Commercial Redevelopment Pad
New
For Sale
$2,500,000
4400 W Waco Dr, Waco, TX 76710
The parcel sits along an established commercial corridor and is being offered for ground-up redevelopment.
Property Size14,163 SF
Days on Market4
Property Features for 4400 W Waco Dr
General Information
Standard status
Active
Size
14,163 SF
Property subtype
Office
Building Details
Building Size
14,163 SF
Listing Agency:
Cromwell Commercial Group
(254) 313-0000
Listed By:
Will Phipps · License #0744913
(254) 313-0000
Source:
Cbcworldwide
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 4 at 2:50AM
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 Cromwell Commercial Group
Investment Insights
Based on property information with market context.
This 1.89-acre commercial land parcel is positioned for redevelopment along Waco’s established commercial corridor. The site previously contained Connally/Compton Funeral Directors, and the existing structure is expected to be demolished rather than retained as part of a new project.
The property is being marketed for a ground-up pad development, with convenience store, quick-service restaurant, and similar commercial uses identified in the available information. Its configuration as a redevelopment site allows the future project to be planned around the intended use rather than the existing building.
The property is being marketed for a ground-up pad development, with convenience store, quick-service restaurant, and similar commercial uses identified in the available information. Its configuration as a redevelopment site allows the future project to be planned around the intended use rather than the existing building.
Key Highlights
- 1.89‑acre commercial redevelopment parcel
- Located on an established Waco commercial corridor
- Existing building is expected to be demolished
Financial Insights For Office B
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 | $314.4k | $22.20 |
| − Vacancy | −$51.9k | −$3.66 |
| EGI | $262.5k | $18.54 |
| − OpEx | −$65.6k | −$4.63 |
| NOI | $196.9k | $13.90 |
14,163 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.81M
$2.46M – $3.28M
NOI $196,905 @ 7.0% cap · market cap 7.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.74M
$3.27M – $4.36M
NOI $261,562 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
985
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - The parcel sits along an established commercial corridor and is being offered for ground-up redevelopment.
Where is this commercial land located?
The property is located at 4400 W Waco Dr Waco, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 1.89‑acre commercial redevelopment parcel; Located on an established Waco commercial corridor; Existing building is expected to be demolished
