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    Downtown Waco Retail/Entertainment Space Title is generated by Realmo AI

    910 Webster Ave, Waco, TX 76706

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    Retail/entertainment space with warehouse and adjacent vacant lot.

    Type:Retail
    Property size:
    13,450 SF
    Lot size:
    0.35 Acres
    Price / SF:
    $159/SF
    Added:
    Jun 4, 2024
    Days on Market:
    738
    Last Refresh:
    May 12 at 9:37 pm

    Property Features for 910 Webster Ave

    General Information

    Standard status
    Active
    Size
    13,450 SF
    Lot size
    0.35 Acres
    Property subtype
    Retail

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    Listing Contact
    Brad Davis

    Listing agent Brad Davis License #TX

    Listing office Cromwell Commercial Group

    Listing date Jun 4, 2024

    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 Cromwell Commercial Group

    HighLights

    • Prime location in the heart of the Downtown Waco Silos District.
    • 13,450 SF retail/entertainment space with a versatile layout.
    • Includes a 0.35‑acre vacant lot for additional parking or future development.
    • Ample parking with 21 spaces.
    • Combination of 7,440 SF showroom and over 5,900 SF warehouse/storage space.
    • Preferred C‑4 zoning, offering flexibility.

    Overview

    Located in the heart of the Downtown Waco Silos District, this property features 13,450 square feet of retail and entertainment space along with an adjacent vacant lot. The building includes 7,440 square feet of showroom space and over 5,900 square feet of warehouse and storage area, accessible via one grade-level door. There are 21 parking spaces available. The adjacent vacant lot spans 0.35 acres and can be utilized for additional parking or future development, subject to zoning regulations. The property is zoned C-4. The layout and location are suitable for various uses and concepts. The location is surrounded by current and planned entertainment and tourism-centric developments, including Magnolia Silos, Terry Black’s Barbeque, Pignetti’s, Pivovar, Hotel Herringbone, Red Herring, and the Backyard Bar & Grill.

    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 $250.2k $18.60
    − Vacancy −$26.3k −$1.95
    EGI $223.9k $16.65
    − OpEx −$67.2k −$4.99
    NOI $156.7k $11.65
    13,450 SF · lease $18.60/SF/yr · vacancy 10.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $2.24M
    $1.96M – $2.61M (±1% cap)
    NOI $156,732 @ 7.0% cap · market cap 7.29%
    Second Best
    Warehouse
    $1.90M
    $1.67M – $2.22M (±1% cap)
    NOI $133,246 @ 7.0% cap · market cap 6.20%
    Theoretical Best
    Office A
    $3.55M
    $3.10M – $4.14M (±1% cap)
    NOI $248,395 @ 7.0% cap · market cap 11.55%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Findery Interior Design

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Eleganza design custom floors — 425 S 18th St, Waco, TX 76705
    • Insightubik Carpet & Flooring Group — 1326 park ave, waco, tx 76706

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.1314509
    Latitude
    31.5499089

    FAQs

    What type of property is this?
    Showroom - Retail/entertainment space with warehouse and adjacent vacant lot.
    Where is this showroom located?
    The property is located at 910 Webster Ave Waco, TX.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: Prime location in the heart of the Downtown Waco Silos District.; 13,450 SF retail/entertainment space with a versatile layout.; Includes a 0.35‑acre vacant lot for additional parking or future development.
    More about this property
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