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    419 Lake Air Dr Waco, TX 76710

    For Sale
    $469,000

    Waco Office/Retail Space - $469,000

    Property size:
    3,058 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial property at 419 Lake Air Drive in Waco, Texas, presents a unique investment opportunity. The building, totaling approximately 3,058 square feet according to McLennan County Appraisal District (MCAD) records, offers a versatile blend of office and retail space. The property features approximately 2,308 square feet of office space and an additional 750 square feet of warehouse space, all situated on a generous 27,500 square foot lot. Currently owner-occupied, the property will be vacant upon the owner's relocation to a new facility, anticipated for Summer 2025. This provides a prospective buyer with ample time to plan for future use or tenant acquisition. The property's location in Waco, McLennan County, Texas, zip code 76710, offers excellent accessibility and visibility. The asking price for this well-maintained property is $469,000. This presents a strong opportunity for investors seeking a versatile commercial property in a growing Texas market. The substantial lot size also offers potential for future expansion or development. Serious inquiries are encouraged to explore this promising investment prospect. The property is zoned for office and retail use.

    Property Features for 419 Lake Air Dr

    General Information

    Property type
    Retail properties
    Square Feet
    3,058 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lake Air Animal ... Animal Hospital Frey Cynthia DVM Veterinarian

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -97.1841653
    Latitude
    31.5237534

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    FAQs

    What type of property is this?
    Retail property - Waco Office/Retail Space - $469,000
    Where is this retail property located?
    The property is located at 419 Lake Air Dr Waco, TX.
    What is the asking price?
    The asking price for this property is $469,000.
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    419 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
    419 Lake Air Dr Waco, TX 76710
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