6401 Premier Dr Waco, TX 76712
This exceptional 2.63-acre commercial land parcel is ideally situated in Waco, Texas, at 6401 Premier Dr, 76712, within McLennan County. Priced at $631,000, this property presents a compelling investment opportunity for developers seeking a strategic location. Its proximity to Baylor/Scott & White and Hillcrest hospitals makes it highly attractive for medical-related businesses or those seeking to capitalize on the significant foot traffic and established infrastructure in the area. The developer is open to various development scenarios, including design-build projects, build-to-lease agreements, or individual lot sales, offering flexibility to potential buyers. While this specific lot encompasses 2.63 acres, it's important to note that the overall development offers a range of lot sizes, varying from 1.04 acres to 3.93 acres, with prices ranging from $4.50 per square foot to $6.00 per square foot, depending on the specific lot selected. This prime location and adaptable development options make this property a rare find in the Waco commercial real estate market. The property's coordinates are 31.489671 latitude and -97.1724999 longitude. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.