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    1910 Park Lake Dr Waco, TX 76708

    For Lease
    $10 SF/Yr ($13,516 /Mo)

    Medical Office Suites Available: Waco, TX

    Lot size:
    16,220 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 16,220 square foot, single-story retail center, located at 1910 Park Lake Dr, Waco, TX 76708, presents a unique investment opportunity. The property, built in 1961 and classified as Class B, features six suites with a minimum divisible space of 2,880 square feet and a maximum contiguous space of 6,240 square feet. Currently, 6,240 square feet are vacant, offering immediate occupancy potential. The center sits on a 1.14-acre lot (APN 183175) in McLennan County, zoned C-2, and boasts 33 parking spaces. Its prime location across from H-E-B, places it in a high-growth area near McLennan Community College, Camp Fimfo, and Hawaiian Falls, ensuring high visibility and foot traffic. The surrounding area is densely populated with single-family homes and apartment complexes, with further residential development planned. This property is ideal for medical offices, retail businesses, or restaurants seeking a well-established location in a thriving Waco neighborhood. The property's convenient access to major roadways and its proximity to significant population centers make it an attractive option for businesses seeking strong market presence. All information is deemed reliable but should be independently verified.

    Property Features for 1910 Park Lake Dr

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,220 SF
    Class
    B
    Total Rate
    13516.67

    Building Details

    Year Built
    1961
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 1912
    Size
    3,360 SF
    Rate per SF
    $10
    Space
    Suite 1914
    Size
    2,880 SF
    Rate per SF
    $10

    HighLights

    • Two suites available, 2,880 to 3,360 square feet.
    • High‑density residential area with single‑family homes and apartment complexes.
    • Less than one mile from McLennan Community College.
    • High traffic count: approximately 13,780 to 17,830 vehicles per day (TxDOT data).
    • 33 parking spaces available.
    • Excellent location near complementary retail and restaurants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Happy Wok Chinese Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.173378594439
    Latitude
    31.579850400136

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    FAQs

    What type of property is this?
    Restaurant - Medical Office Suites Available: Waco, TX
    Where is this restaurant located?
    The property is located at 1910 Park Lake Dr Waco, TX.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Two suites available, 2,880 to 3,360 square feet.; High-density residential area with single-family homes and apartment complexes.; Less than one mile from McLennan Community College.
    Request Owner's contact information
    1910 Park Lake Dr Waco, TX 76708
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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
    1910 Park Lake Dr Waco, TX 76708
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