Office/Warehouse Flex
For Sale
Contact for pricing
6808 Broad Ave, Waco, TX 76712
Flex office/warehouse building includes high-end office buildout, overhead door access, and ample parking.
Property Size4,201 SF
Price / SF$160.68
Days on Market68
Property Features for 6808 Broad Ave
General Information
Standard status
Active
Size
4,201 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Listing Agency:
Cromwell Commercial Group
(254) 313-0000
Listed By:
Caleb Loudamy · License #713215
(254) 981-3036
Source:
Moodyscre
Added: Jul 10
Changed: Sep 9
Last Checked: Sep 14 at 11:43AM
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 office/warehouse flex building offers a clean, high-end office buildout paired with warehouse space designed for practical operations. Warehouse access is provided via overhead doors, and the property includes ample parking to support daily tenant and customer needs.
The building is located in Woodway’s industrial business park with quick access to Highway 84, Highway 6, and the greater Waco area.
Suitable for office, warehouse, or service-focused users, the property combines workplace improvements with direct warehouse access in a single facility.
The building is located in Woodway’s industrial business park with quick access to Highway 84, Highway 6, and the greater Waco area.
Suitable for office, warehouse, or service-focused users, the property combines workplace improvements with direct warehouse access in a single facility.
Key Highlights
- Flex office/warehouse building with high‑end office buildout
- Warehouse space includes overhead door access
- Ample parking for occupants and visitors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,287
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$845,740
$845.7K
Cap Rate 7%
$604,100
$604.1K
Cap Rate 9%
$469,856
$469.9K
Market Conditions
NOI Build-Up for 4,201 SF
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.
Gross rent
$73.1K $17.40/SF
− Vacancy
−$8.0K −$1.91/SF
EGI
$65.1K $15.49/SF
− OpEx
−$22.8K −$5.42/SF
NOI
$42.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$845,740
Cap Rate 7%
$604,100
Cap Rate 9%
$469,856
Alternative Uses
Best Use
Flex RnD
$604.1K
$528.6K – $704.8K
NOI $42,287 @ 7.0% cap · market cap 6.26%
Second Best
Warehouse
$594.5K
$520.2K – $693.6K
NOI $41,618 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$1.11M
$969.8K – $1.29M
NOI $77,584 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,505
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76712, TX
27,800
Population
11,704
Households
2.4
Avg Household Size
41
Median Age
49%
College-Educated
96%
High-School Grad
52.4 sq mi
ZIP Area
531
Density / Sq Mi
$96,267
Median Household Income
$56,879
Median Earnings
$1,333
Median Rent
$302,100
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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Frequently Asked Questions
What type of property is this?
Flex space - Flex office/warehouse building includes high-end office buildout, overhead door access, and ample parking.
Where is this flex space located?
The property is located at 6808 Broad Ave Waco, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Flex office/warehouse building with high‑end office buildout; Warehouse space includes overhead door access; Ample parking for occupants and visitors
