0 Ritchie Rd Waco, TX 76701
This exceptional 9.696-acre commercial land parcel in Waco, Texas, presents a unique investment opportunity. Located on Ritchie Road in McLennan County, zip code 76701, the property boasts significant frontage along Ritchie Road (approximately 1,300 feet), Panther Way (±415 feet), and Old Ritchie Road (1,180 feet). Currently zoned R1-B Residential, a proposed zoning change to O-2 Office is underway, opening doors to diverse development possibilities. All utilities are readily available on-site. The property's strategic location offers excellent visibility and accessibility, further enhanced by Panther Way's high traffic volume exceeding 2,500 vehicles daily (TxDOT 2022 data). Its proximity to Hewitt Drive and Interstate 35 (within a 15-minute drive) ensures convenient access to major transportation arteries. The substantial acreage allows for subdivision, making it ideal for a single-family residential development or a thriving office complex. This is a blank canvas for a high-growth area, ready for your vision. The asking price is $2,745,325.44.
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.