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    2800 Bellmead Dr Waco, TX 76705

    Sponsored
    For Sale
    $995,000

    Prime Waco location, high traffic, vacant.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a vacant, 2,000 square foot, single-story commercial building situated on a 0.21-acre lot in Waco, Texas. The property, located at 2800 Bellmead Dr, Waco, TX 76705, boasts a prime corner location at the intersection of State Highway 31 and I-35, a high-traffic retail corridor experiencing over 20,000 vehicles daily. Built in 1955, this Class B building, currently vacant, offers significant potential for a variety of commercial uses, including retail or office space. The property's zoning is commercial, allowing for diverse development options. Its strategic location ensures excellent visibility and accessibility, benefiting from proximity to I-35 and high consumer demand in the area. The substantial retail gaps in this thriving trade area present a unique opportunity for a business to capitalize on the high traffic counts and significant consumer demand. This fee-simple ownership offers a strong investment potential for owner-users seeking a high-visibility location in a busy retail corridor. The property features one building and one unit. The APN is 280225000003008. The asking price is $995,000.

    Property Features for 2800 Bellmead Dr

    General Information

    Property type
    Individual retail properties
    Class
    B
    Lot Size
    9,148 SF

    Building Details

    Year Built
    1955
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $995,000 asking price for a vacant, 2,000 sq ft Class B mixed‑use property.
    • Located on a 0.21‑acre lot at a high‑traffic intersection of State Hwy 31 and I‑35 in Waco, TX.
    • Excellent visibility and accessibility due to its corner location and major highway frontage.
    • Significant unmet retail demand in the immediate trade area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Remco Auto Insurance Insurance Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.10271802593
    Latitude
    31.587486844789

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    FAQs

    What type of property is this?
    Individual retail property - Prime Waco location, high traffic, vacant.
    Where is this individual retail property located?
    The property is located at 2800 Bellmead Dr Waco, TX.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: $995,000 asking price for a vacant, 2,000 sq ft Class B mixed-use property.; Located on a 0.21-acre lot at a high-traffic intersection of State Hwy 31 and I-35 in Waco, TX.; Excellent visibility and accessibility due to its corner location and major highway frontage.
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    2800 Bellmead Dr Waco, TX 76705
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    Waco, TX 76705
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2800 Bellmead Dr Waco, TX 76705
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