Property profile

Waco Dr Waco, TX 76710

OFF-MARKET
Commercial real estate
40,118 SF 0.92 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Total area 40,118 SF
Lot 0.92 ac (40,075 SF)

Cap rate & NOI

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

Location

Waco Dr Waco, TX 76710
Waco metro
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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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