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Property profile & analytics
OFF-MARKET
Land

0 Ritchie Rd Waco, TX 76701

9.7 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 9.7 ac (422,358 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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