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Property profile & analytics
OFF-MARKET
Land

0 2.81 Acres New Dallas Hwy Waco, TX 76705

2.81 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.81-acre vacant land parcel presents a remarkable investment opportunity in Waco, Texas. Strategically located on New Dallas Highway and Old Dallas Road, this property boasts significant frontage (459 feet on New Dallas Hwy and 248 feet on Old Dallas Hwy), ensuring high visibility for any commercial development. Its convenient location less than a quarter-mile from Loop 340 provides easy access to I-35, placing it within reach of a substantial customer base. The property is zoned C3 by the City of Lacy Lakeview, offering flexibility for a variety of commercial uses. City of Lacy Lakeview utilities are readily available. Surrounded by established businesses, this site is ideal for entrepreneurs seeking a high-traffic location with strong potential for growth. The asking price is $550,000, translating to a land value of $4.50 per square foot. This prime location and flexible zoning make this property a compelling investment opportunity in a thriving Texas market. Don't miss this chance to acquire a highly visible and accessible commercial lot in a rapidly developing area.

Property profile
Verified
Property type Land
Lot 2.81 ac (122,404 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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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