 | $94.9k | $18.60 |
| − Vacancy | −$10.0k | −$1.95 |
| EGI | $84.9k | $16.65 |
| − OpEx | −$25.5k | −$4.99 |
| NOI | $59.4k | $11.65 |
