Building Details

Building Size 3,996 SF

Year Built 1957

Stories 1

Units 2

Listing Agency: BOURQUIN REALTY

Listed By: David Bourquin · License #0596715 Show Phone

Source: Bourquinrealty

Added: Oct 19 Changed: Oct 22 Last Checked: Oct 22 at 2:34PM

Report an Issue

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 BOURQUIN REALTY

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Built in 1957, this 3,996-square-foot automotive property includes multiple roll-up doors and warehouse area at the rear. The building is currently occupied by a tenant on a month-to-month lease.

The property is located at 3421 Franklin Avenue in Waco, Texas, and carries C-3 zoning.

Key Highlights

• 3,996‑square‑foot automotive property built in 1957
• Multiple roll‑up doors serve the building
• Warehouse area is located at the rear

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$46,565

Cap Rate

7.76%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$931,300 $931.3K

Cap Rate 7%

$665,214 $665.2K

Cap Rate 9%

$517,389 $517.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,996 SF

Gross rent

$74.3K $18.60/SF

− Vacancy

−$7.8K −$1.95/SF

EGI

$66.5K $16.65/SF

− OpEx

−$20.0K −$4.99/SF

NOI

$46.6K $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 Rate 5%

$931,300

Cap Rate 7%

$665,214

Cap Rate 9%

$517,389

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

Industrial

$504.6K

$441.5K – $588.7K (±1% cap)

NOI $35,320 @ 7.0% cap · market cap 5.89%

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 authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Haigood Automotive Auto Repair Shop Newman Emergency HVAC ... Hardware & Home Improvement

Suggested Use

Top Pick Daycare Center (Bike/Boat/Book/etc) Store Acupuncture Catering Service Pet Grooming Service Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

776

Businesses Nearby

11k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 78% Electronics 10% Home Improvements & Furnishings 6% Hotels & Casinos 6%

Dollar General Shops & Services

7,365 visits/mo 0.1 miles

Metro by T-Mobile Electronics

1,111 visits/mo 0.4 miles

Napa Auto Parts Shops & Services

1,065 visits/mo 0.2 miles

Rent A Center Home Improvements & Furnishings

671 visits/mo 0.1 miles

Knights Inn Hotels & Casinos

652 visits/mo 0.3 miles

Demographics for 76710, TX

24,874

Population

12,391

Households

2

Avg Household Size

38

Median Age

32%

College-Educated

92%

High-School Grad

9.3 sq mi

ZIP Area

2,675

Density / Sq Mi

$53,304

Median Household Income

$36,425

Median Earnings

$1,098

Median Rent

$229,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Similar For Sale Nearby

See more

Auto Shop with Residence

1103 N Lacy Drive, Waco, TX 76705

$539,000

2,260 SF

View details

Standalone Medical Office Building

3400 Hillcrest Drive, Waco, TX 76708

$685,000

3,852 SF

View details

Car Wash Property with Drive-Around Access

10215 China Spring Road, Waco, TX 76708

$634,000

0.55 Acres

View details

Four-Bedroom Duplex

1916 S 15th Street, Waco, TX 76706

$575,000

3,506 SF

View details

Silos Adjacent Development Opportunity

401 S 8th St, Waco, TX 76706

$695,000

3,500 SF

View details

Professional Office with Upstairs Bonus Space

3640 W Waco Drive, Waco, TX 76710

$900,000

4,208 SF

View details

Updated Triplex with 9 Bedrooms

1708 S 9th Street, Waco, TX 76706

$799,900

4,399 SF

View details

Two-Home Short-Term Rental Property

602-606 S 8th Street, Waco, TX 76706

$1,349,000

4,264 SF

View details

Flex Space with Grade-Level Doors

1003 New Dallas Hwy, Waco, TX 76705

$450,000

5,025 SF

View details

Updated Eight-Bedroom Duplex

1903 S 11th St, Waco, TX 76706

$1,250,000

3,518 SF

View details

Duplex with Fenced Backyard

1309 Wood Ave, Waco, TX 76706

$749,800

2,800 SF

View details

Three-Unit Multifamily Property

700 Hines Ave, Waco, TX 76706

$525,000

2,612 SF

View details

Similar Off Market Nearby

• Midas — 4428 W Waco Dr, Waco, TX 76710
• Waco, Texas — 4301 franklin ave, waco, tx 76710
• Rudy's One Stop Tires — 903 S Valley Mills Dr, Waco, TX 76711
• Take 5 Oil Change — 1103 S Valley Mills Dr, Waco, TX 76711
• Metroplex Towing — 3401 Memorial Dr, Waco, TX 76711

Frequently Asked Questions

What type of property is this?

Auto shop - The 3,996-square-foot property is zoned C-3 and occupied under a month-to-month lease.

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: 3,996‑square‑foot automotive property built in 1957; Multiple roll‑up doors serve the building; Warehouse area is located at the rear