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

    10 Acres At Ritchie Rd And Chapel Rd Waco, TX 76712

    Sponsored
    For Sale
    $2,965,390

    Prime Waco location, 10+ acres, O-3 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 10.98-acre commercial land parcel presents a remarkable investment opportunity in Waco, Texas. Strategically located at the prime intersection of Ritchie Road and Chapel Road, this property offers unparalleled visibility and accessibility. Zoned O-3: Office Limited Commercial, it boasts significant frontage on both roads: approximately 675 feet on Ritchie Road and approximately 229 feet on Chapel Road. The high traffic counts on both roads—Ritchie Road averages over 5,400 vehicles daily (TxDOT 2022) and Chapel Road over 3,100 (TxDOT 2022)—ensure maximum exposure for any business. This property is situated within a ten-mile radius of approximately 186,279 residents, providing access to a substantial customer base. The owner will subdivide the land

    Property Features for 10 Acres At Ritchie Rd And Chapel Rd

    General Information

    Property type
    Land
    Lot Size
    478,289 SF

    HighLights

    • 10.98‑acre tract.
    • Zoned O‑3 Office Limited Commercial.
    • 299.54' of frontage on Chapel Road and 675.86' on Ritchie Road.
    • High visibility and accessibility at a prime intersection.
    • Chapel Road traffic count: 4,000 vehicles per day (TxDOT 2018).
    • Owner will subdivide; pricing available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Waco
    County
    Mclennan
    State
    Texas
    Longitude
    -97.2525737
    Latitude
    31.4559624

    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
    • $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
    • $679,990
      1,556 SF

      Waco 5-Acre Multi-Home Property

      5-acre Waco property with three homes, barn, and shed.
      979 Old Mexia Rd, Waco, TX 76705
      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
    • $419,000
      0.31 Acres

      Waco Duplex in Midway ISD

      Well-maintained duplex in Sunwest Village, each unit with 3/2 layout.
      408-410 Prosperity Trl, Waco, TX 76657
      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
    • $1,950,000
      3,684 SF

      Waco Ranch with Prime Pasture

      Ranch-style home on 84+ acres near Loop 340.
      4843 S 3Rd St Rd, Waco, TX 76706
      View Details
    • $249,900
      0.19 Acres

      Spacious Two-Story Waco Duplex

      Two-story duplex with remodeled unit, ideal for investment.
      2714 Morrow Ave, Waco, TX 76707
      View Details
    • $750,000
      0.23 Acres

      Updated Triplex Near Magnolia, Baylor

      Fully leased, updated triplex near Magnolia and Baylor University.
      629 S 5Th St, Waco, TX 76706
      View Details
    • $279,000
      0.19 Acres

      Updated Duplex on Corner Lot

      Charming duplex near Magnolia Market, Cameron Park, and Baylor University.
      2401 Herring Ave, Waco, TX 76708
      View Details
    • $320,000
      2,900 SF

      Waco Duplex Investment Opportunity

      Two income-producing duplexes near downtown Waco with strong rental potential.
      602 N 16Th St, Waco, TX 76707
      View Details

    FAQs

    What type of property is this?
    Land - Prime Waco location, 10+ acres, O-3 zoning.
    Where is this land located?
    The property is located at 10 Acres At Ritchie Rd And Chapel Rd Waco, TX.
    What is the asking price?
    The asking price for this property is $2,965,390.
    What are key features of this property?
    This property features: 10.98-acre tract.; Zoned O-3 Office Limited Commercial.; 299.54' of frontage on Chapel Road and 675.86' on Ritchie Road.
    (254) 870-0050
    Request Owner's contact information
    10 Acres At Ritchie Rd And Chapel Rd 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.
    10 Acres At Ritchie Rd And Chapel Rd
    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
    10 Acres At Ritchie Rd And Chapel Rd 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.