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    1201 Lake Air Dr Waco, TX 76710

    Sponsored
    For Lease
    $16 SF/Yr ($2,361 /Mo)

    Waco, TX: Prime Retail/Office Opportunity

    Lot size:
    1,771 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,771 square foot commercial property, located at 1201 Lake Air Drive in Waco, Texas, presents a unique investment opportunity. Situated in the O-2 zoning district, this single-tenant building is ideal for a variety of uses, including retail, office, or restaurant establishments. The property boasts a single story, offering convenient access and ample space. Recently renovated in 2024, the building is in excellent condition and ready for immediate occupancy. The building's prime location on a busy Waco thoroughfare connecting Bosque Blvd to N. Valley Mills and Waco Drive/Franklin ensures high visibility and accessibility for customers. The O-2 zoning is designed to support businesses serving local needs, promoting convenient access for both vehicles and pedestrians, and minimizing traffic congestion. This strategic location offers significant potential for growth and profitability. The property features a total of 1,771 square feet of space, spread across a single suite within a single building. Its Class B designation reflects its well-maintained condition and attractive features. The zip code is 76710. This property is an excellent choice for businesses seeking a high-traffic location in a thriving Waco community. The property's recent renovation ensures modern amenities and a move-in ready condition. This is a rare opportunity to acquire a well-located, updated commercial space in a desirable area of Waco.

    Property Features for 1201 Lake Air Dr

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,771 SF
    Class
    B
    Total Rate
    2361.33

    Building Details

    Year Renovated
    2024
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    1,771 SF
    Rate per SF
    $16

    HighLights

    • Excellent location in a strip center with World Finance and Farmer's Insurance as neighbors.
    • Convenient access from Bosque Blvd, N. Valley Mills Dr., and Waco Drive.
    • High‑visibility location with Lake Air frontage.
    • Recently remodeled.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farmers Insurance - Jason ... Insurance Agency Kodou African Hair ... Beauty Salon Heaven's Gifted Hands ... Massage Therapist World Finance Loan Agency Rodtech Solutions Telecommunications Service Provider

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -97.186295494873
    Latitude
    31.532672693939

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    FAQs

    What type of property is this?
    Lifestyle center - Waco, TX: Prime Retail/Office Opportunity
    Where is this lifestyle center located?
    The property is located at 1201 Lake Air 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 strip center with World Finance and Farmer's Insurance as neighbors.; Convenient access from Bosque Blvd, N. Valley Mills Dr., and Waco Drive.; High-visibility location with Lake Air frontage.
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    1201 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
    1201 Lake Air Dr Waco, TX 76710
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