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    711-715 Lake Air Dr Waco, TX 76710

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    For Sale
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    5,625 SF Warehouse, 100% Leased

    Property size:
    5,625 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional value-add investment opportunity presents a 5,625 square foot warehouse situated on a 0.507-acre lot at 711-715 Lake Air Drive in Waco, Texas, zip code 76710. The property boasts a prime location within a strong retail corridor, ensuring consistent cash flow. The single-story, Class B building is currently 100% occupied by two established tenants under a gross lease agreement. No credit rating is required for tenants. The property is zoned C-3, allowing for a variety of commercial uses. This multi-tenant property offers a compelling investment with a projected 6.5% cap rate and the potential for future rent bumps. The building consists of one structure with a total of 5,625 square feet. This is a rare opportunity to acquire a fully leased, income-generating asset in a desirable location. The property's strong tenancy and strategic positioning make it an attractive investment for both seasoned and emerging investors. Further details are available upon request.

    Property Features for 711-715 Lake Air Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    5,625 SF
    Class
    B
    Lot Size
    22,085 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • 100% Leased, generating immediate income.
    • 6.5% projected capitalization rate.
    • Two established tenants under gross lease agreements.
    • Prime location in a strong Waco, TX retail corridor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness 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
    -97.186957039426
    Latitude
    31.526614149046

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    FAQs

    What type of property is this?
    Distribution property - 5,625 SF Warehouse, 100% Leased
    Where is this distribution property located?
    The property is located at 711-715 Lake Air Dr Waco, TX.
    What are key features of this property?
    This property features: 100% Leased, generating immediate income.; 6.5% projected capitalization rate.; Two established tenants under gross lease agreements.
    Request Owner's contact information
    711-715 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
    711-715 Lake Air Dr Waco, TX 76710
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