Three-Suite Office
For Sale
$1,875,000
8300 Old McGregor Rd, Waco, TX 76712
Multiple-room layouts offer adaptable space for professional and service-oriented business uses.
Property Size6,250 SF
Days on Market50
Property Features for 8300 Old McGregor Rd
General Information
Standard status
Active
Size
6,250 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
3
Building Details
Building Size
6,250 SF
Buildings
1
Tenancy
Multi
Listing Agency:
Cromwell Commercial Group
Listed By:
Gregg Glime · License #0620081
(254) 313-0000
Source:
Cbcworldwide
Added: Sep 2
Changed: Oct 6
Last Checked: Oct 20 at 5:02PM
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 Cromwell Commercial Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building is configured into three suites, each with functional layouts that include multiple rooms. The existing configuration supports professional and service-oriented business uses, with office, retail, and medical applications identified for the property.
The building fronts Highway 84, providing direct exposure and convenient regional access. Its position along the corridor connects the property with Waco, McGregor, and surrounding communities. The property address is 8300 Old McGregor Rd, Waco, TX 76712.
The building fronts Highway 84, providing direct exposure and convenient regional access. Its position along the corridor connects the property with Waco, McGregor, and surrounding communities. The property address is 8300 Old McGregor Rd, Waco, TX 76712.
Key Highlights
- Three‑suite configuration with functional layouts
- Multiple rooms within the existing suite configuration
- Office, retail, and medical applications identified
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,892
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,737,840
$1.7M
Cap Rate 7%
$1,241,314
$1.2M
Cap Rate 9%
$965,467
$965.5K
Market Conditions
NOI Build-Up for 6,250 SF
Gross rent
$138.8K $22.20/SF
− Vacancy
−$22.9K −$3.66/SF
EGI
$115.9K $18.54/SF
− OpEx
−$29.0K −$4.63/SF
NOI
$86.9K $13.90/SF
Area
Waco, TX
Vacancy
16.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,737,840
Cap Rate 7%
$1,241,314
Cap Rate 9%
$965,467
Alternative Uses
Best Use
Office B
$1.24M
$1.09M – $1.45M
NOI $86,892 @ 7.0% cap · market cap 4.63%
Second Best
Retail
$1.04M
$910.4K – $1.21M
NOI $72,831 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,425 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
Explore this area
Business Placement
Demographics for 76712, TX
27,800
Population
11,704
Households
2.4
Avg Household Size
41
Median Age
49%
College-Educated
96%
High-School Grad
52.4 sq mi
ZIP Area
531
Density / Sq Mi
$96,267
Median Household Income
$56,879
Median Earnings
$1,333
Median Rent
$302,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Multiple-room layouts offer adaptable space for professional and service-oriented business uses.
Where is this office building located?
The property is located at 8300 Old McGregor Rd Waco, TX.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: Three‑suite configuration with functional layouts; Multiple rooms within the existing suite configuration; Office, retail, and medical applications identified
