Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5501 Bosque Blvd Waco, TX 76710
    Back to Search
    Property profile & analytics

    5501 Bosque Blvd Waco, TX 76710

    View on Map
    • Retail properties & Spaces
    • 5,430 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cotton Patch Cafe / Restaurant
    • Lake Air Mall / Shopping Center & Mall

    Property Details for 5501 Bosque Blvd

    Property size
    5,430 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional 5,430 square foot retail space, located at 5501 Bosque Blvd in McLennan County, presents a unique investment opportunity. Currently vacant, the entire building is available for lease, offering a blank canvas for a discerning tenant. The property is zoned C-3, allowing for a wide range of commercial uses, making it particularly well-suited for a restaurant concept. The single-suite building provides ample space for a large-scale operation, with the potential for significant customization to meet specific business needs. Given its size and location, this property is ideal for a restaurant seeking high visibility and accessibility. The "Target Anchored Pad" designation suggests a strategic location within a larger commercial development, benefiting from the established traffic and customer base of a major anchor tenant. This presents a significant advantage for attracting customers and building a thriving business. The property's 5,430 square feet offers considerable flexibility in design and layout, allowing for the creation of a unique and memorable dining experience. Serious inquiries are encouraged to explore the possibilities of this prime retail location. The property is ready for immediate occupancy, providing a swift path to market entry for the right tenant. This is a rare opportunity to secure a substantial retail space in a desirable location with excellent potential for growth and success. Interested parties should act quickly to secure this exceptional property.

    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
    -97.1943
    Latitude
    31.5325

    Comparable in this City

    • Value Estimation by Request
      0.25 Acres

      737 Valley Mills Dr

      Restaurants • 0.25 Acres
      737 Valley Mills Dr, Waco, TX 76710
      View Details
    • Value Estimation by Request
      900 SF

      2002 Valley Mills Dr

      Lifestyle centers • 900 SF
      2002 Valley Mills Dr, Waco, TX 76710
      View Details
    • Value Estimation by Request
      60,621 SF

      408 Valley Mills Dr

      Lifestyle centers • 60,621 SF
      408 Valley Mills Dr, Waco, TX 76710
      View Details
    • Value Estimation by Request
      21,800 SF

      4533 Waco Dr

      Individual retail properties • 21,800 SF
      4533 Waco Dr, Waco, TX 76710
      View Details
    • Value Estimation by Request
      39,813 SF

      3705 Franklin Ave

      Neighborhood centers • 39,813 SF
      3705 Franklin Ave, Waco, TX 76710
      View Details
    • Value Estimation by Request
      3,854 SF

      718 Valley Mills Dr

      Office properties & Spaces • 3,854 SF
      718 Valley Mills Dr, Waco, TX 76710
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Restaurant Pad Site For Sale

      Restaurant pad site with high traffic count and C-3 zoning.
      4201 Franklin Ave, Waco, TX 76710
      View Details
    • Contact for pricing

      Prime Retail Site in Waco

      Excellent location at a busy Waco intersection, ideal for business.
      737 N Valley Mills Dr, Waco, TX 76710
      View Details
    • Contact for pricing
      2,640 SF

      Commercial Building on Lake Air

      Commercial building with retail and office space for sale.
      801 Lake Air Dr, Waco, TX 76710
      View Details
    • Contact for pricing

      Turnkey Restaurant Opportunity

      Fully equipped restaurant for sale or lease near Downtown Waco.
      2803 Franklin Ave, Waco, TX 76710
      View Details
    • Contact for pricing

      Downtown Waco Redevelopment Opportunity

      Redevelopment opportunity in Downtown Waco with retail and office potential.
      500 Franklin Ave, Waco, TX 76710
      View Details
    • Contact for pricing

      Prime Retail/Office Building For Sale

      Standalone building on busy commercial corridor with high visibility.
      810 N Valley Mills Dr, Waco, TX 76710
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Commercial Space For Lease

      3,600 SF space suitable for retail, restaurant, fitness, or service.
      3300 Franklin Ave, Waco, TX 76710
      View Details
    • Contact for pricing

      High Visibility Retail/Restaurant Space

      Spacious 6,000 SF layout ideal for retail or restaurant.
      3126 Franklin Ave, Waco, TX 76710
      View Details
    • Contact for pricing
      737 SF

      Freestanding Restaurant with Drive-Thru

      Freestanding restaurant with drive-thru on a well-traveled thoroughfare.
      1707 S Valley Mills Dr, Waco, TX 76710
      View Details
    • Contact for pricing
      2,482 SF

      Freestanding Restaurant with Drive-Thru

      Freestanding restaurant with drive-thru, prime frontage on Valley Mills.
      1709 S Valley Mills Dr, Waco, TX 76710
      View Details
    • Contact for pricing

      Retail Center on Lake Air

      Retail center with high visibility near Valley Mills Drive.
      500 Lake Air Dr, Waco, TX 76710
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5501 Bosque Blvd
    Waco, TX 76710
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5501 Bosque Blvd, Waco, TX, 76710
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!