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    500 Lake Air Dr Waco, TX 76710

    For Lease
    $11 SF/Yr

    Prime Waco Office Space, Two Suites Available

    Lot size:
    32,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial property, "The Market at Lake Air," offers two available office suites totaling 3,652 square feet in a well-established retail center. Located in McLennan County, this Class B building boasts a highly visible location near the intersection of Valley Mills Drive and Lake Air Drive, ensuring excellent exposure for your business. Built in 1969 and renovated in 1973, the property features a total of 32,700 square feet across one building, with each of the two available suites offering a minimum of 3,652 contiguous square feet. The suites are perfect for businesses seeking a versatile and established location. The property is zoned C-2 Community Commercial, allowing for a variety of uses. This presents a unique opportunity for businesses seeking a prominent presence in a thriving commercial area. The individual suites are ideal for businesses needing space ranging from 1,802 to 3,652 square feet. The property's strategic location and ample space make it an attractive option for businesses looking to establish or expand their operations in a high-traffic area. Don't miss this chance to secure your ideal office space in this established and visible location.

    Property Features for 500 Lake Air Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    32,700 SF
    Class
    B
    Total Rate
    30928.75

    Building Details

    Year Built/Renovated
    1969/1973
    Buildings
    1

    Unit(s) available at that property

    Space
    Suite 500
    Size
    1,802 SF
    Rate per SF
    $12
    Space
    Suite 502
    Size
    1,850 SF
    Rate per SF
    $11

    HighLights

    • 32,700 SF retail/office building with two suites available.
    • Suites range from 1,802 SF to 3,652 SF.
    • Located in an established retail center with high visibility.
    • Situated near the intersection of Valley Mills Drive and Lake Air Drive in McLennan County.
    • Building is Class B, constructed in 1969 and renovated in 1973.
    • Zoned C‑2 Community Commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Hairitage Salon Hair Salon Waco Med Spa/Uptown ... Medical Spa Nana African Hair ... Hair Salon

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.185448141958
    Latitude
    31.524175396455

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Waco Office Space, Two Suites Available
    Where is this office property / space located?
    The property is located at 500 Lake Air Dr Waco, TX.
    What is the lease rate?
    The lease rate is $11-$12 SF/Yr.
    What are key features of this property?
    This property features: 32,700 SF retail/office building with two suites available.; Suites range from 1,802 SF to 3,652 SF.; Located in an established retail center with high visibility.
    Request Owner's contact information
    500 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
    500 Lake Air Dr Waco, TX 76710
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