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Automotive Warehouse with Roll-Up Doors

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

AddedJun 4

Days on Market43

Last RefreshJul 15 at 3:47 pm

Property Features for 3421 Franklin Avenue

General Information

Standard status: Active
Size: 3,996 SF
Property subtype: Commercial

Building Details

Year Built: 1957

Listing office Harrell Realty Company

Listing date Jun 4, 2026

Source Signaturere

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.

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

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 (±1% cap)

NOI $46,565 @ 7.0% cap · market cap 7.76%

Second Best

Warehouse

$565.5K

$494.8K – $659.8K (±1% cap)

NOI $39,587 @ 7.0% cap · market cap 6.60%

Theoretical Best

Office A

$1.05M

$922.5K – $1.23M (±1% cap)

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

Suggested Use

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