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Office Units with Covered Parking
New
For Lease
$3,774/Mo

720 Lake Air Dr, Waco, TX 76710

Multi-suite office space includes a kitchenette, connected utilities, and covered rear parking.

Space Size2,000 SF
Lot Size0.16 Acres
Days on Market2

Property Features for 720 Lake Air Dr

General Information

Standard status Active
Size 2,000 SF
Net Rentable 2,000 SF
Lot size 0.16 Acres
Zoning C-3

Space & Availability

Available Space 2,000 SF
Space Use Office
Condition Turnkey

Site & Location

Road Access Yes
Utilities to Site Yes

Amenities

kitchenette
covered rear parking

Building Details

Year Built 1966
Listing Agency: Keller Williams Realty, Waco
Listed By: Brad Harrell · License #363789
Source: Minteerteam
Added: Sep 9 Changed: Sep 10 Last Checked: Sep 10 at 2:50PM

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 Keller Williams Realty, Waco

Investment Insights

Based on property information with market context.

This office property at 720 Lake Air Drive includes multiple suites, an on-site kitchenette, connected utilities, and covered parking at the rear of the building. The improvements date to 1966, and the site encompasses 0.16 acres with 50 feet of frontage along Lake Air Drive.

The property carries C-3 General Commercial zoning and sits within Waco’s Lake Air commercial district. The location records traffic of more than 15,700 vehicles per day, providing an established roadside presence. The site is outside any FEMA flood zone and is positioned in a commercial corridor serving professional services, medical offices, insurance agencies, and similar office users.

Key Highlights

  • Multiple office suites with on‑site kitchenette
  • 50 feet of frontage on Lake Air Drive
  • More than 15,700 vehicles per day

Property Analytics

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Current Use

Blake Harrell - State ... Insurance Agency

Suggested Use

Top Pick Parking Lot & Garage Catering Service (Bike/Boat/Book/etc) Store Locksmith Pet Store & Service Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$3.37 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,549
Businesses Nearby

Demographics for 76710, TX

24,874
Population
12,391
Households
2
Avg Household Size
38
Median Age
32%
College-Educated
92%
High-School Grad
9.3 sq mi
ZIP Area
2,675
Density / Sq Mi
$53,304
Median Household Income
$36,425
Median Earnings
$1,098
Median Rent
$229,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Waco, TX

$12.56 /SF/Yr
Avg Asking Price
$7.11–$17.35 /SF/Yr
Price Range
7,400 SF
Avg Space Size

This space is priced 79% above the average of $12.56 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Multi-suite office space includes a kitchenette, connected utilities, and covered rear parking.
Where is this office units located?
The property is located at 720 Lake Air Dr Waco, TX.
What is the lease rate?
The lease rate is $3,774/Mo.
What are key features of this property?
This property features: Multiple office suites with on‑site kitchenette; 50 feet of frontage on Lake Air Drive; More than 15,700 vehicles per day
More about this property
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