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    Mixed-Use Property For Sale Title is generated by Realmo AI

    707 Austin Avenue, Waco, TX 76701

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    Mixed-use property featuring 2,244 square feet of space.

    Type:Mixed Use, Office, Retail, Special Purpose
    Property size:
    2,244 SF
    Price / SF:
    $267/SF
    Added:
    Feb 27, 2026
    Days on Market:
    113
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 707 Austin Avenue

    General Information

    Standard status
    Active
    Size
    2,244 SF
    Property subtype
    Mixed Use, Office, Retail, Special Purpose

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    Listing Contact
    Brad Harrell
    Brad Harrell

    Listing agent Brad Harrell License #TX 363789

    Listing office Onward Real Estate Team - Keller Williams

    Listing date Feb 27, 2026

    Source Crexi

    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 Onward Real Estate Team - Keller Williams

    HighLights

    • Mixed use property
    • 2,244 sqft of space

    Overview

    This mixed-use property offers 2,244 square feet of space and is available for sale.

    Local Financial Insights For Office B

    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 $49.8k $22.20
    − Vacancy −$8.2k −$3.66
    EGI $41.6k $18.54
    − OpEx −$10.4k −$4.63
    NOI $31.2k $13.90
    2,244 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $445.7K
    $390.0K – $520.0K (±1% cap)
    NOI $31,198 @ 7.0% cap · market cap 5.20%
    Second Best
    Mixed Use
    $410.2K
    $359.0K – $478.6K (±1% cap)
    NOI $28,716 @ 7.0% cap · market cap 4.79%
    Theoretical Best
    Office A
    $592.0K
    $518.0K – $690.7K (±1% cap)
    NOI $41,442 @ 7.0% cap · market cap 6.91%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Glass Phoenix Waco (Bike/Boat/Book/etc) Store Suit City (Bike/Boat/Book/etc) Store Benj Cramer Designs General Contractor

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.1340281
    Latitude
    31.555333

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property featuring 2,244 square feet of space.
    Where is this mixed-use property located?
    The property is located at 707 Austin Avenue Waco, TX.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: Mixed use property; 2,244 sqft of space
    (254) 717-9306 Call to check price and availability
    More about this property
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