Downtown Waco Office
For Sale
$300,000
613 Austin Ave, Waco, TX 76701
Move-in ready office condo in downtown Waco on Austin Ave.
Property Size858 SF
Price / SF$349.65
Days on Market416
Property Features for 613 Austin Ave
General Information
Standard status
Active
Size
858 SF
Property subtype
Office
Building Details
Building Size
858 SF
Listing Agency:
Cromwell Commercial Group
Listed By:
Gregg Glime · License #0620081
(254) 313-0000
Source:
Cbcworldwide
Added: Sep 10, 2025
Changed: Oct 25
Last Checked: Oct 30 at 10:34AM
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.
An office condominium located in downtown Waco on Austin Avenue is available for purchase. Constructed in 2011, this first-floor unit offers 858 square feet of space. The layout includes a lobby, three offices of generous size, and a bathroom. The condominium has been updated and is move-in ready.
Key Highlights
- Downtown Waco location on Austin Ave.
- Move‑in ready condition with recent updates.
- First floor unit.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,929
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,580
$238.6K
Cap Rate 7%
$170,414
$170.4K
Cap Rate 9%
$132,544
$132.5K
Market Conditions
NOI Build-Up for 858 SF
Gross rent
$19.0K $22.20/SF
− Vacancy
−$3.1K −$3.66/SF
EGI
$15.9K $18.54/SF
− OpEx
−$4.0K −$4.63/SF
NOI
$11.9K $13.90/SF
Area
Waco, TX
Vacancy
16.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,580
Cap Rate 7%
$170,414
Cap Rate 9%
$132,544
Alternative Uses
Best Use
Office B
$170.4K
$149.1K – $198.8K
NOI $11,929 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$226.4K
$198.1K – $264.1K
NOI $15,846 @ 7.0% cap · market cap 5.28%
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
Location Intelligence
Trade Area within ½ mile
1,906
Businesses Nearby
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Business Placement
Demographics for 76701, TX
1,674
Population
1,029
Households
1.6
Avg Household Size
29
Median Age
32%
College-Educated
92%
High-School Grad
1.1 sq mi
ZIP Area
1,522
Density / Sq Mi
$24,593
Median Household Income
$21,897
Median Earnings
$1,008
Median Rent
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Move-in ready office condo in downtown Waco on Austin Ave.
Where is this office unit located?
The property is located at 613 Austin Ave Waco, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Downtown Waco location on Austin Ave.; Move‑in ready condition with recent updates.; First floor unit.
