Office/Warehouse Flex
For Sale
Contact for pricing
6808 Broad Ave, Woodway, TX 76712
Flex office and warehouse space includes overhead door access and ample parking for office or service users.
Property Size4,201 SF
Price / SF$160.68
Days on Market51
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:
Coldwell Banker Commercial Apex, Realtors
(254) 776-0000
Listed By:
Caleb Loudamy · License #713215
Source:
Crexi
Added: Jul 9
Changed: Aug 21
Last Checked: Aug 26 at 11:51AM
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 Coldwell Banker Commercial Apex, Realtors
Investment Insights
Based on property information with market context.
This office/warehouse flex building features a clean, high-end office buildout paired with warehouse space with overhead door access. The property also includes ample parking to support tenant and customer access.
Located within Woodway’s industrial business park, the building offers convenient access to Highway 84 and Highway 6, with quick routes to the greater Waco area.
The combination of dedicated office improvements and grade-level warehouse access makes the layout suitable for a range of office, warehouse, or service-oriented operations, subject to applicable approvals.
Located within Woodway’s industrial business park, the building offers convenient access to Highway 84 and Highway 6, with quick routes to the greater Waco area.
The combination of dedicated office improvements and grade-level warehouse access makes the layout suitable for a range of office, warehouse, or service-oriented operations, subject to applicable approvals.
Key Highlights
- Office/warehouse building located in Woodway’s industrial business park
- Flex space includes office buildout plus warehouse area
- Warehouse includes overhead door access
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
$56,271
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
8.34%
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%
$1,125,420
$1.1M
Cap Rate 7%
$803,871
$803.9K
Cap Rate 9%
$625,233
$625.2K
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
$103.3K $24.60/SF
− Vacancy
−$28.3K −$6.74/SF
EGI
$75.0K $17.86/SF
− OpEx
−$18.8K −$4.46/SF
NOI
$56.3K $13.39/SF
Area
McLennan County, TX
Vacancy
27.40%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,125,420
Cap Rate 7%
$803,871
Cap Rate 9%
$625,233
Alternative Uses
Best Use
Office B
$803.9K
$703.4K – $937.9K
NOI $56,271 @ 7.0% cap · market cap 8.34%
Second Best
Flex RnD
$430.7K
$376.8K – $502.4K
NOI $30,146 @ 7.0% cap · market cap 4.47%
Theoretical Best
Multifamily LT 5
$52.33M
$45.79M – $61.06M
NOI $3,663,393 @ 7.0% cap · market cap 542.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex office and warehouse space includes overhead door access and ample parking for office or service users.
Where is this flex space located?
The property is located at 6808 Broad Ave Woodway, 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: Office/warehouse building located in Woodway’s industrial business park; Flex space includes office buildout plus warehouse area; Warehouse includes overhead door access
