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    504 Austin Ave Waco, TX 76701

    For Lease
    $24 SF/Yr ($8,040 /Mo)

    4,020 SF Class A Office, Newly Renovated

    Lot size:
    4,020 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 4,020-square-foot Class A executive office space is ideally situated in Downtown Waco's vibrant submarket. Located at 504 Austin Avenue, this single-tenant property offers a completely renovated interior (2024) within a historically significant building (1930). The property benefits from ample parking for tenants and visitors, a flexible floor plan perfect for customization, and modern amenities. Its prime location ensures high visibility and easy access to the area's amenities and businesses. The building is zoned 2007TIF within McLennan County, Texas, and boasts a highly desirable address in the heart of Waco's downtown area. This meticulously maintained property presents a unique opportunity for businesses seeking a prestigious and functional office space in a thriving urban setting. The property's size and location make it suitable for a variety of businesses seeking a prominent presence in the Waco market. The combination of historical charm and modern updates creates a sophisticated and efficient workspace. This is a rare opportunity to secure a high-quality, single-tenant office building in a highly sought-after location. The property is ready for immediate occupancy. Zip code: 76701.

    Property Features for 504 Austin Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,020 SF
    Class
    A
    Total Rate
    8040

    Building Details

    Year Built/Renovated
    1930/2024

    Unit(s) available at that property

    Space
    504 Austin Avenue
    Size
    4,020 SF
    Rate per SF
    $24

    HighLights

    • Flexible floorplan options available.
    • Prime Downtown Waco location.
    • High visibility and convenient access.
    • Waco, TX market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cox Guy D Attorney

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -97.1318883
    Latitude
    31.5563942

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    FAQs

    What type of property is this?
    Office Property Space - 4,020 SF Class A Office, Newly Renovated
    Where is this office property space located?
    The property is located at 504 Austin Ave Waco, TX.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Flexible floorplan options available.; Prime Downtown Waco location.; High visibility and convenient access.
    Request Owner's contact information
    504 Austin Ave Waco, TX 76701
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    Waco, TX 76701
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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
    504 Austin Ave Waco, TX 76701
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