Listing Agency: BZR Commercial Realty Show Phone

Listed By: Parvez Malik Show Phone

Source: Moodyscre

Added: Mar 17, 2025 Changed: Sep 15 Last Checked: Sep 14 at 11:51AM

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Investment Insights

Based on property information with market context.

This commercial building in Waco, Texas, offers approximately 5,198 square feet of space. Constructed of concrete, the property is currently zoned B1 Commercial. The building is suitable for retail or office use and presents an opportunity for a family-owned business. The current lease generates approximately $28,800 in annual income on a month-to-month basis. The buyer has the option to continue the lease or occupy the space. The property has a net operating income of approximately $23,000 and a CAP Rate of 8%. The building can be repurposed to other retail uses and is located in a neighborhood business area.

Key Highlights

• High CAP Rate: 8%
• Significant Net Operating Income (NOI) of approximately $23,000
• Flexible Usage with buyer option to continue lease or occupy the space

Property Analytics

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Current Use

Young Expression Day ... Daycare Center

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Kitchen & Bath Showroom Gym & Fitness Center Skin Care Clinic

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

Location Intelligence

Trade Area within ½ mile

370

Businesses Nearby

Explore this area Business Placement

Market

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 - Commercial building in Waco, Texas, suitable for retail or office.

Where is this office units located?

The property is located at 811 Maxfield St Waco, TX.

What are key features of this property?

This property features: High CAP Rate: 8%; Significant Net Operating Income (NOI) of approximately $23,000; Flexible Usage with buyer option to continue lease or occupy the space