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    1120 Lake Air Dr Waco, TX 76710

    Sponsored
    For Lease
    $28 SF/Yr

    Prime Retail Space: 5,500 SF Available

    Lot size:
    12,936 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional retail property, located at 1120 Lake Air Drive in McLennan County, presents a prime leasing opportunity for a variety of businesses. Built in 2019, the building boasts a total of 12,936 square feet, with 5,500 square feet currently available as shell space. This adaptable space is ideal for retail, office, or medical uses and can be divided to accommodate specific tenant needs. The property features a modern and attractive design, abundant natural light, and a spacious, versatile floor plan creating a professional atmosphere. Convenience is key with ample pull-up parking directly in front of the building, ensuring easy access for customers and employees. Situated within a vibrant retail corridor, this location guarantees maximum visibility and exposure to a high volume of traffic. The property offers competitive rental rates and a significant tenant improvement allowance of $30 per square foot, making it an attractive investment for prospective tenants. This is a rare opportunity to secure a well-located, modern retail space in a thriving commercial area. The property's design and location combine to create an ideal environment for businesses seeking high visibility and convenient access. Don't miss this chance to establish your business in this desirable location.

    Property Features for 1120 Lake Air Dr

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,936 SF
    Total Rate
    30184

    Building Details

    Year Built
    2019

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    5,500 SF
    Rate per SF
    $28

    HighLights

    • 5,500 square feet of available retail space.
    • $30 per square foot tenant improvement allowance.
    • Convenient pull‑up parking.
    • Competitive rental rates.
    • Located in a strong retail corridor in McLennan County.
    • Modern building design.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bear Braces Orthodontist Dr. Steven Machicek Orthodontist Trek Bicycle Waco Bicycle Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.18634252
    Latitude
    31.53162603

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Space: 5,500 SF Available
    Where is this individual retail property located?
    The property is located at 1120 Lake Air Dr Waco, TX.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: 5,500 square feet of available retail space.; $30 per square foot tenant improvement allowance.; Convenient pull-up parking.
    Request Owner's contact information
    1120 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
    1120 Lake Air Dr Waco, TX 76710
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