Flex Space with
New
For Sale
$1,500,000
4601 W Waco Dr Unit 4605, Waco, TX 76710
Conditioned office and display areas are paired with warehouse space and a roll-up door.
Property Size9,760 SF
Price / SF$153.69
Days on Market2
Property Features for 4601 W Waco Dr Unit 4605
General Information
Standard status
Active
Size
9,760 SF
Site & Location
Traffic Count
35,238 vehicles/day
Road Access
Yes
Amenities
washer dryer connections
Building Details
Year Built
1981
Listing Agency:
Kelly, Realtors
Listed By:
Nathan Embry · License #668380
(254) 741-1500
Source:
Minteerteam
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 6 at 2:49AM
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, Realtors
Investment Insights
Based on property information with market context.
This 9,760-square-foot flex property combines a conditioned showroom and office area with warehouse space. The warehouse has a 10-foot roll-up door, 12-foot side walls, and washer and dryer connections. Built in 1981, the property is located at 4601 W Waco Dr Unit 4605 in Waco.
W. Waco Drive carries approximately 35,238 vehicles per day, providing a direct connection to a heavily traveled corridor.
W. Waco Drive carries approximately 35,238 vehicles per day, providing a direct connection to a heavily traveled corridor.
Key Highlights
- 9,760 square feet of flex space
- Conditioned showroom and office area
- Warehouse has a 10 foot roll up door and 12 foot side walls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,732
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,274,640
$2.3M
Cap Rate 7%
$1,624,743
$1.6M
Cap Rate 9%
$1,263,689
$1.3M
Market Conditions
NOI Build-Up for 9,760 SF
Gross rent
$181.5K $18.60/SF
− Vacancy
−$19.1K −$1.95/SF
EGI
$162.5K $16.65/SF
− OpEx
−$48.7K −$4.99/SF
NOI
$113.7K $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%
$2,274,640
Cap Rate 7%
$1,624,743
Cap Rate 9%
$1,263,689
Alternative Uses
Best Use
Retail
$1.62M
$1.42M – $1.90M
NOI $113,732 @ 7.0% cap · market cap 7.58%
Second Best
Flex RnD
$1.40M
$1.23M – $1.64M
NOI $98,243 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $180,248 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
35,238 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,274
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Firehouse Subs Waco — 4215 Franklin Ave, Waco, TX 76710
Frequently Asked Questions
What type of property is this?
Flex space - Conditioned office and display areas are paired with warehouse space and a roll-up door.
Where is this flex space located?
The property is located at 4601 W Waco Dr Unit 4605 Waco, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 9,760 square feet of flex space; Conditioned showroom and office area; Warehouse has a 10 foot roll up door and 12 foot side walls
