Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    601 Texas Central Pkwy Waco, TX 76712

    For Sale
    Contact for pricing

    High-yield, fully leased office property in Waco, TX

    Property size:
    36,297 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a 36,297 square foot office building situated on an 8.18-acre lot at 601 Texas Central Pkwy, Waco, TX 76712. The property boasts convenient access to major thoroughfares including I-35, Hwy 84, and Hwy 6, ensuring excellent connectivity. Ample parking is provided with two ingress and egress drives for ease of access. Currently fully leased through the end of 2031, this property offers an absolute NNN lease structure with a highly attractive 7% cap rate and built-in 3% annual rent increases through the lease term. Located in Waco's Industrial Park, a high-growth area in South Waco/Woodway, this is a strong, stable investment with significant long-term potential. Showings are strictly by appointment only to avoid disruption to the tenant's operations. This is a rare opportunity to acquire a high-performing, low-maintenance commercial property in a thriving Texas market. The property is classified as Office and Land, offering flexibility for future development or expansion. Don't miss this chance to secure a prime investment in a rapidly growing area.

    Property Features for 601 Texas Central Pkwy

    General Information

    Property type
    Land
    Square Feet
    36,297 SF
    Lot Size
    356,321 SF

    HighLights

    • Excellent access to I‑35, Hwy 84, and Hwy 6.
    • Ample parking with two ingress/egress drives.
    • 7% cap rate.
    • Fully leased through the end of 2031.
    • Absolute NNN lease with 3% annual rent increases through 2031.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Support Services Group Call Center Support Services Group, ... Business Management Consultant Davidson Corp Air Conditioning System Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Auto Repair Shop Wholesale 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
    -97.201740058302
    Latitude
    31.500033898884

    Nearby Similar for Sale

    • $1,500,000
      2,684 SF

      36-Acre Brazos River Ranch

      Texas ranch featuring river frontage, pastures, and a brick home.
      203 River Ln, Waco, TX 76708
      View Details
    • $699,990
      1,556 SF

      Waco 5-Acre Multi-Home Retreat

      5-acre property with three homes, barn, and income potential.
      979 Old Mexia Rd, Waco, TX 76705
      View Details
    • $965,000
      0.19 Acres

      Spacious Duplex Near Baylor University

      Duplex near Baylor, converted to single-family with student rental potential.
      1915 S 7Th St, Waco, TX 76706
      View Details
    • $450,000
      0.34 Acres

      Versatile Commercial Property Package Deal

      Former daycare with development potential on Memorial Drive.
      4306 Memorial Dr, Waco, TX 76711
      View Details
    • $700,000
      3,246 SF

      Spacious Ranch Home with Acreage

      Ranch-style home on 16.73 acres near Waco, Texas.
      12145 Tree Lake Dr, Waco, TX 76708
      View Details
    • $1,500,000
      5.95 Acres

      Equipped Church on Highway 77

      Fully equipped church with classrooms, offices, and ample parking.
      2801 Robinson Dr, Waco, TX 76706
      View Details

    FAQs

    What type of property is this?
    Land - High-yield, fully leased office property in Waco, TX
    Where is this land located?
    The property is located at 601 Texas Central Pkwy Waco, TX.
    What are key features of this property?
    This property features: Excellent access to I-35, Hwy 84, and Hwy 6.; Ample parking with two ingress/egress drives.; 7% cap rate.
    Request Owner's contact information
    601 Texas Central Pkwy Waco, TX 76712
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    601 Texas Central Pkwy
    Waco, TX 76712
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    601 Texas Central Pkwy Waco, TX 76712
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.