Flex Building with Grade-Level
New
For Sale
$1,100,000
5100 Fort Ave, Waco, TX 76710
A flexible office and warehouse layout includes multiple workrooms, storage areas, and private offices.
Property Size8,230 SF
Price / SF$133.66
Days on Market7
Property Features for 5100 Fort Ave
General Information
Standard status
Active
Size
8,230 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Drive-In Doors
2
Building Details
Building Size
8,230 SF
Listing Agency:
Cromwell Commercial Group
Listed By:
Brad Davis · License #234986
(254) 313-0000
Source:
Cbcworldwide
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 28 at 4:40AM
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
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Investment Insights
Based on property information with market context.
This 8,230+/- SF flex building combines office space with warehouse and work areas. The interior includes five offices, three restrooms, two grade-level doors, and multiple workrooms and storage areas, offering a mix of administrative and functional space.
The property is at 5100 Fort Ave in Waco, one block from Waco Dr/Hwy 84 and 0.7 miles from Hwy 6/Loop 340. Discount Tire and Home Depot are neighboring businesses.
The property is at 5100 Fort Ave in Waco, one block from Waco Dr/Hwy 84 and 0.7 miles from Hwy 6/Loop 340. Discount Tire and Home Depot are neighboring businesses.
Key Highlights
- 8,230+/- SF industrial building
- Five offices and three restrooms
- Two grade‑level doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,842
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,656,840
$1.7M
Cap Rate 7%
$1,183,457
$1.2M
Cap Rate 9%
$920,467
$920.5K
Market Conditions
NOI Build-Up for 8,230 SF
Gross rent
$143.2K $17.40/SF
− Vacancy
−$15.8K −$1.91/SF
EGI
$127.4K $15.49/SF
− OpEx
−$44.6K −$5.42/SF
NOI
$82.8K $10.07/SF
Area
Waco, TX
Vacancy
11.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,656,840
Cap Rate 7%
$1,183,457
Cap Rate 9%
$920,467
Alternative Uses
Best Use
Flex RnD
$1.18M
$1.04M – $1.38M
NOI $82,842 @ 7.0% cap · market cap 7.53%
Second Best
Warehouse
$1.16M
$1.02M – $1.36M
NOI $81,533 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,992 @ 7.0% cap · market cap 13.82%
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
Lease Details
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,515
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A flexible office and warehouse layout includes multiple workrooms, storage areas, and private offices.
Where is this flex space located?
The property is located at 5100 Fort Ave Waco, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 8,230+/- SF industrial building; Five offices and three restrooms; Two grade‑level doors
