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    Ritchie Rd And Chapel Rd Waco, TX 76712

    For Sale
    $5,726,833

    8+ Acres, Prime Waco Location, Divisible

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 8.098-acre commercial land parcel presents a unique development opportunity in Waco, Texas. Strategically located at the intersection of Ritchie Road and Chapel Road, this property boasts excellent visibility and accessibility. The site is zoned C-2: Community Commercial, allowing for a variety of commercial uses. A 2018 TxDOT study indicates Chapel Road sees over 4,000 vehicles daily, ensuring high traffic exposure for any development. The property offers multiple purchase options, including: Package A: the entire 8.098 acres with 256.43 feet of Chapel Road frontage and 1,257.63 feet of Ritchie Road frontage

    Property Features for 0 Ritchie Rd And Chapel Rd

    General Information

    Property type
    Land
    Lot Size
    352,749 SF

    HighLights

    • 8.098‑acre commercial land parcel available in Waco, TX, with multiple purchase packages.
    • C‑2 Community Commercial zoning.
    • 256.43 feet of frontage on Chapel Road.
    • 1,257.63 feet of frontage on Ritchie Road.
    • Excellent visibility and accessibility.
    • Prime intersection location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.2525737
    Latitude
    31.4559624

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    FAQs

    What type of property is this?
    Land - 8+ Acres, Prime Waco Location, Divisible
    Where is this land located?
    The property is located at Ritchie Rd And Chapel Rd Waco, TX.
    What is the asking price?
    The asking price for this property is $5,726,833.
    What are key features of this property?
    This property features: 8.098-acre commercial land parcel available in Waco, TX, with multiple purchase packages.; C-2 Community Commercial zoning.; 256.43 feet of frontage on Chapel Road.
    (254) 870-0050
    Request Owner's contact information
    Ritchie Rd And Chapel Rd Waco, TX 76712
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    Waco, TX 76712
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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
    Ritchie Rd And Chapel Rd Waco, TX 76712
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