Mixed-Use Property on Austin
For Sale
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707 Austin Avenue, Waco, TX 76701
2,329 SF mixed-use property suitable for office, retail, or special purpose.
Property Size2,329 SF
Price / SF$294.12
Days on Market87
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 Agency:
Alinea Real Estate
Listed By:
Matt Stufflebeam · License #TX 0550140
Source:
Crexi
Added: May 10
Changed: Jul 10
Last Checked: Aug 3 at 9:22AM
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 Alinea Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property offers 2,329 square feet of space suitable for office, retail, or special purpose use. The property is located on Austin Avenue in Waco, Texas.
Key Highlights
- Mixed Use Property
- Suitable for Office, Retail, or Special Purpose
- 2,329 SF
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 |
2,329 SF · lease $23.40/SF/yr · vacancy 12.50% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$425.8K
$372.6K – $496.7K
NOI $29,804 @ 7.0% cap · market cap 4.35%
Second Best
Retail
$387.7K
$339.3K – $452.3K
NOI $27,140 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$614.5K
$537.7K – $716.9K
NOI $43,012 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,077
Businesses Nearby
22k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Dining 9%
Home Improvements & Furnishings 7%
Electronics 6%
Wells Fargo
Shops & Services
9,047 visits/mo
0.5 miles
Sunoco
Shops & Services
4,133 visits/mo
0.4 miles
L&L Hawaiian Barbecue
Dining
1,982 visits/mo
0.4 miles
Terminix
Shops & Services
1,630 visits/mo
0.2 miles
Cash America Pawn
Shops & Services
1,436 visits/mo
0.3 miles
Demographics for 76701, TX
1,674
Population
1,029
Households
1.6
Avg Household Size
29
Median Age
32%
College-Educated
92%
High-School Grad
1.1 sq mi
ZIP Area
1,522
Density / Sq Mi
$24,593
Median Household Income
$21,897
Median Earnings
$1,008
Median Rent
Market
Properties on Market for Mixed-use properties in Waco
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 2,329 SF mixed-use property suitable for office, retail, or special purpose.
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 $685,000.
What are key features of this property?
This property features: Mixed Use Property; Suitable for Office, Retail, or Special Purpose; 2,329 SF
