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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    922 Valley Mills Dr Waco, TX 76710

    • Warehouses
    • 7,625 SF
    For Lease
    View listing
    $6 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 922 Valley Mills Dr

    Property size
    7,625 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.183
    Latitude
    31.5293

    Comparable in this City

    • Value Estimation by Request
      21,172 SF

      300 Valley Mills Dr

      Distribution properties • 21,172 SF
      300 Valley Mills Dr, Waco, TX 76710
      View Details
    • Value Estimation by Request
      0.51 Acres

      711-715 Lake Air Dr

      Distribution properties • 5,625 SF
      711-715 Lake Air Dr, Waco, TX 76710
      View Details
    • Value Estimation by Request
      1.26 Acres

      6 And Fm 185

      Land • 1.26 Acres
      6 And Fm 185, Waco, TX 76710
      View Details
    • Value Estimation
      $930,000
      71,918 SF

      4920 Franklin Ave

      INDUSTRIAL (GENERAL) • 71,918 SF
      4920 Franklin Ave, Waco, TX 76710-6918
      View Details
    • Value Estimation
      $360,000
      129,373 SF

      5601 Waco Dr

      INDUSTRIAL (GENERAL) • 129,373 SF
      5601 Waco Dr, Waco, TX 76710-5753
      View Details
    • Value Estimation
      $1,265,000
      63,657 SF

      501 Precision Dr

      INDUSTRIAL (GENERAL) • 63,657 SF
      501 Precision Dr, Waco, TX 76710-6972
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.51 Acres

      Lake Air Dr Warehouse Investment

      5,625 SF Warehouse, 100% Leased
      711-715 Lake Air Dr, Waco, TX 76710
      View Details
    • Contact for pricing
      3.00 Acres

      Waco Commercial Land - 3 Acres

      High-visibility Waco development site. Excellent access & high traffic counts.
      4501 Waco Dr, Waco, TX 76710
      View Details
    • $890,000
      7.62 Acres

      Waco Commercial Land - 7.62 Acres

      Prime Waco commercial land, ideal for development.
      6801 Airport Rd, Waco, TX 76710
      View Details
    • $450,000

      Waco Commercial Land: Prime Retail Site

      40,118 SF lot, ready for development.
      0 Waco Dr, Waco, TX 76710
      View Details
    • $519,000
      4,488 SF

      2905 Franklin Ave, Waco, TX 76710

      Commercial real estate • 4,488 SF
      2905 Franklin Ave, Waco, TX 76710
      View Details
    • $500,000
      1.00 Acre

      Waco Commercial Land - $500K

      Prime Waco location, 1-acre commercial lot.
      5900 Bosque Blvd, Waco, TX 76710
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      192,298 SF

      Precision Drive Industrial Warehouse

      Large Warehouse Space Available - McLennan County
      401 Precision Dr, Waco, TX 76710
      View Details
    • Contact for pricing
      63,896 SF

      Franklin Business Park Warehouses

      Waco, TX Industrial Space Available
      5900 Franklin Ave, Waco, TX 76710
      View Details
    • $6 SF/Yr
      7,625 SF

      922 Valley Mills Dr

      Distribution properties • 7,625 SF
      922 Valley Mills Dr, Waco, TX 76710
      View Details
    • $4 SF/Yr
      228,000 SF

      Waco Industrial Space - Multi-Use

      Versatile Waco industrial space, multiple tenants.
      3022 Franklin Ave, Waco, TX 76710
      View Details
    • $4 SF/Yr
      21,172 SF

      Waco Warehouse: 21,172 SF

      Prime Waco industrial space, single tenant, excellent location.
      300 Valley Mills Dr, Waco, TX 76710
      View Details
    • $7 SF/Yr
      15,000 SF

      Waco Industrial Warehouse Space

      15,000 SF Warehouse, Prime Location
      700 Schroeder Dr, Waco, TX 76710
      View Details
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    922 Valley Mills Dr
    Waco, TX 76710
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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