724 Austin Ave Suite B Waco, TX 76701
Retail space in downtown Waco, near Baylor University.
Property Features for 724 Austin Ave Suite B
General Information
- Standard status
- Active
- Size
- 13,312 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2016
Listing office STRIVE Commercial Real Estate Advisors
Listing date Mar 24, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of STRIVE Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
Key Highlights
- Anchored by Encore: A popular local restaurant, bar, and entertainment venue driving consistent foot traffic.
- Long Term Triple Net (NNN) Leases: Offers passive income management for investors.
- Experiential Retail Synergy with Historic Theater: Benefits from built‑in foot traffic from theater events and performances.
Local Financial Insights For Retail
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 | $247.6k | $18.60 |
| − Vacancy | −$26.0k | −$1.95 |
| EGI | $221.6k | $16.65 |
| − OpEx | −$66.5k | −$4.99 |
| NOI | $155.1k | $11.65 |
