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    11508 China Spring Rd Waco, TX 76708

    For Sale
    $950,000

    13-Acre Commercial Lot, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 13.093-acre commercial property, located at 11508 China Spring Rd, Waco, Texas, 76708, presents a unique investment opportunity. Built in 1915, the land is currently zoned R-1B, permitting single-family homes. However, the property's significant size and location offer considerable potential for redevelopment. A conceptual plan outlines the possibility of creating 31 residential lots, with potential expansion to 34. This suggests strong potential for a multi-family development, subject to necessary rezoning. The asking price for this expansive parcel is $950,000. Situated in McLennan County, this property boasts a prime location in Waco, Texas, offering easy access to key transportation routes and amenities. The property's substantial acreage and flexible zoning make it an attractive prospect for developers seeking a high-return investment in a thriving Texas market. Detailed information regarding the conceptual plan and potential development options is available upon request. This is a rare opportunity to acquire a large, well-situated commercial parcel with significant upside potential. Don't miss out on this chance to secure a valuable asset in a rapidly growing area.

    Property Features for 11508 China Spring Rd

    General Information

    Property type
    Land
    Lot Size
    570,331 SF

    Building Details

    Year Built
    1915

    HighLights

    • 13.093‑acre commercial lot in Waco, TX, at 11508 China Spring Rd.
    • Currently zoned R‑1B (single‑family), but suitable for redevelopment.
    • Conceptual plan shows potential for 31‑34 residential lots.
    • Asking price: $950,000.
    • Prime Waco location with easy access to transportation and amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Computer & Electronic Repair Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.2673467
    Latitude
    31.6306404

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    FAQs

    What type of property is this?
    Land - 13-Acre Commercial Lot, Prime Location
    Where is this land located?
    The property is located at 11508 China Spring Rd Waco, TX.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 13.093-acre commercial lot in Waco, TX, at 11508 China Spring Rd.; Currently zoned R-1B (single-family), but suitable for redevelopment.; Conceptual plan shows potential for 31-34 residential lots.
    Request Owner's contact information
    11508 China Spring Rd Waco, TX 76708
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    Waco, TX 76708
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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
    11508 China Spring Rd Waco, TX 76708
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