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    1101 Richland Dr Waco, TX 76710

    For Lease
    $16 SF/Yr ($2,666 /Mo)

    Prime Waco retail space, ample parking, high visibility.

    Lot size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional commercial property, located at 1101-1109 Richland Drive in Waco, Texas, presents a unique opportunity for retail businesses. The property consists of a single-tenant, 2,000 square foot building situated on a lot in McLennan County, zip code 76710. The building currently offers 1,000 square feet of finished retail space, ideal for a variety of uses. Its convenient location near the intersection of Bosque Boulevard and North Valley Mills Drive ensures high visibility and accessibility, benefiting from significant traffic flow. The property is classified as a C-3 general commercial district, allowing for a wide range of business types. Ample parking is available for customers and employees. This second-generation space offers a ready-to-occupy environment, minimizing upfront build-out costs. The property's location within McLennan County, Texas, provides access to a thriving local market. This is an excellent opportunity to establish or expand a retail presence in a high-traffic area of Waco. The property is zoned for a variety of commercial uses, making it a versatile option for prospective tenants. Serious inquiries are encouraged to explore this promising investment.

    Property Features for 1101 Richland Dr

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,000 SF
    Total Rate
    2666.67

    Unit(s) available at that property

    Space
    Size
    1,000 SF
    Rate per SF
    $16

    HighLights

    • Excellent location in a vibrant strip center.
    • Strong tenant mix includes Spraytopia, Waco Pain, R&S BBQ, and Cafe Cappuccino.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Because of You Medical Diagnostic Imaging Center Spraytopia Airbrush Tanning ... Beauty Salon The Snip Hair Salon Cafe Cappuccino Coffee Shop R&S Barbecue Barbecue Restaurant

    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
    -97.192479538118
    Latitude
    31.529409366955

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Waco retail space, ample parking, high visibility.
    Where is this lifestyle center located?
    The property is located at 1101 Richland Dr Waco, TX.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Excellent location in a vibrant strip center.; Strong tenant mix includes Spraytopia, Waco Pain, R&S BBQ, and Cafe Cappuccino.;
    Request Owner's contact information
    1101 Richland Dr Waco, TX 76710
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    Waco, TX 76710
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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
    1101 Richland Dr Waco, TX 76710
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