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    929 Lake Air Dr Waco, TX 76710

    For Lease
    $12 SF/Yr ($15,390 /Mo)

    Prime Retail Space, Multiple Suites Available

    Lot size:
    15,390 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional retail opportunity presents two separate suites totaling approximately 15,390 square feet within a well-established shopping center located at 929-941 Lake Air Drive in McLennan County. The property offers high visibility and convenient access, situated near the intersection of Valley Mills Drive and Lake Air Drive, ensuring significant foot traffic and excellent brand exposure. Two immediately available suites provide flexibility for various retail concepts. One suite offers approximately 2,000 square feet, while the second suite provides approximately 4,000 square feet. Both spaces are second-generation retail spaces, featuring built-in back office areas and ample storage, ready for immediate occupancy. The minimum divisible space is 2,000 square feet, allowing for customization to suit specific business needs. This property is ideal for businesses seeking a high-traffic location with existing infrastructure and a strong presence in a thriving commercial area. The property's size and layout offer a unique opportunity for either a single tenant seeking a larger space or two separate tenants looking for smaller, yet functional units. This is a rare opportunity to secure a prime retail location in a desirable area with excellent visibility and accessibility. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 929 Lake Air Dr

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,390 SF
    Total Rate
    15390

    Unit(s) available at that property

    Space
    Suite 931
    Size
    4,000 SF
    Rate per SF
    $12
    Space
    Suite 933
    Size
    2,000 SF
    Rate per SF
    $13

    HighLights

    • Two suites available, approximately 2,000 and 4,000 square feet.
    • Second‑generation retail space with back office and storage.
    • High visibility location.
    • Situated near the intersection of Valley Mills Drive and Lake Air Drive in McLennan County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Express Financial Loan Agency

    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
    -97.1862143
    Latitude
    31.5291665

    Nearby Similar for Lease

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      Lake Air Drive Retail Space

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    • Contact for pricing
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    FAQs

    What type of property is this?
    Lifestyle center - Prime Retail Space, Multiple Suites Available
    Where is this lifestyle center located?
    The property is located at 929 Lake Air Dr Waco, TX.
    What is the lease rate?
    The lease rate is $12-$13 SF/Yr.
    What are key features of this property?
    This property features: Two suites available, approximately 2,000 and 4,000 square feet.; Second-generation retail space with back office and storage.; High visibility location.
    Request Owner's contact information
    929 Lake Air Dr 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
    929 Lake Air Dr Waco, TX 76710
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