Flex Space with Office Buildout

430 Towne Oaks Dr Waco, TX 76710

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Flex space with multiple offices, meeting room, kitchenette, and flexible open area for storage or additional workspace.

Type:Office, Industrial
Property size:
3,200 SF
Price / SF:
$117/SF
Added:
Jun 19, 2026
Days on Market:
24
Last Refresh:
Jun 24 at 4:36 am

Property Features for 430 Towne Oaks Dr

General Information

Standard status
Active
Size
3,200 SF
Property subtype
Office, Industrial

Listing office Kelly Commercial

Listing date Jun 19, 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.

This flex space includes five offices plus multiple additional office or work areas, along with a waiting room, two bathrooms, a meeting room, and a kitchenette. A flexible open area offers the option to create additional offices or use the space for storage, depending on how the tenant needs the layout.

The property is centrally located with access to major thoroughfares, supporting convenient day-to-day operations and easier customer or visitor traffic.

For tenants or buyers seeking a versatile setup, the combination of private office rooms, common areas, and adaptable open space can fit a range of service, administrative, or light operational uses. The included bathrooms and meeting space support client-facing activities, while the open area gives room to adjust the workspace as needs change.

Key Highlights

  • 5 offices plus multiple additional office/work areas
  • Flexible open area that could be used for additional offices or storage
  • Includes a waiting room, meeting room, and kitchenette

Local Financial Insights For Flex RnD

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 $55.7k $17.40
− Vacancy −$6.1k −$1.91
EGI $49.6k $15.49
− OpEx −$17.3k −$5.42
NOI $32.2k $10.07
3,200 SF · lease $17.40/SF/yr · vacancy 11.00% · expense 35.00%

Alternative Uses

Best Use
Office B
$635.6K
$556.1K – $741.5K (±1% cap)
NOI $44,489 @ 7.0% cap · market cap 11.86%
Second Best
Flex RnD
$460.2K
$402.6K – $536.9K (±1% cap)
NOI $32,211 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$844.3K
$738.7K – $985.0K (±1% cap)
NOI $59,098 @ 7.0% cap · market cap 15.76%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Parking Lot & Garage Catering Service Daycare Center (Bike/Boat/Book/etc) Store Travel Agency (Bike/Boat/Book/etc) Store Acupuncture (Bike/Boat/Book/etc) Store Pet Grooming Service Fish Market

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Firehouse Subs Waco — 4215 Franklin Ave, Waco, TX 76710

FAQs

What type of property is this?
Flex space - Flex space with multiple offices, meeting room, kitchenette, and flexible open area for storage or additional workspace.
Where is this flex space located?
The property is located at 430 Towne Oaks Dr Waco, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 5 offices plus multiple additional office/work areas; Flexible open area that could be used for additional offices or storage; Includes a waiting room, meeting room, and kitchenette
Contact an agent
(254) 741-1500 Call to check price and availability
More about this property
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