Property profile

6 And Fm 185 Waco, TX 76710

OFF-MARKET
Land
1.26 ac lot
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Property summary

AI-generated overview

This exceptional commercial development opportunity encompasses approximately 21.719 acres of land strategically located at the intersection of Highway 6 and FM 185 in Waco, McLennan County, Texas, zip code 76710. The property is zoned Waco ETJ and is subdivided into ten (10) lots ranging in size from 1.26 to 6.52 acres, providing flexibility for various development projects. Each lot offers significant frontage on either Highway 6 or FM 185, boasting approximately 425 feet of frontage on each road. This high-visibility location benefits from substantial daily traffic counts, exceeding 20,628 vehicles on Highway 6 and over 8,945 vehicles on FM 185, according to 2023 TxDOT data. Utilities are readily available, including water from the North Bosque Water Supply and electricity from Oncor. This prime location presents a unique chance to capitalize on the high traffic volume and visibility for a variety of commercial ventures. The land value is priced between $10 and $15 per square foot. This property is ideal for developers seeking a strategic location with excellent access and high visibility in a growing Texas market.

Property profile

Verified
Property type Land
Lot 1.26 ac (54,886 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6 And Fm 185 Waco, TX 76710
Waco metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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