Waco Dr Waco, TX 76710
This exceptional 0.92-acre lot, totaling approximately 40,118 square feet, presents a prime development opportunity in the heart of Waco's thriving retail zone. Located on W Waco Drive, this flat, build-ready site boasts convenient access to city services, including readily available natural gas. The property shares access with other established retail businesses, ensuring high visibility and foot traffic. Its strategic location offers easy access to Downtown Waco, placing it within minutes of the city center. The surrounding area is bustling with a diverse range of businesses, including McAlister's Deli, Gold's Gym, Academy Sports & Outdoors, and Posh Nail Salon, among many others. This high-traffic area benefits from significant daily vehicle counts, with 22,271 vehicles passing by daily (based on 2019 data). Ideal for high-end retail or office development, this property offers an unparalleled chance to capitalize on Waco's robust economic growth and prime retail location. The site's flat terrain and existing infrastructure minimize development hurdles, making it an attractive investment for developers seeking a quick turnaround and strong return. This is a rare opportunity to secure a prominent location in a rapidly expanding market. The asking price is $425,000.
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.