Automotive Warehouse with Roll-Up
3421 Franklin Avenue Waco, TX 76710
3421 Franklin Avenue, Waco, TX, 76710
$600,000
For Sale
$600,000
Functional automotive building with multiple roll-up doors and additional rear warehouse space, available with a month-to-month tenant.
Property Size3,996 SF
Price / SF$150.15
Days on Market48
Property Features for 3421 Franklin Avenue
General Information
- Standard status
- Active
- Size
- 3,996 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1957
Listing Agency
Harrell Realty Company
(254) 722-5933
Listed by
Fisher Cannon · License #0765372
(254) 722-5933
Source
Signaturere
Added: Jun 4 Updated: Jul 10 at 1:48 pm Checked: Jul 20 at 4:50 am
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 Harrell Realty Company
Investment Insights
Based on property information with market context.
This fully functioning automotive building is configured for practical shop and storage use, featuring multiple roll-up doors and additional warehouse space located in the back. The existing improvements are set up to support day-to-day operations where loading access and secure storage matter.
The property is located on Franklin Avenue in Waco, TX, with the main automotive frontage and continued warehouse space extending behind the primary building footprint. A current tenant remains in place on a month-to-month lease, and the listing notes that tenant history and property financials can be provided by the listing agent.
For buyers seeking an automotive-focused facility, the combination of multiple roll-up doors and rear warehouse area supports both service bay activity and additional storage needs. The month-to-month tenancy provides flexibility for an owner-operator or investor considering timing for future occupancy plans, subject to tenant arrangements and details available through the listing agent.
The property is located on Franklin Avenue in Waco, TX, with the main automotive frontage and continued warehouse space extending behind the primary building footprint. A current tenant remains in place on a month-to-month lease, and the listing notes that tenant history and property financials can be provided by the listing agent.
For buyers seeking an automotive-focused facility, the combination of multiple roll-up doors and rear warehouse area supports both service bay activity and additional storage needs. The month-to-month tenancy provides flexibility for an owner-operator or investor considering timing for future occupancy plans, subject to tenant arrangements and details available through the listing agent.
Key Highlights
- Automotive building built in 1957
- Multiple roll‑up doors for vehicle access
- Additional warehouse space in the rear
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 | $74.3k | $18.60 |
| − Vacancy | −$7.8k | −$1.95 |
| EGI | $66.5k | $16.65 |
| − OpEx | −$20.0k | −$4.99 |
| NOI | $46.6k | $11.65 |
3,996 SF · lease $18.60/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$665.2K
$582.1K – $776.1K
NOI $46,565 @ 7.0% cap · market cap 7.76%
Second Best
Warehouse
$565.5K
$494.8K – $659.8K
NOI $39,587 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$1.05M
$922.5K – $1.23M
NOI $73,798 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Haigood Automotive
Auto Repair Shop
Newman Emergency HVAC ...
Hardware & Home Improvement
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- Midas — 4428 W Waco Dr, Waco, TX 76710
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- Take 5 Oil Change — 1103 S Valley Mills Dr, Waco, TX 76711
FAQs
What type of property is this?
Auto shop - Functional automotive building with multiple roll-up doors and additional rear warehouse space, available with a month-to-month tenant.
Where is this auto shop located?
The property is located at 3421 Franklin Avenue Waco, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Automotive building built in 1957; Multiple roll‑up doors for vehicle access; Additional warehouse space in the rear
