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    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:
    392
    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

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    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
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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.

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    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
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