Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space with Drive-Thru Title is generated by Realmo AI

    6500 Woodway Dr, Woodway, TX 76712

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Second-generation retail space with dual-lane drive-thru and dedicated parking.

    Type:RETAIL
    Property size:
    2,346 SF
    Added:
    Apr 28, 2026
    Days on Market:
    30
    Last Refresh:
    May 8 at 3:48 am

    Property Features for 6500 Woodway Dr

    General Information

    Standard status
    Active
    Size
    2,346 SF
    Property subtype
    RETAIL

    Spaces For Lease

    at 6500 Woodway Dr Contact us

    We can help!

    Listing Contact
    Caleb Loudamy
    Caleb Loudamy

    Listing agent Caleb Loudamy License #713215

    Listing office Cromwell Commercial Group

    Listing date Apr 28, 2026

    Source Moodyscre

    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

    HighLights

    • Dual lane drive‑thru and dedicated pylon sign
    • High daytime population & area employers (office towers, hospitals, schools & 4,300 cre industrial park)
    • Highway 6 has 36k + AADT and Highway 84 has over 27k + AADT
    • Dedicated parking and reciprocal shopping center parking
    • Surrounded by hotels and Waco’s “Motor Mile”
    • Services Baylor University, Woodway, Hewitt, Lorena and Waco’s greater market areas

    Overview

    This is a second-generation retail space featuring a dual-lane drive-thru and a dedicated pylon sign. The property includes dedicated parking as well as reciprocal shopping center parking. It is located near hotels and Waco’s “Motor Mile”. The location benefits from a high daytime population and proximity to area employers, including office towers, hospitals, schools, and a 4,300-acre industrial park. Highway 84 has over 27,000+ AADT, and Highway 6 has 36,000+ AADT. The property serves Baylor University, Woodway, Hewitt, Lorena, and Waco’s greater market areas. The property size is 2,346 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Woodway
    County
    McLennan
    State
    Texas
    Longitude
    -97.1902873
    Latitude
    31.5105738

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      TX, Woodway - Woodway Dr

      13701 Woodway Dr, Unit 2ND, Woodway, TX 76712
      View Details
    • $7 SF/Yr
      1,750 SF

      New Office Complex with Drive-Thru

      Newly constructed office complex ideal for medical, office, and retail.
      5317 Speegleville Rd, Woodway, TX 76712
      View Details
    • $13 SF/Yr
      17,600 SF

      Warehouse with Showroom and Offices

      17,600 SF warehouse with showroom, offices, and fenced yard.
      1900 W Loop 340, Woodway, TX 76712
      View Details
    • $25 SF/Yr
      8,456 SF

      Woodway Office Space Available

      Class A office space with executive offices and ample parking.
      204 Woodhew Dr, Woodway, TX
      View Details
    • $9 SF/Yr
      18,000 SF

      Industrial Warehouse Space Available

      18,000 SF industrial warehouse space for lease.
      720 Venture Dr, Woodway, TX 76712
      View Details
    • $22 SF/Yr
      1,000 SF

      Retail Center Spaces For Lease

      Retail spaces available in a high-traffic Woodway location.
      8810 Woodway Dr, Woodway, TX
      View Details
    • $10 SF/Yr
      12,500 SF

      Highway 6 Warehouse Space Available

      Warehouse space with yard areas and highway visibility for lease.
      5496 N State Hwy 6, Woodway, TX
      View Details
    • $10 SF/Yr
      14,648 SF

      Warehouse and Showroom Space Available

      Warehouse and showroom space with highway visibility, available December 2024.
      6175 N State Highway 6, Woodway, TX
      View Details
    • $25 SF/Yr
      4,269 SF

      Functional Space in Woodway, Texas

      Versatile space suitable for retail, office, or light industrial use.
      8020 Central Park Dr, Woodway, TX 76712
      View Details
    • Contact for pricing
      9,600 SF

      Versatile Warehouse and Office Space

      9,600 SF warehouse with offices, conference room, and amenities.
      7461 Bagby Ave, Woodway, TX 76712
      View Details
    • $9 SF/Yr
      60,000 SF

      Highway 6 Industrial Build-to-Suit

      Build-to-suit industrial spaces available on Highway 6 in Woodway.
      N Highway 6, Woodway, TX 76712
      View Details
    • Contact for pricing
      1,125 SF

      Renovated Office Space Available

      Office spaces for lease with renovated common areas and utilities.
      200 W State Hwy 6, Woodway, TX 76712
      View Details

    FAQs

    What type of property is this?
    Retail space - Second-generation retail space with dual-lane drive-thru and dedicated parking.
    Where is this retail space located?
    The property is located at 6500 Woodway Dr Woodway, TX.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: Dual lane drive‑thru and dedicated pylon sign; High daytime population & area employers (office towers, hospitals, schools & 4,300 cre industrial park); Highway 6 has 36k + AADT and Highway 84 has over 27k + AADT
    (254) 981-3036 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Caleb Loudamy
    Caleb Loudamy
    Real Estate License ID: 713215
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6500 Woodway Dr, Woodway, TX 76712
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!