707 Austin Avenue Waco, TX 76701
2,329 SF mixed-use property suitable for office, retail, or special purpose.
Property Features for 707 Austin Avenue
General Information
- Standard status
- Active
- Size
- 2,329 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1919
Listing office Alinea Real Estate
Listing date May 10, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Mixed Use Property
- Suitable for Office, Retail, or Special Purpose
- 2,329 SF
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.5k | $23.40 |
| − Vacancy | −$6.8k | −$2.93 |
| EGI | $47.7k | $20.47 |
| − OpEx | −$17.9k | −$7.68 |
| NOI | $29.8k | $12.80 |
