Corner Retail
4909 W Waco Dr Waco, TX 76710
4909 W Waco Dr, Waco, TX, 76710
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For Sale
Contact for pricing
Attractive corner retail building with two access points and strong daily traffic count.
Property Size20,010 SF
Price / SF$174.91
Days on Market38
Property Features for 4909 W Waco Dr
General Information
- Standard status
- Active
- Size
- 20,010 SF
- Property subtype
- RETAIL
Listing agency
Cromwell Commercial Group
(254) 644-1838
Listed by
Raynor Campbell
(254) 644-1838
Source
Moodyscre
Added: Jun 15 Updated: Jul 21 at 4:59PM Checked: Jul 21 at 4:59PM
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 attractive retail storefront property is offered for sale with a long-term tenant in place and 4 years remaining on the existing lease. The building is positioned at a busy corner and includes two points of access, supporting convenient customer flow.
The property’s location is described as an established retail corridor with nearby schools, churches, restaurants, banks, and professional offices. Public remarks also note approximately 34K vehicles per day passing the site.
Overall, the asset presents a retail storefront configuration designed for visibility in an active neighborhood retail setting, with current occupancy covered by the remaining lease term.
The property’s location is described as an established retail corridor with nearby schools, churches, restaurants, banks, and professional offices. Public remarks also note approximately 34K vehicles per day passing the site.
Overall, the asset presents a retail storefront configuration designed for visibility in an active neighborhood retail setting, with current occupancy covered by the remaining lease term.
Key Highlights
- Long‑term tenant in place with 4 years remaining on the lease
- Corner retail building with 2 points of access
- Visible on a busy corner with 34K vehicles per day
Local Financial Insights For Retail
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 | $372.2k | $18.60 |
| − Vacancy | −$39.1k | −$1.95 |
| EGI | $333.1k | $16.65 |
| − OpEx | −$99.9k | −$4.99 |
| NOI | $233.2k | $11.65 |
20,010 SF · lease $18.60/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.33M
$2.91M – $3.89M
NOI $233,175 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.28M
$4.62M – $6.16M
NOI $369,545 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Barnes & Noble
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Paul Farney — 501 Lake Air Dr, Waco, TX 76710
FAQs
What type of property is this?
Storefront property - Attractive corner retail building with two access points and strong daily traffic count.
Where is this storefront property located?
The property is located at 4909 W Waco Dr Waco, TX.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Long‑term tenant in place with 4 years remaining on the lease; Corner retail building with 2 points of access; Visible on a busy corner with 34K vehicles per day
