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    801 Lake Air Dr Waco, TX 76710

    For Sale
    $399,000

    Prime Waco location, 2640 sq ft office space.

    Property size:
    2,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a 2,640 square foot traditional office building situated at 801 Lake Air Drive in Waco, Texas, 76710. Built in 1967, the property offers a substantial footprint for a variety of commercial uses. The building's location within McLennan County provides easy access to Waco's vibrant business community and its extensive transportation network. The asking price for this property is $399,000. The building itself encompasses approximately 2,640 square feet of improved space, as per McLennan County Appraisal District (MCAD) records. Furthermore, the land associated with the property covers approximately 12,197 square feet (also per MCAD). This combination of building size and land area presents significant potential for expansion, redevelopment, or continued operation as a thriving commercial space. The property's classification as both office and retail suggests versatility in its potential uses, catering to a broad range of business needs. This presents a unique chance to acquire a well-located commercial property in a growing Texas market. The property's age provides an opportunity for renovation and modernization to enhance its value and appeal. Serious inquiries are encouraged to explore the full potential of this promising investment.

    Property Features for 801 Lake Air Dr

    General Information

    Property type
    Retail properties
    Square Feet
    2,640 SF

    Building Details

    Year Built
    1967

    HighLights

    • $399,000 asking price.
    • 2,640 square foot office/retail building.
    • Built in 1967.
    • Located at 801 Lake Air Dr, Waco, TX 76710.
    • Situated on approximately 12,197 square feet of land (McLennan County Appraisal District data).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lake Air Grooming ... Pet Groomer Lake Air Animal ... Veterinarian

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -97.1867504
    Latitude
    31.5271792

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    FAQs

    What type of property is this?
    Retail property - Prime Waco location, 2640 sq ft office space.
    Where is this retail property located?
    The property is located at 801 Lake Air Dr Waco, TX.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: $399,000 asking price.; 2,640 square foot office/retail building.; Built in 1967.
    Request Owner's contact information
    801 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
    801 Lake Air Dr Waco, TX 76710
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