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Prime Waco Commercial Property

845 N Valley Mills Dr & 1020 Camp Dr Waco, TX 76710

845 N Valley Mills Dr & 1020 Camp Dr, Waco, TX, 76710
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Corner lot with high visibility and redevelopment potential.

Property Size1,617 SF
Lot Size0.45 Acres
Price / SF$303.03
AddedMay 23
Days on Market54
Last RefreshMay 27 at 8:24 am

Property Features for 845 N Valley Mills Dr & 1020 Camp Dr

General Information

Standard status
Active
Size
1,617 SF
Lot size
0.45 Acres
Property subtype
Office

Listing office Coldwell Banker Commercial Apex, Realtors

Listing date May 23, 2026

Source Crexi

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 Coldwell Banker Commercial Apex, Realtors


Investment Insights

Based on property information with market context.

This commercial property is located along a highly trafficked retail corridor in Waco. The offering includes two contiguous parcels totaling approximately 0.45 acres, situated at 845 N Valley Mills Drive and 1020 Camp Drive. The site benefits from high visibility and direct frontage on N Valley Mills Drive, which sees approximately 26,572 vehicles per day. The property features a 1,617 square foot freestanding building, previously occupied by Byron’s Watch Repair since 1970. It is positioned on a corner lot with access from both Valley Mills Drive and Camp Drive. Zoned C-2, the site is suitable for a range of retail, office, and service-oriented uses. The property is surrounded by a mix of national and regional tenants, including Target, H-E-B, Valvoline, Arby’s, Golden Corral, O’Reilly Auto Parts, and Chevron, placing it within an established commercial area with existing consumer traffic. The configuration of two parcels provides flexibility for redevelopment, expansion, or repositioning of the asset.

Key Highlights

  • High‑traffic location on N Valley Mills Drive with approximately 26,572 vehicles per day.
  • Two contiguous parcels totaling 0.45+\/- acres, offering flexibility for redevelopment or expansion.
  • Excellent visibility and direct frontage on N Valley Mills Drive.

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 $30.1k $18.60
− Vacancy −$3.2k −$1.95
EGI $26.9k $16.65
− OpEx −$8.1k −$4.99
NOI $18.8k $11.65
1,617 SF · lease $18.60/SF/yr · vacancy 10.50% · expense 30.00%

Alternative Uses

Best Use
Retail
$269.2K
$235.5K – $314.1K (±1% cap)
NOI $18,843 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$426.6K
$373.3K – $497.7K (±1% cap)
NOI $29,863 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Parking Lot & Garage (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Travel Agency Pet Store & Service Daycare Center Restaurant Fish Market Florist

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • A Rare Bloom — 1300 Lake Air Dr #6, Waco, TX 76710
  • Paul Farney — 501 Lake Air Dr, Waco, TX 76710

FAQs

What type of property is this?
Storefront property - Corner lot with high visibility and redevelopment potential.
Where is this storefront property located?
The property is located at 845 N Valley Mills Dr & 1020 Camp Dr Waco, TX.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: High‑traffic location on N Valley Mills Drive with approximately 26,572 vehicles per day.; Two contiguous parcels totaling 0.45+\/- acres, offering flexibility for redevelopment or expansion.; Excellent visibility and direct frontage on N Valley Mills Drive.
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