Large-Format Flex Space with
New
For Lease
Contact for pricing
7420 Karl May Drive, Waco, TX 76708
Sublease includes heavy-duty power, runway cranes, dock access, and a renovated office component.
Space Size71,200 SF
Lot Size4.76 Acres
Days on Market6
Property Features for 7420 Karl May Drive
General Information
Standard status
Active
Size
71,200 SF
Net Rentable
71,200 SF
Lot size
4.76 Acres
Property subtype
IND
Zoning
M-2 Light Industrial
Lease Type
Full Service
Space & Availability
Available Space
71,200 SF
Contiguous Space
71,200 SF
Space Use
Industrial
Sublease
Yes
Lease Terms
Lease Rate
$5 /USD/SF/YR
Monthly Rent
$29,666
Rent per SF/Year
$5
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Office Build-Out
9,000 SF
Dock-High Doors
3
Voltage
480 V
Three-Phase Power
Yes
Heavy Power
Yes
Amenities
480-volt three-phase power
overhead cranes
natural gas service
dock well
dock doors
fenced yard
recently renovated office area
Building Details
Building Size
71,200 SF
Listing Agency:
Onward Real Estate Team - Keller Williams
(254) 870-0050
Listed By:
Brad Harrell, CCIM · License #363789
(254) 870-0050
Source:
Realnex
Added: Aug 14
Changed: Aug 17
Last Checked: Aug 18 at 4:13AM
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
Investment Insights
Based on property information with market context.
This flex space sublease at 7420 Karl May Drive in Waco combines a 71,200-square-foot industrial facility with approximately 4.76 acres of land. The property is zoned M-2 Light Industrial and includes 480-volt heavy three-phase power, two runway overhead cranes, natural gas service, one dock well, two dock doors, and a partially fenced yard. Approximately 9,000 square feet of front-office space has been recently renovated, providing administrative areas alongside the warehouse floor.
The facility is directly adjacent to Waco Regional Airport and offers access to Interstate 35. Its setting and physical improvements support industrial, manufacturing, logistics, freight, shipping, and aviation-related operations. The sublease is supported by a City of Waco ground lease extending through 2046.
The facility is directly adjacent to Waco Regional Airport and offers access to Interstate 35. Its setting and physical improvements support industrial, manufacturing, logistics, freight, shipping, and aviation-related operations. The sublease is supported by a City of Waco ground lease extending through 2046.
Key Highlights
- 71,200 SF industrial facility on approximately 4.76 acres
- M‑2 Light Industrial zoning with City of Waco ground lease through 2046
- 480‑volt heavy three‑phase power and natural gas service
Property Analytics
Property Profile
Current Use
Lease Details
3
Dock-high doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$0.75 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76708, TX
28,499
Population
11,241
Households
2.5
Avg Household Size
35
Median Age
25%
College-Educated
85%
High-School Grad
48.1 sq mi
ZIP Area
592
Density / Sq Mi
$66,764
Median Household Income
$39,409
Median Earnings
$1,087
Median Rent
$204,600
Median Home Value
Market
Lease Benchmarks for Waco, TX
$10.49 /SF/Yr
Avg Asking Price
$6.5–$16 /SF/Yr
Price Range
11,716 SF
Avg Space Size
This space is priced 52% below the average of $10.49 /SF/Yr.
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Sublease includes heavy-duty power, runway cranes, dock access, and a renovated office component.
Where is this flex space located?
The property is located at 7420 Karl May Drive Waco, TX.
What are key features of this property?
This property features: 71,200 SF industrial facility on approximately 4.76 acres; M‑2 Light Industrial zoning with City of Waco ground lease through 2046; 480‑volt heavy three‑phase power and natural gas service
