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    6401 Premier Dr Waco, TX 76712

    For Sale
    $631,000

    2.63-acre lot, prime development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2.63-acre commercial land parcel is ideally situated in Waco, Texas, at 6401 Premier Dr, 76712, within McLennan County. Priced at $631,000, this property presents a compelling investment opportunity for developers seeking a strategic location. Its proximity to Baylor/Scott & White and Hillcrest hospitals makes it highly attractive for medical-related businesses or those seeking to capitalize on the significant foot traffic and established infrastructure in the area. The developer is open to various development scenarios, including design-build projects, build-to-lease agreements, or individual lot sales, offering flexibility to potential buyers. While this specific lot encompasses 2.63 acres, it's important to note that the overall development offers a range of lot sizes, varying from 1.04 acres to 3.93 acres, with prices ranging from $4.50 per square foot to $6.00 per square foot, depending on the specific lot selected. This prime location and adaptable development options make this property a rare find in the Waco commercial real estate market. The property's coordinates are 31.489671 latitude and -97.1724999 longitude. Serious inquiries are encouraged.

    Property Features for 6401 Premier Dr

    General Information

    Property type
    Land
    Lot Size
    114,563 SF

    HighLights

    • 2.63‑acre commercial land parcel in Waco, TX, priced at $631,000.
    • Excellent location near Baylor/Scott & White and Hillcrest hospitals.
    • Developer offers flexible development options including design‑build, build‑to‑lease, or individual lot sales.
    • Lot sizes range from 1.04 to 3.93 acres.
    • Prices range from $4.50 to $6.00 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.1724999
    Latitude
    31.489671

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    FAQs

    What type of property is this?
    Land - 2.63-acre lot, prime development opportunity.
    Where is this land located?
    The property is located at 6401 Premier Dr Waco, TX.
    What is the asking price?
    The asking price for this property is $631,000.
    What are key features of this property?
    This property features: 2.63-acre commercial land parcel in Waco, TX, priced at $631,000.; Excellent location near Baylor/Scott & White and Hillcrest hospitals.; Developer offers flexible development options including design-build, build-to-lease, or individual lot sales.
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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
    6401 Premier Dr Waco, TX 76712
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